100 smartest people in the UAE
Tue 26 Sep 2017 12:04 AM
Marwan Lutfi

Company: Al Etihad Credit Bureau

Designation: CEO

Country: UAE

Country of residence: United Arab Emirates

As the inaugural CEO of Al Etihad Credit Bureau, Marwan Lutfi has been instrumental in weaving the organisation and the idea of credit scores into the UAE banking industry. Conceptualised in 2013, the bureau has progressed from collecting data to providing analysis for subscribers, which include nearly all financial institutions in the country.

Lutfi is preparing to use analytical tools to predict consumer behaviours, including assigning credit scores, which were launched in the UAE for the first time in April, in a bid to add an extra layer of durability to the country’s banking sector and minimise bad debt. In an interview with Arabian Business this year, he described the UAE credit scores as a “game changer”.

He is also working to create a real estate credit score, which could minimise the prevalence of rent defaults.