Amman:The Institute of Banking Studies (IBS) and CRIF Jordan have entered into a memorandum of understanding (MoU) to enhance credit awareness and develop skills in risk assessment among financial and banking sector personnel. The agreement, signed on Sunday, focuses on specialized training and awareness programs concerning the application of credit information in financing decisions.
According to Jordan News Agency, the MoU was signed by IBS Director Riyad Al-Hindawi and CRIF Jordan General Manager Ahmad Amoudi. This partnership aims to improve knowledge of creditworthiness and raise awareness among institutions, individuals, and businesses.
Al-Hindawi highlighted that the agreement supports the institute's goal of developing financial competencies, leveraging CRIF Jordan's expertise in training activities related to credit reports and risk indicators, thereby enhancing operational efficiency in financial institutions. He stressed the significance of combining professional training with community awareness, as understanding credit information extends beyond banking personnel to individuals and companies.
Amoudi remarked that the collaboration is a crucial step toward increasing the use of credit data. He emphasized that quality financing decisions depend on the proper interpretation and analysis of available data in risk assessment. CRIF Jordan aims to educate data providers and entities licensed by the Central Bank of Jordan about credit reports and risk metrics, while also promoting a broader understanding of creditworthiness among individuals and corporations.
The MoU includes the organization of short courses, seminars, and workshops, along with joint awareness campaigns on credit evaluation and improving credit scores. The partnership seeks to enhance comprehension of credit histories' impact on financial transactions, promoting responsible access to finance.