The Central Bank of Congo upgrades its risk assessment software
The Central Bank of Congo has acquired the ISYS-CERI software in a bid to modernise its risk assessment system, it was revealed on April 29th.The Central Bank of Congo has acquired the ISYS-CERI software in a bid to modernise its risk assessment system, it was revealed on April 29th.
The new system now integrates micro-finance institutions, savings and credit cooperatives as well as the Fund for the Promotion of Industry and the Development Finance Corporation, Le Potentiel newspaper reports.
It will take into account more information about the precise identification of borrowers and completeness of loans without any threshold limit.
BCC governor Jean-Claude Masangu Mulongo told L'Observateur newspaper that the institution is committed to significantly improve the services of the existing risk assessment system, based on standards set by the International Finance Corporation, including the quality and completeness of information, access to the database as well as user satisfaction.
Thanks to this system, financial institutions will be able to better appreciate the risks they face, especially the amount of overall client indebtedness over the entire banking system.