Nigeria FinTech Landscape - Impact Assessment
3: To boost retail lending, a shared infrastructure player e.g. NIBSS should develop a
central credit infrastructure comprising credit scoring and collections infrastructure
m
Central credit
scoring system
Create a alternative credit scoring system that leverages
combination of transaction and other customer data (bills,
airtime purchases to provide lending products to individuals as
SMEs
NIBSS transaction data could be the starting point for the
credit scoring and could be augmented subsequently by data
from credit bureaus, telcos etc. (through a commercial
arrangement)
Collections infrastructure incorporating
(GSI)
Develop central loan collection infrastructure that enables
customers easily set direct debits on their account for loan
repayment
Incorporate GSI to allow lenders recover delinquent loans.
from customers accounts across banks
Central Credit Infrastructure (e.g. through NIBSS)
1. Global Standing Instruction
SOURCE: Expert interviews, Stakeholder interviews, team analysis
EFINA
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