Compuscan

Compuscan is a South African credit bureau that provides consumer and commercial credit information within South Africa and other African nations.

Founded in 1994 and headquartered in Stellenbosch, South Africa, Compuscan is a subsidiary of South African-based Compuscan Information Technologies.[1] The company, which was originally focused on providing credit history reporting for microcredit transactions, is among South Africa’s leading credit bureaus and is a member of the nation’s Credit Bureau Association.[2][3][4] The company also provides microcredit reporting services in the neighboring republics of Botswana[5] and Namibia.[6]

In 2006, Compuscan was selected by the Bank of Uganda to build the first-ever Ugandan Credit Reference Bureau.[7] This system, which was formally introduced in 2008, required Ugandan financial institutions to issue smart cards to their borrowers as part of a borrower identification program.

References

  1. ↑ "Borrowers credit history to be recorded on smart cards," New Vision (Uganda), 28 April 2008
  2. ↑ "The Credit Scoring Toolkit," by Raymond Anderson, Google Books
  3. ↑ "Credit Repair Agents Cannot Remove Blacklisted Name," Cape Argus, 24 November 2005
  4. ↑ "Credit bill aims to pull loan sharks' teeth," The Independent (South Africa), 14 August 2005
  5. ↑ "Who Watches the Watchman?", Mmegi Business Week, 22 July 2005
  6. ↑ "Namibia: Financial System Stability Assessment," International Monetary Fund, February 2007
  7. ↑ "Uganda launches credit reference agency," Reuters, 4 December 2008

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