XDS rebrands to First Central Credit Bureau
Director, First Central Credit Bureau, Olubunmi Peters, says Nigeria’s Credit Bureau space has had to constantly struggle to overcome cultural and systemic hindrances.
Mon, 30 Apr 2018 12:17:25 GMT
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AI Generated Summary
- The rebranding of XDS Credit Bureau to First Central Credit Bureau signifies a strategic shift towards aligning the company with the Nigerian market and positioning it as a continental brand.
- The launch of new products and services, including the scorecard program, is expected to enhance the accessibility of credit information for individuals and businesses in Nigeria.
- By bringing software development and infrastructure management in-house and focusing on understanding the social needs of the society, First Central Credit Bureau aims to set new standards and make a positive impact on the Nigerian credit bureau system.
In a bid to revolutionize Nigeria's credit space, XDS Credit Bureau has rebranded to First Central Credit Bureau. Director Dr. Olubumi-Peters discussed the challenges faced by the credit bureau industry in Nigeria during an interview with CNBC Africa's ChristyCole Popoola. The decision to rebrand came after the exit of the South African partner, with the aim of aligning the company with the Nigerian market and positioning it as a continental brand. The rebranding process was not just a change in name but a strategic move to elevate the credit bureau to international standards and provide more value to its customers. This move marks a significant milestone for the Nigerian credit bureau system and is expected to bring about positive changes in the industry. The launch of new products and services, such as the scorecard program, promises to enhance the accessibility of credit information for both individuals and businesses, ultimately contributing to a more robust and efficient credit ecosystem in Nigeria.
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