[BUSINESSWORLD] Poor access to financing hampers MSME growth
The difficulty faced by micro, small and medium-sized enterprises (MSMEs) in obtaining bank financing has been holding back the sector’s growth, the Asian Development Bank (ADB) said.
[MANILA STANDARD] Financial education, technology are crucial in the new normal—Home Credit and CIC
As a developing economy, it is no surprise that the Philippines still has a long way to go when it comes to financial literacy.
[PNA] Credit score info applications rise during pandemic
MANILA – Inquiries and requests for credit score information increased significantly during the pandemic as more people apply for loans to help them cope with the crisis.
[BUSINESSMIRROR] App allows borrowers to access credit data
With individual borrowers requesting for credit reports, the Credit Information Corp. (CIC) recently introduced a mobile application that allows remote access of such data.
[BUSINESSWORLD] CIC touts credit-score app amid increased borrowing during pandemic
State-run Credit Information Corp. encouraged potential borrowers to check their credit scores on its mobile application to size up their prospects of obtaining credit during the coronavirus disease 2019 (COVID-19) crisis.
PRESS RELEASE: Credit bureau app enables secure, remote access to individual credit reports, credit scores
MAKATI CITY, 02 October 2020 – As part of its mandate to provide standardized information on credit history and financial condition of Filipino borrowers, the Credit Information Corporation (CIC) invites the public to get a copy of their CIC Credit Report with a credit score online through CIBI Infor
PRESS RELEASE: CIC reiterates plea for P90M subsidy as House opens plenary deliberation for 2021 budget
MAKATI CITY, 01 October 2020 – Credit Information Corporation (CIC), the country’s public credit registry and repository of Filipinos’ credit information, underscored anew its plea for a P90 million subsidy for FY 2021 as the House of Representatives begins its deliberations in a plenary session
[BUSINESSWORLD] CIC seeks P35 million to upgrade database security
State-run Credit Information Corp. (CIC) is seeking P35 million from the national budget next year to upgrade database security, which currently contains credit data on 18.2 million borrowers.
CIC also asked for a P65 million budget to acquire software licenses.
[BUSINESSMIRROR] CIC wants P90-M subsidy to build up credit database
The country’s central credit registry is seeking a P90-million government subsidy for the next year as it gears toward improving its database management further.
PRESS RELEASE: CIC seeks P90M gov’t subsidy to ensure heightened security of Filipinos’ credit data
MAKATI CITY, 18 September 2020 – Credit Information Corporation (CIC), the country’s central credit registry and repository of credit information, sought the help of the Senate Committee on Finance in securing a P90 million subsidy for FY 2021, the bulk of which is intended for the se
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