Compuscan were extremely proud to be associated with both Capitec and Teba Bank who were singled out when examples of highly innovative global developing banks were cited in the keynote address at the African Banking Technology conference hosted in Nairobi during April this year.

Capitec were cited for their successful customer growth with a previously unbanked customer base and Teba Bank were cited for their key success at successfully sticking to a strategy to focus on one sector, the mining sector, and dominating lending without exception in that sector.

Compuscan has enjoyed a long standing business relationship with Capitec Bank as a credit information risk provider for more than ten years, delivering critical credit information and automated decisioning to every one of their country wide branches within seconds. Compuscan has experienced the growth first hand at Capitec and we are proud of this affiliation. Compuscan is also pleased to be associated with Teba Bank who makes use of the credit training skills, support and ongoing credit education advisory services of CSTI. CSTI (Credit Skills Training Institute) is Compuscan’s subsidiary company that is accredited by BANKSETA. CSTI specializes in providing credit skills training and consultancy support regarding the submission of workplace skills plans to assist organisations to take advantage of the many educational advantages offered by the sector education body.

At the conference Compuscan presented its solutions that are to be delivered in Uganda with a focus on the biometric based identity number, much discussion ensued about the possibilities of using the technology solutions to achieve Know Your Customer compliance requirements and there was a focus of attention to data quality. The presentation reviewed the growth in lending in the formal sector in Uganda and a comparison was presented showing the concurrent growth in bad loans. The presentation concluded with the credit bureau’s objectives and how in any market, but especially Uganda where no bureau has existed, loan losses were likely to be reduced.

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