Policybazaar, Al Etihad Credit Bureau to Run Real-Time Credit Score Eligibility Checks

Policybazaar, Al Etihad Credit Bureau to Run Real-Time Credit Score Eligibility Checks

PB Fintech FZ (‘Policybazaar UAE’), an online financial aggregator has entered into a technical/API integration with Al Etihad Credit Bureau (AECB) to implement real-time eligibility checks for credit card applications based on the AECB Credit Score and banks’ approval criteria. Customers of Policybazaar UAE can now apply for credit cards having an immediate indication of the chance of their application to be pre-approved based on their AECB Credit Score, which will be pulled automatically by the system. This pre-eligibility check will help enable banks to approve the application faster. Policybazaar.ae will bear the costs of the AECB Credit Score, which will be displayed real-time on-screen and delivered to the applicants via email by AECB.

Marwan Ahmad Lutfi, CEO of AECB said: “This new access channel will make our credit scores easily accessible by individuals through multiple digital distribution channels. Our system now allows marketplaces, aggregators, and potentially any digital platform to integrate with AECB’s systems through APIs. This will enable individuals in the UAE to obtain their AECB Credit Scores through digital channels thereby facilitating access to