Al Etihad Credit Bureau (AECB) has entered into a technical or API integration with online financial aggregator Policybazaar UAE to offer real-time eligibility checks for credit card applications based on the AECB Credit Score and banks’ approval criteria.
According to the statement, the customers of Policybazaar UAE can now apply for credit cards and receive an instant indication of their chances of being pre-approved based on their AECB Credit Score, which is obtained automatically by the system.
This pre-eligibility check will allow banks to approve applications more quickly. “Policybazaar.ae will bear the costs of the AECB Credit Score, which will be displayed real-time on-screen and delivered to the applicants via email by AECB,” as per the company.
Marwan Ahmad Lutfi CEO – AECB
“This new access channel will make our credit scores easily accessible by individuals through multiple digital distribution channels. Our system now allows marketplaces, aggregators, and potentially any digital platform to integrate with AECB’s systems through APIs. This will enable individuals in the UAE to obtain their AECB Credit Scores through digital channels thereby facilitating access to credit information and making the credit score an integral part of business practice.”
“This integration will offer our customers instant and convenient access to their AECB credit scores on Policybazaar.ae platform. This integration lays out an analytical framework for customers in UAE to make informed financial decisions while having immediate access to their financial information. After knowing their actual credit history, customers can create different credit scenarios by evaluating themselves before leaping their next purchase,” commented Mr. Neeraj Gupta, CEO at Policybazaar UAE.
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