Dubai's first independent credit bureau, Emcredit, has signed a technical integration deal with Dubai eGovernment.
The agreement will allow relevant credit and business information from Dubai government to be shared with Emcredit.
Some products will be developed to aid commercial entities and credit grantors while other data will be included in the credit reporting solutions that will be provided to registered members of Emcredit.
"Credit reporting solutions are not only limited to banking data but also includes any form of information relating to an individual's payment history," said Bashar Saleh Qallab, CEO of Emcredit.
"Together this becomes crucial data and helps assess the repayment capability of individuals and companies more effectively. Our agreement with eGovernment will ensure that our members receive a varied range of data that will support their decisions," he added.
"This is in line with the Dubai Strategic Plan which calls for greater transparency and accountability in all government sectors. Our integration platform has been utlised effectively by other government departments for seamless transactions and will now be used to create a secure, unified credit reporting system," said Salem Khamis Al-Shair, eServices director, Dubai eGovernment.
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