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Financial Authority requires real-time 'iScore' links
The General Authority for Financial Regulatory issued two decisions requiring consumer finance companies and small and micro enterprises financiers to establish real-time links with the credit reporting company "I Score." This measure aims to improve the accuracy of financing decisions, monitor clients’ situations instantly, reduce the risk of non-repayment, and strengthen the financial stability of the financial institutions. Companies are required to complete the electronic connection within three months, in order to enhance operational efficiency and ensure a more accurate and transparent assessment of creditworthiness.
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