Digital bank by Emirates NBD to offer customers access to the AECB Credit Score

Tuesday 17 March 2020 05:13 CET | News

Liv., a lifestyle digital bank by Emirates NBD, has teamed up with Al Etihad Credit Bureau (AECB) to provide customers easy access to their AECB Credit Scores.

Thus, the digital-only bank’s customers will be able to access their AECB Credit Score by simply clicking on the Credit Score option on the Liv. app. The AECB Credit Score is the first credit scoring system for the UAE and it is exclusively developed to predict the likelihood of individuals and companies to make their loan and credit card payments on time, based on previous credit and payment behaviour.

The Credit Score is a three-digit number, ranging from 300 to 900 with a lower score indicating a higher risk and likelihood of missing debt payments, and is available to all UAE banking customers via the AECB app.

So far Liv. has over 300k customers and has been establishing itself as the bank of choice among the new generation in the UAE, according to the bank’s website. Moreover, ‘since its inception, Liv. has been dedicated to increasing financial literacy and encourage a savings culture among UAE youth, particularly through innovative features such as the Goal Account’, said Jayash Patel, Head of Liv.
More: Link

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Emirates NBD, Liv., digital banking, banks, credit scores, UAE, Al Etihad Credit Bureau, AECB
Categories: Banking & Fintech
Countries: United Arab Emirates
This article is part of category

Banking & Fintech