October 2021 Digest – New Dawn for CIS
Following approval of the Code of Conduct by CBK on 18th May 2021, CIS Kenya has prepared a roadmap for on-boarding third-party CIPs into the CIS mechanism in accordance with the Code of Conduct and is in discussions with CBK, all licensed credit bureaus and FSD Kenya to ensure smooth and speedy implementation.
Some of the key concerns that will be addressed by the Industry code of conduct include;
- Data quality.
- Consumer protection.
- Customer-centricity .