IFIS Japan Ltd.

BVN is an important part of Nigeria’s financial system, but many people still have questions about how it works and where it is used. This article answers frequently asked questions about BVN, including its purpose, verification, and role in financial services.

This article breaks down the specific categories of data that lenders report to credit bureaus across Africa. It focuses strictly on lender supplied data, not how bureaus score it or how lenders later consume it.

Traditional credit reports can give lenders useful insights into a borrower’s financial history, but they do not always tell the full story. Alternative data can help lenders assess borrowers with limited or incomplete credit histories and make more informed underwriting decisions. In this article, we explore three types of alternative data lenders can use to strengthen credit assessment, improve risk evaluation, and make better lending decisions.