CIC signs Contract with 3 more Credit Bureaus to target more Inclusive Lending
Manila, Philippines - On July 25, 2016, the Credit Information Corporation (CIC) headed by their 3 year consecutive president, Mr. Jaime Gartichorena, signed contract with three more credit bureaus anmely: CRIF Philippines, Compuscan Philippines, and CIBI Information, Inc., in accordance with the requirements stated in the SEC Memorandum Circular No. 7 Series of 2015, bringing the accredited SAEs to four. Its goal is to make credit readily available which I know will be a great advantage for all Filipinos. "Six credit bureaus were provisionally accredited as SAEs by the CIC. Transunion Information Solutions, Inc. was the first to execute the Subscription Agreement with the CIC last May 5, 2016. Accreditaion of this new set of SAEs is our offer that the CIC has a viable business model, that there is a need for credit information and other value added services in the financial sector, and that the CIC is now set to move forward with our objectives and partners...