2021 – Participation in Malta Day – Abu Dhabi
01 June 2021
The Malta Embassy in Abu Dhabi will be organising a Malta Day event scheduled on...
World Bank's IFC speaks at
CREDITINFO's 10 th Anniversary celebrations – Mr Fabrizio Fraboni, principal
Operation Officer and Credit Bureau specialist with the International Finance
Corporation (IFC), a World Bank Corporation, who was the main speaker in a
conference organised by Creditinfo Malta, dealt at length on Harnessing the
Power of Credit Reporting within a Credit Bureau model.
Mr Fraboni, went on to explain how
Malta, as a result of such a Credit Bureau, would improve its world ranking in
the credit sector from its current 102 position.
Creditinfo Malta, organised a
mini-conference entitled "Credit
Bureaux – Reducing Risk by Collaboration" at Corinthia Hotel, St
George's Bay, last Wednesday, 14th November as part of its 10th Anniversary
Mr Simon Camilleri, Country Manager for
Creditinfo Malta, opened the conference by introducing Mr Reynir Grétarsson,
the founder of the Creditinfo Group and Mr Almar Hilmarsson, the CEO of
Creditinfo International GmbH.
Mr Paul Randall, Head of Business
Development of Creditinfo International GmbH, described the workings of a
Credit Bureau and its Concept and the relative Data Sharing complexities within
Credit Bureaus. The importance of Data Quality and its three levels of
strategy: Education and Awareness, Prevention (Data Verification and Data
Input) and Periodic Reviews where also touched upon as well as how in-depth
Data Analysis of the data would eventually lead to Fraud Detection or attempts
Finally, Ms Maria Rachel Pullicino,
Credit Scoring Analyst at Bank of Valletta plc, explained how credit scoring
was one of the earliest developed financial risk management tools. Many
financial institutions, being aware of the tremendous benefits credit scoring
provided, including predictive possibilities, incorporated it in their internal
loan assessment procedures.
Following, the conference, the
participants were invited to a reception, also held at the Corinthia Hotel,
where Mr Reynir Grétarsson cut the 10th Anniversary cake.
The Malta Chamber of SMEs represents over 7,000 members from over 90 different sectors which in their majority are either small or medium sized companies, and such issues like the one we're experiencing right now, it's important to be united. Malta Chamber of SMEs offers a number of different services tailored to its members' individual requirements' and necessities. These range from general services offered to all members to more individual & bespoke services catered for specific requirements.
A membership with Malta Chamber of SMEs will guarantee that you are constantly updated and informed with different opportunities which will directly benefit your business and help you grow. It also entails you to a number of services which in their majority are free of charge and offered exclusively to its members (in their majority all free of charge).