The Egyptian Credit Bureau “Iscore” announced the launch of its new “Market Analytical Data” platform, designed to transform how banks in Egypt evaluate and manage their loan portfolios, according to the “Egypt Today” website.
According to the bureau, the platform will provide comprehensive insights into market dynamics by allowing users to analyze banks’ portfolios compared to the banking sector and competitors over a 12-month.
The newly introduced platform aims to facilitate real-time monitoring and in-depth analysis of various credit products, including valuable data such as the number of customers who have obtained them and limits granted.
Banks will be able to assess the performance of their loans against industry standards and competitors, evaluating metrics such as customer acquisition, loan limits, and utilization rates.
By covering various credit facilities, including car loans, credit lines, and personal loans, the platform empowers banks to accurately gauge their market share and competitive positioning.
The platform’s key features include graphical representations that categorize data by customer demographics and age groups.
The statement added that the platform will support risk management departments within banks by swiftly and accurately identifying strengths and vulnerabilities within loan portfolios.
The platform, accessible through a user-friendly web application, offers intuitive charts and comparison tools, making complex data accessible and actionable for banking professionals across different functions.
