Job Mariga – CIS Kenya

Legal Notice 225 of 2021

Job Mariga — Wed, 05 Jan 2022 05:59:23 +0000

Legal Notice 225 of 2021 suspended sharing of some aspects of negative information sharing for a period of 1 year from October 2021 to September 2022.http://t.ly/EUsC

Approved Code of Conduct by CBK

Job Mariga — Tue, 18 May 2021 07:46:00 +0000

Approved by the Central Bank of Kenya under Regulation 24 (8) of the Banking (Credit Reference Bureau) Regulations, 2020 on 18th May, 2021 Download

Technical Assistant Position – 3 Posts

Job Mariga — Thu, 09 Jul 2020 09:19:48 +0000

CIS Kenya is embarking on a six-month program aimed at ensuring that unregulated lenders meet strict criteria before joining the CIS mechanism. This will involve evaluating, among others, the quality of their data processing systems, their capacity to submit quality data to the CRBs, and their ability to address complaints raised by their customers regarding the accuracy of information submitted to the CRBs regarding them. This evaluation exercise will be supported by a few technical assistants. To find a detailed TOR Please follow this link. To apply please follow this link.

MFI Capacity Assessment

Job Mariga — Wed, 08 Jul 2020 12:25:32 +0000

CIS Kenya in determining the level of preparedness by various institutions conducted a capacity assessment on their ability to participate in the CIS mechanism. The MFI Assessment was financed by FSD Kenya which has been a keen partner to ensuring that the data submitted to the CRBs is reliable and credible in reaching credit decisions. To read the contents of the findings Read more…

Draft CIS National Policy

Job Mariga — Mon, 02 Dec 2019 07:59:34 +0000

Kenya has never had a formal CIS policy. This paper is the first attempt to do so. Thus, while this Policy Paper is mostly a response to current developments, the failure of a formal policy, from the outset, has had repercussions. For example, despite global best-practise encouraging the sharing of positive and negative data, Kenya started out sharing negative credit data only. Read more..

A New Era in CIS Digest

Job Mariga — Fri, 25 Oct 2019 07:10:13 +0000

In this digest, we feature articles on the CIS Learning Centre, Daily Submission and a summary of Data Specification Template version 4, RegTech-a conversation we will hold at the 5th Regional CIS Conference 2020 and an opinion piece on Google’s advertising policy on short term loans. Read the digest here

Data Protection Act, 2019

Job Mariga — Thu, 19 Sep 2019 07:42:43 +0000

The Data Protection Act was enacted in 2019. Members of CIS Kenya have been provided with summary of requirements as well as the roles each of their department is expected to take to ensure compliance. Members are encouraged to read and understand the full Act to ensure they are protected from legal risks that may arise on non-compliance. link

Interest Rate Ruling-Petition_413_of_2016-Interest Cap

Job Mariga — Tue, 23 Apr 2019 09:45:32 +0000

This is the ruling determining the constitutionality of the interest rate cap that was effected in 2016.

Download the Petition_413_of_2016-Interest Cap

4th Regional CIS Conference Report

Job Mariga — Thu, 20 Dec 2018 13:17:20 +0000

The explosion of mobile lending is severely limiting human interaction, and causing social apprehensions (such as over-indebtedness) and data protection concerns. On the other hand, the emerging disruptions are successfully promoting a cashlight economy and challenging traditional approaches to KYC, probability of default, and changing the dynamics of access to finance. On their part, risk managers are inquisitive about effectiveness of emerging risk assessment models and their integration with traditional scoring methodologies while policy makers are concerned about implications on consumer protection and financial sector stability. The 4th CIS Regional Conference was organised to shed light on some of these issues in the context of complementarity between digital lending scorecards and credit bureau scoring models. It also gave practitioners from other parts of the world an opportunity to learn from Kenya the impact on financial access, risks and risk mitigants as well as policy responses to the fintech disruption in East Africa.
Download Report

Transition Digest

Job Mariga — Sat, 10 Nov 2018 07:49:33 +0000

Transition Digest Oct 2018