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بوابة الفجر
Financial Authority Adds Behavior Analysis to Customer System
The General Authority for Financial Control issued a decision requiring consumer finance companies to utilize behavioral analysis assessments of customers through alternative data via the credit bureau company (Y Score). The goal is to enhance the accuracy of creditworthiness evaluation and reduce default risks. The implementation of this system will commence on April 1, 2027, once the system is ready. It aims to improve data verification procedures and decrease default cases, as part of the Authority's efforts to develop the regulatory framework and enable more efficient financing operations.
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