CIS ValiData – An Innovative Tool for Efficient Data Validation and Submission of Credit Information to Credit Reference Bureaus
In 2017, the Central Bank of Kenya (CBK) constituted a technical working group (TWG) to identify candidate proposals aimed at reforming and streamlining Kenya’s Credit Information Sharing (CIS) mechanism. The objectives of the TWG were to: (i) review and revise the data specification template that is used for the submission of credit information to the three licensed Credit Reference Bureaus (CRBs); (ii) standardise the rules applied by the CRBs when validating the data submitted; (iii) recommend an appropriate model for the validation and submission of credit information; and (iv) harmonise the interpretation of credit scores based on the credit information …
CBK and CIS Kenya Sign Strategic Partnership to Strengthen Credit Information Sharing and Financial Sector Capacity Building
The Central Bank of Kenya (CBK) and the Credit Information Sharing Association of Kenya (CIS Kenya) signed a Memorandum of Understanding (MOU) on October 6, 2025, to deepen collaboration in advancing Kenya’s credit information sharing framework and financial sector capacity building. The signing ceremony took place at the CBK Institute of Monetary Studies (CBK IMS) in Nairobi. The partnership reaffirms CBK’s continued support for the Credit Information Sharing (CIS) ecosystem. It also acknowledges CIS Kenya’s evolution from 2009 when it was established as a joint initiative between CBK and the Kenya Bankers Association (KBA) with support from the Financial Sector …
CIS Kenya to Revolutionize Credit Data Quality as CBK Approves Game-Changing ValiData Tool
The Credit Information Sharing Association of Kenya (CIS Kenya) has announced that it recently received approval from the Central Bank of Kenya (CBK) for its innovative CIS ValiData tool. This cutting-edge data validation and submission solution is set to revolutionize how credit providers share data with licensed Credit Reference Bureaus (CRBs). The CIS ValiData tool is a key component of CIS Kenya’s strategy to foster a transparent and efficient credit market by ensuring the accuracy and reliability of credit information. During the development and pilot phase, the tool has already demonstrated its capacity to significantly reduce errors and improve compliance. …
Charting a Course for a Resilient Kenyan Credit Market: Lessons from the CIS Kenya Credit Market Growth Summit 2025
As we navigate mid-2025, the Kenyan credit market finds itself at a critical juncture, shaped by the significant political realignments of 2024, including the public protests and subsequent government changes and an unsettled global economic landscape. Against this backdrop, The Credit Market Growth & Resilience Summit held on July 24–25, 2025, brought together a diverse group of experts, thought leaders, and industry peers. The mission was clear: to equip participants with the knowledge and tools needed to validate and recalibrate their credit strategies for competitiveness, ultimately charting a course for a more resilient and sustainable market.The summit’s theme, “Empowering the …
Empowering Women Through Financial Inclusion: Building a Sustainable Future
Adah Mukubi, CIS Kenya Mercy Nehema, Creditinfo Kenya Lukania Makunda, FSD Kenya Jackline Ogero, KWFT “The MSME Loan Performance Report 2024 highlights that women entrepreneurs are more likely to face collateral challenges due to lower asset ownership compared to men. This calls for innovative solutions, such as group-based lending models, flexible repayment schedules, and alternative credit scoring mechanisms that consider women’s informal financial activities. By designing products that align with women’s lived experiences, financial institutions can unlock their full economic potential.” Key Insights from the CIS Kenya International Women’s Day Webinar Financial inclusion is a cornerstone of economic growth and social transformation. …
The CIS ValiData
1. CIS ValiData Tool We are thrilled to introduce the CIS ValiData Tool – a solution designed to make credit information sharing faster, more reliable, and easier for financial institutions. If you’re wondering how this tool works and why it’s so important, let us break it down for you. 2. What Is the CIS ValiData Tool? It is a tool that helps credit providers check their credit data for errors before sending it to the credit bureaus. Think of it as a “data proofreader” that ensures everything is accurate and meets the required standards. By catching errors early, the tool …