Frost &
Sullivan
recognises
Nigeria’s
CreditRegistry
Services
MRI Software acquires real
estate software company
MDA Property Systems
F
rost & Sullivan has recognised Nigeria
based CreditRegistry Services (CRS) with a
Product Leadership Award. This is based on its
recent analysis of the credit reporting and risk
management enterprise software industry.
CRS has a history of industry firsts, including
the integration of facial and fingerprint
biometrics into a credit reporting platform
and the introduction into the market of
credit scores, also known as SMARTScores.
Jameelah Sharrieff-Ayedun, CreditRegistry
Managing Director, said: “This is a noble
achievement for our organisation and a
continuation of a tradition of firsts. We shall
continue to take on big challenges and
deliver innovative solutions that help our
customers succeed.”
Fadzai Deda, Best Practices Research Analyst,
said: “Prior to the Central Bank of Nigeria
(CBN) licensing CreditRegistry Services as
one of the three credit bureaus, CRS was
already in the market, developing software
to increase visibility of consumer credit
records across all Nigerian banks. They
partnered with the Credit Risk Management
Association of Nigeria to conduct an
evaluation of its software with 48 out of
then 90 commercial banks, obtaining a 94%
approval rating.”
To counter concerns about privacy, CRS
employs both fingerprint and facial biometrics
and two-factor authentication to ensure
data records are only available to authorised
users. Clients can also detect anomalies in all
stored records within their internal systems to
prevent fraudulent activity.
www.intelligentcio.com
M
RI Software, a global leader in
real estate software solutions,
has announced the acquisition of
MDA Property Systems, a property
management and accounting software
company based in Cape Town.
MDA Property Systems dominates the
South African real estate market, with
approximately 5,000 users and 70%
of South Africa’s listed real estate
investment trusts (REITs) using the
company’s software.
With commercial and residential clients
throughout Africa and the Middle East,
MDA further expands MRI’s fast-growing
presence in the EMEA region.
“Africa and the Middle East represent
important growth markets for global
investors and, therefore, are key to MRI
Software’s rapid worldwide expansion,”
said Patrick Ghilani, Chief Executive
Officer of MRI Software.
“MDA Property Systems has a stellar
reputation in these markets, and they’ve
built an extremely loyal following for their
innovative and intuitive solutions.
“MRI also has a rich legacy in the region,
having served the African market for more
than two decades. Uniting the strengths
of both companies, we are well positioned
to bring a comprehensive set of real estate
software solutions to the region.”
MDA clients will benefit from increased
investment and innovation into the
company’s core solutions. MRI’s
multinational clients can leverage MDA’s
capabilities to work more effectively in
the Southern African market.
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