GDS partners RenMoney Nigeria to deploy risk management solution

31 Aug 2015
Financial Nigeria

Summary

The agreement involves the delivery of GDS’s Decision Engine platform solution by RenMoney for credit evaluation.




RenMoney, a Nigerian Micro-Finance Bank, has signed a software licensing agreement with GDS Link, a global provider of customer-centric risk management, process automation and credit reference bureau solutions. The agreement, which was announced today by GDS, involves the delivery of GDS’s Decision Engine platform solution by RenMoney to implement its credit strategy and policy rules for the credit evaluation of their prospective customers applying for credit.  

Graham Lee, CEO of RenMoney, said “RenMoney is continuously improving its processes to better deliver the highest quality service to its customers. This partnership with GDS will help to improve the credit granting process for its Nigerian consumers, and therefore allow us to provide a better service to those customers.”

“We are confident this agreement is the beginning of a long lasting and valuable relationship with GDS,” Mr. Lee added.  

Paul Greenwood, President of GDS, said, “We are very proud to partner with RenMoney, and to help them in their efforts to grow and evolve their business. This is a key milestone for GDS’ continued expansion, as RenMoney is our first client in Nigeria and the Sub-Saharan African market.” Mr. Greenwood also expressed GDS’s confidence in the company’s credit risk management solutions and said the platform will contribute to the financial and credit culture development in Nigeria.

GDS will host the solution via its Software as a Service (SaaS) offering. The company specializes in the rapid implementation of custom credit scorecard models and enables companies to effectively manage risk of customers throughout their lifecycle.



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