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Consumer lenders start iScore integration
Consumer finance companies in Egypt have begun direct exchanges with "iScore" in an effort to reduce manipulation in the loan approval process. It is now mandatory for companies to connect instantly with the "iScore" system in accordance with the decision issued this month by the General Authority for Financial Regulatory Supervision. The aim is to decrease cases of customers defaulting on payments and to close gaps that previously allowed access to financing exceeding a customer's financial capacity, which had led to higher default rates in the past. The value of consumer finance approved during the first half of 2026 is estimated at approximately 66.7 billion Egyptian pounds, marking a 75.2% increase compared to the same period last year. Additionally, the number of beneficiaries has risen to about 7.9 million clients, an increase of 65%. This real-time connection is expected to enhance transparency and accuracy in approving and funding clients, reducing manipulation, and increasing the safety of consumer financing.
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