The management of CRC Credit Bureau has said the focus of the company is open up the nation’s financial space by coming up with products that would enhance credit penetration in the country.

 

The Chief Executive Officer of the company, Dr. Tunde Popoola, who stated this at the launch of the company’s new credit mobile application in Lagos, recently, explained that the decision to upgrade the Bureau’s existing Credit mobile app is one of its  major steps at redefining digital credit management, and give customers seamless access to their credit information and essential financial services in one place.

 

He added that  the launch of  the smart, secure platform reinforces the company’s  commitment to strengthening trust in the nation’s financial system, enhancing digital innovation and improving customer experience.

 

He added that the  upgrade creates a secure, intuitive, and multifunctional platform that meets the evolving needs of its customers.

 

The CRC boss explained that the app is  equipped with  new features, designed to deliver enhanced security, seamless transactions, and broader service offerings to individuals and businesses across Nigeria.

 

One of such, the CRC boss added, is the  biometric login functionality, which enables users to securely access their accounts through fingerprint authentication and Face ID.

 

“This enhancement ensures faster login while maintaining strict data protection standards and strengthening overall platform security,” he added.

 

Popoola argued that the mobile application has become imperative to further empower institutions in the credit economy to make informed decision, while also enhancing customers convenience, and ensuring their data privacy.

 

“We want to open up the financial space for credit penetration. Nigerians are borrowing, but most of these things are done informally. That is why banks were not lending because there was no way they could know those customers and their lending history. CRC is a repository of data and information, and what we are doing is to provide lending history of Nigerians to such financial institutions,” he added.

 

Popoola added that it has become imperative for the nation’s lending economy to be enhanced, to enable Nigerians live the lives they desire.

 

“Unlike in advanced economies, where citizens are able to purchase any product or even service due to their virile lending economy, Nigerians can not, because they will have to save up to get those things,” he stated.

 

The CRC boss, however expressed the optimism that the introduction of the upgraded mobile would go a long way  in further improving on the population of 50million Nigerians that now have credit scores with the company.