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A key benefit in facilitating cross-border access to credit databases lies in improving access to finance for some categories of applicant borrower who are more difficult to assess, Eurofinas argues.
“Facilitated access is particularly important for lenders which have little internal data on the applicant borrower” Eurofinas’ Director General Tanguy van de Werve said. “Likewise it is essential for lenders who have few or no face-to-face contacts with the applicant borrower, such as those specialised in e-credit or point of sale finance.”