This integration lays out an analytical framework for customers in UAE
PB Fintech (Policybazaar UAE), an online financial aggregator has entered into a technical/ API integration with Al Etihad Credit Bureau (AECB) to implement real-time eligibility checks for credit card applications based on the AECB Credit Score and banks’ approval criteria.
Customers of Policybazaar UAE can now apply for credit cards having an immediate indication of the chance of their application to be pre-approved based on their AECB Credit Score, which will be pulled automatically by the system.
“This new access channel will make our credit scores easily accessible by individuals through multiple digital distribution channels. Our system now allows marketplaces, aggregators, and potentially any digital platform to integrate with AECB’s systems through APIs,” asserted Marwan Ahmad Lutfi, CEO, AECB.
“This integration will offer our customers an instant and convenient access to their AECB credit scores on Policybazaar.ae platform. This integration lays out an analytical framework for customers in UAE to make informed financial decisions while having immediate access to their financial information,” stressed Neeraj Gupta, CEO, Policybazaar UAE.
The AECB Credit Score is a three-digit number that indicates how likely customers are to make their payment obligations on time based on past payment behaviors, which in essence identifies an individual’s creditworthiness. AECB calculates the Credit Score using information it regularly collects from financial and non-financial institutions in the UAE.
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