Creditinfo Group has introduced the Creditinfo Predictor score in Georgia, facilitating better credit risk assessment for financial institutions. This score has seen over 6 million requests in the past year, highlighting its importance in evaluating borrowers' creditworthiness and managing risks. Continuous improvements to the Creditinfo Predictor are anticipated, enhancing its predictive capabilities and further integrating it into the financial services sector.

1. Creditinfo Group, Höfðabakki 9, 110 Reykjavik, Iceland Tel: +354 550 9600 www.creditinfo.com info@creditinfo.com
Over 6 million Creditinfo Predictor Scores in just one year
PRESS RELEASE March 2014
The increased availability of credit in Georgia over the last few years has led to the financial institutions needing
to ensure that above all, those customers it is lending to, are of good credit risk. High quality credit risk
management assessment is of equal key importance, for both the customers, in order that they are dealt with in
a responsible manner, and for the lenders, to have good quality portfolios.
Banks and other financial institutions have identified through their in-depth analysis that, one of the critical
components of high quality credit assessment in Georgia is the Creditinfo Predictor Score provided by Creditinfo
Georgia, which enables them to understand the risk of individuals or businesses that are requesting credit. Not
only is this Score used when assessing credit, but also for regular checks of the customer’s credit worthiness, in
order that, outstanding loans and credit card agreements can be assessed before any serious repayment
problems occur.
Creditinfo Predictor provides a most powerful and effective way of assessing the information held at Creditinfo
credit bureaus. Evaluating credit bureau data is an integral part of the consumer lending process. The potential
of this data goes far beyond the existence, or not, of historic bad payments. The in-depth analysis performed by
Creditinfo as part of the development of Creditinfo Predictor for both businesses and individuals, unlocks the full
power of the data. This includes economic data, credit activity and demographic information.
The Creditinfo Predictor Score has become such an integral element of the financial services community that
over 6 million requests have been made in Georgia over the last 12 months. Alexander Gomiashvili, Chief
Executive Officer of Creditinfo Georgia recently stated, “the Creditinfo Predictor Score has been available for 3
years now. During this time, we have carried out continuous reviews and developments to ensure that it is a
robust and durable product, and we will continue to improve it in line with market and customer needs. A
number of banks who have strong risk management procedures have measured the benefits that can be
obtained from using our Creditinfo Predictor Score, consequently they have quickly integrated Creditinfo
Predictor into their processes.”
The latest update of the Creditinfo Predictor will be available from the end of April 2014. Through innovative
uses of data, this version will generate even more highly predictive indicators to improve credit risk
management procedures. It is expected that usage of the system will continue to increase, as those remaining
banks and financial institutions who presently do not use Creditinfo Predictor, are now realizing that they are
currently working at a competitive disadvantage.
Creditinfo is a leading worldwide service provider of credit information and credit risk management solutions, including
tools for decision making, models and software. Creditinfo Group, established in 1997, has been among the fastest growing
companies in its field. It is often the preferred partner of local Credit Bureaus having been shortlisted and awarded several
tenders supported by World Bank, IFC, Millennium Challenge Corporation and other international organisations.
The most recent ones are in Tanzania (Central Bank), Sudan (Central Bank), Cape Verde (Chamber of Commerce) and
Afghanistan (Central Bank). Creditinfo’s strength is the establishment of credit bureaus in emerging credit markets and
hosting, managing and providing credit and credit related data to customers, either directly or through our partner
agreements.