The Egyptian Credit Bureau, iscore was founded in 2005 as an Egyptian joint-stock company. Its establishment involved the participation of 25 banks and the Micro, Small, and Medium Enterprises Development Agency (MSMEDA). The Central Bank of Egypt authorised the commencement of its operations on January 22, 2008. Currently, iscore offers a wide array of products and services with an innovative value proposition that helps organisations effectively confront the dynamic financial challenges of today.
With the goal of providing credit information services and value-added products, iscore empowers organisations with advanced solutions that offer actionable insights and improve workflows, enabling smarter, data-driven strategies for growth and success through its products and services.
Staying true to its commitment to innovation, iscore recently introduced the Alerts Platform, which has been enhanced as an innovative solution to support credit-granting institutions in monitoring changes/updates in their customers’ credit profiles and activities—whether individuals, SMEs, or micro-enterprises. The platform now delivers more than 10 types of quick alerts, enabling banks to monitor changes in clients’ credit activity.
The platform provides several types of alerts, including, but not limited to, changes in contact details, credit performance changes, and updates on the legal status of credit facilities. At the same time, it empowers credit-granting institutions to proactively address risks, seize new opportunities, and streamline operations through its advanced capabilities.
The Alerts Platform also helps organisations identify new business opportunities, supporting portfolio growth while maintaining risk control. The platform optimises credit portfolios by identifying and mitigating excessive credit exposure for individuals, SMEs, and micro-enterprises, helping institutions manage credit limits and mitigate risk effectively. It also notifies institutions when there is high enquiry activity on a client, a significant credit limit increase, or new facilities granted by different entities, under certain conditions, offering insights into seizing new business opportunities.
With the Alerts Platform, iscore continues to lead innovation in the financial sector, helping organisations stay ahead in an increasingly competitive market.