Neal & Massy lands Jamaica credit bureau licence

(Jamaica Gleaner) The Ministry of Finance has approved a licence for a new company called CRIF NM Credit Assure Limited (CNM-CAL) to operate a credit bureau in Jamaica.

The Ministry said last night that CNM-CAL is a joint venture between ILLUMINAT Jamaica Limited and CRIF SpA, an Italian firm in the business of providing credit information and related value added services in several European jurisdictions.

ILLUMINAT is a wholly owned subsidiary of Neal and Massy Holdings Limited.

CNM-CAL has been given 12 months by Finance Minister Dr Peter Phillips to launch its operation.

It is the second firm to be licensed under new credit reporting laws; the first was Creditinfo Jamaica, a partnership between Creditinfo Group of Iceland and Jamaican investors.

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