IfG.CC -
Institute for eGovernment

Emcredit, the UAE’s first credit bureau, has signed a deal with Dubai eGoverment that paves the way for government departments to share credit and business information with it. The deal, dubbed as a ‘technical integration agreement’, will allow this information to be used in Emcredit’s credit reports. The information sharing is also expected to help Emcredit create other products that can be used by commercial entities and credit providers, the credit bureau said.

“This is in line with the Dubai Strategic Plan which calls for greater transparency and accountability in all government sectors,” Salem Khamis Al-Shair, eServices director at Dubai eGovernment, said. “Our integration platform has been utilised effectively by other government departments for seamless transactions and will now be used to create a secure, unified credit reporting solution.

We are pleased to work with Emcredit and are ready to support their goals and aspirations, as we share a similar vision in the field of electronic and financial transactions.” With this deal, Emcredit says it hopes to provide credit reports that will cover information beyond mere banking data to include other forms of information relating to a person’s payment history.

Emcredit, a project initiated by the Department of Economic Development, Dubai, is located at the Dubai International Financial Centre.

Quelle/Source: 7DAYS, 08.07.2007