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Overview
The presidential directive freezing submission of negative data to the Credit Reference Bureaus (CRBs) comes to an end on 30th September 2022, having been in operation for the last 12 months. Equally, there have been a number of regulatory milestones achieved in regard to registration of data controllers and data processors as well as licensing of Digital Credit Providers. These reforms anchored on the Data Protection Act, 2019, the Central Bank of Kenya (Amendment) Act, 2021 and the earlier gazettement of CRB Regulations, 2020 have necessitated credit providers to recalibrate their lending operations to ensure full compliance.
In this regard, CIS Kenya seeks to empower credit providers to submit full-file, comprehensive, accurate, and timely data to CRBs. This training, therefore, seeks to improve compliance levels amongst lenders and ensure the credit market attains 100% data quality.
The training will cover:
· General principles on credit information sharing
· Legal reforms (recent regulations & directives)
· Impact of COVID -19 on the CIS mechanism
· Data submission methodology, challenges & solutions
· Minimizing consumer complaints
· Data submission case studies
Training Benefits will include:
· Effective compliance with legal & regulatory requirements
· Improved data quality threshold for effective decision-making
· Efficient & timely data submission
· Rationalization of human resources i.e, time and cost
· Minimization of disputes that occur due to data quality issues
Who should attend?
Credit Managers, Credit Analysts, ICT staff, and all staff engaged in CRB data submission in Commercial Banks, MFB's, MFI's, DFI's, SACCOs, Leasing Companies, and Digital Lenders.
Training Investment
Training cost and materials KES 30,000 PP for 2 days (Tax inclusive)
Speakers
Jared Getenga is the Chief Executive Officer, Credit Information Sharing Association of Kenya (CIS Kenya). He worked for the Central Bank of Kenya (CBK) for more than 20 years in Banking Supervision and Deposit Protection. His Banking Supervision experience was largely in policy formulation on banking sector stability.
He also worked as CBK-Appointed Statutory Advisor, Statutory Manager and Liquidation Agent in several troubled banks. Jared was later appointed Financial Sector Specialist with the Financial and Legal Sector Technical Assistance Project (FLSTAP), funded by the World Bank IDA, DFID and GOK for purposes of coordinating technical assistance to Kenya’s Financial and Legal sectors.
On secondment from CBK, he founded the Kenya Credit Information Sharing Initiative in 2019, as a vehicle to establish the credit information sharing (CIS) mechanism in Kenya. Having registered a nationwide credit providers Association (AKCP) in 2014, he was appointed founder CEO and helped develop mechanisms for self-regulation, alternative dispute resolution, credit scoring, credit risk management etc. He is a committee member of the Africa Credit Information Sharing Association (ACISA) and the International Committee for Credit Reporting (ICCR).
AKCP rebranded to CIS Kenya in order to align more closely to its mandate.
Lemuel
Mangla
Head of Policy & Compliance at CIS Kenya
Lemuel is a professional in the finance and credit sector with over ten years of hands-on experience. He is adept at leveraging data, technology, financial and interpersonal skills to provide demand-led solutions. Equally, He has a good understanding of credit markets having worked for Unaitas SACCO Society Ltd as a Credit Risk & Recovery Officer. He was instrumental in the development and implementation of digital credit products at Unaitas. He has also been a valuable team player in initiatives such as the transition of the Kenyan market to daily credit reporting under the Kenya Credit Information Sharing Strengthening project supported by the World Bank Group.
In addition, He conceptualized and implemented the CIS Learning Centre, an online learning portal that seeks to build the capacity of credit providers on credit information sharing and related areas such as data and technology. He is a member of the Institute of Certified Public Accountants of Kenya (ICPAK).
Job is an IT specialist in the credit reporting environment. Working closely with financial institutions to facilitate the generation, transmission, and use of credit information to the credit bureaus who collate the information and make it meaningful for us in credit risk management. As an enthusiast in Technology and credit risk management practices, he leads discussions that assist lenders in coming up with industry solutions to reduce risks associated with extending credit. Job is currently the Head of Projects & Technical Services at CIS Kenya.
Job holds a Bachelor of Science -IT Degree from Jomo Kenyatta University of Agriculture and Technology
and currently pursuing an MSc in IT Management at the University of Nairobi.
Specialty: Data Analyst
Hannah
Ndarwa
Head of Legal at CIS Kenya
Hannah is an Advocate of the High Court of Kenya with over 15 years’ experience in Commercial and Banking Law, Corporate Governance, Alternative Dispute Resolution, Sustainable Finance and Credit Information Sharing among other areas of legal practice. Hannah has interacted with the CIS mechanism since its inception having been nominated as the CIS champion by Stanbic Bank to represent it in the project team that led to establishment of CRBs in Kenya. She later joined CIS Kenya as its Head of Legal Services in year 2012 and has been instrumental in drafting and amendment of CRB Regulations all through.
She has solid experience on legal requirements, responsibilities and consequences of CRB data submission. Having served as the Registrar of Tatua Center, an ADR Center that has been running under CIS Kenya handling all CRB related disputes, Hannah has fast hand experience on how mistakes made by credit providers in submitting CRB data can be costly when courts are involved and is always glad to share such experiences to help credit providers avoid such pitfalls.
Sponsors and Partners
Organizer
Metropol Corporation Limited
Metropol was established in Kenya in 1996 as a business Information and credit management company. In 2006 Metropol partnered with GCR to provide credit rating services that enable corporates to raise capital and meet their financing needs.
Metropol is also licensed by the Central Bank of Kenya to provide Credit Reference Bureau (CRB) Services to ALL banks in Kenya. Our CRB services leverage full-file credit information sharing and alternative data sources from MFIs, SACCOs, HELB, Utilities, Mobile phone companies and providers of goods and services on credit to help customers improve their access to finance and increase the credit providers’ capacity to lend profitably to more customers.
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