Creditinfo Jamaica is a joint venture between Creditinfo Group Hf of Iceland and local partners Coalesce Credit Solutions Limited. The primary goal of Creditinfo Jamaica is to be an early, if not the first, entrant into the Credit Bureau market in Jamaica and offer a diverse range of credit reporting solutions.
We have a team of experienced Jamaican and international professionals with strong management and technical backgrounds complimented by key strategic relationships throughout the financial sector. With this combination we have created a solid framework for the development of a world class Credit Bureau business in Jamaica.
In August 2010, Jamaica’s Parliament passed “The Credit Reporting Act 2010” to “Provide for the sharing of credit information between specified bodies, the licensing of credit bureaus and for connected matters”. The Act is created to “ensure that credit reporting is done through reasonable procedures that meet the needs of commerce for credit information in a manner that is fair and equitable to the consumer”. It will ensure that the Credit Bureaus in regard of the information stored and distributed ensure the following: a) Confidentiality; b) Accuracy; c) Relevance; and d) Proper Utilization.
Creditinfo Jamaica applied to the regulatory body, the Bank of Jamaica, for a license to operate a full service Credit Bureau in Jamaica. We were the first company to be approved and granted a licence by the Minister of Finance on March 7, 2012 based on the recommendation of the Bank of Jamaica.
Creditinfo Jamaica will bring to market within a 3-6 month period a range of products and services that will transform the way business is conducted in Jamaica and we look forward to serving the nation.