Credit bureau up and running

CEO of Creditinfo (Guyana) Inc Judy Semple-Joseph

A year after its formal launch Chief Executive Officer of Creditinfo (Guyana) Inc Judy Semple-Joseph said the local bureau has “sealed” arrangements with all of the country’s commercial banks under which they will share information.

“All of the commercial banks have now signed on to work with the credit bureau. They have signed a document indicating that they subscribe fully to the credit bureau and we are now engaging in the process,” Semple-Joseph told Stabroek Business in an exclusive interview earlier this week.

Under the law governing the operation of the credit bureau in Guyana, commercial banks must still secure clearance from their individual customers before they can furnish the bureau with their data. “It is now for the banks to clean up the data and to ensure that they get that permission from