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Published 12 March 2021
CRC Credit Bureau has launched CRC Returnex, a data enabled solution that provides lending institutions the means of using artificial intelligence to identify and retain borrowers in their portfolio.
A statement on Thursday titled ‘CRC Credit Bureau launches CRC Returnex’ said with this product from CRC, lenders could effectively profile borrowers that would likely take loans again, those that may borrow from other institutions and those who may stop borrowing in entirety or for a duration of time.
It stated, “This innovation in Nigeria, the first in the credit reporting industry, is a solution that enables lenders manage their credit risk exposure while cost effectively channeling their marketing communications activities to the right customer base, thereby saving on marketing spend
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