Liv. to Offer Customers Instant Access to Credit Score

Business

Liv. to Offer Customers Instant Access to Credit Score

Liv., the way of life digital bank by Emirates NBD for millennials today announced that they are collaborating with Al Etihad Credit Bureau (AECB) to provide customers very easy and immediate access to their AECB Credit Score, by simply clicking on the CreditCheck feature on their Liv. app.

The new service is unique to Liv. and is lined up with the mobile-only bank's commitment to enabling a healthy economic way of living amongst its digital-savvy client base. Liv. was established in 2014 according to UAE Vision 2021's objective of developing a smart innovation-driven economiy, and is currently the fastest expanding bank in the country on the back of its unique lifestyle-led recommendation and intuitive tools that assist customers monitor their daily regular and funds on one app.

" With over a 100,000 customers now, Liv. is rapid ending up being the bank of choice for young customers in the UAE," said Suvo Sarkar, Senior EVP & Group Head-- Retail Banking & Wealth Administration, Emirates NBD. "Liv. is a key column of our growth approach and we will continue to boost the platform via new services and tactical collaborations that help our millennial customers obtain one of the most out of their cash and their daily life."

" Using easy accessibility to your credit report via Liv. builds on our unique proposal as a mobile-only financial 'buddy' for young customers," said Jayash Patel, Head of Liv. "As credit rating gains significance in the UAE, we intend to enlighten and lead customers to help them much better manage their financial resources today for a much healthier financial future."

Along with watching their credit rating, Liv. customers could additionally view their financial obligation worry proportion (regular monthly funding and card settlements as a percentage of their income) as well as gain access to pointers on how to keep a healthy and balanced credit rating by ensuring normal payments, borrowing wisely, and following other healthy and balanced economic methods.

The AECB Credit Score is the very first credit report system for UAE's retail banking customers that aids predict the likelihood that customers will make their loan and credit card settlements in a timely manner, based on previous credit and settlement behavior. The Credit Score is a three-digit number, ranging from 300 to 900 with a reduced score showing a greater threat and chance of missing debt settlements.