Raqami Islamic Digital Bank Partners with Tasdeeq for Enhanced Credit Enquiry Services
In a strategic move to bolster its credit enquiry capabilities, Raqami Islamic Digital Bank has signed a basic agreement with Tasdeeq. This partnership is set to leverage Tasdeeq’s extensive database and alternative credit data sources, including power, gas, and water usage, to deliver significant value to the banking industry, particularly digital banks.
Tasdeeq’s innovative approach to credit data collection and analysis promises to provide deeper insights and more comprehensive credit assessments. By incorporating utility data, Tasdeeq can offer a more nuanced view of a customer’s creditworthiness, which is especially beneficial for digital banking institutions aiming to serve a broader and more diverse clientele.
As part of the agreement, Raqami Islamic Digital Bank and Tasdeeq will collaborate on pilot projects designed to showcase the potential of these advanced credit enquiry methods. These pilots are expected to set new standards for the industry and demonstrate the practical applications of alternative credit data in enhancing credit evaluation processes.
This partnership underscores Raqami Islamic Digital Bank’s commitment to innovation and its proactive approach to adopting cutting-edge solutions to meet the evolving needs of its customers. The collaboration with Tasdeeq not only aims to improve the accuracy of credit assessments but also to expand financial inclusion by providing more individuals with access to credit.
Through this alliance, both Raqami Islamic Digital Bank and Tasdeeq are poised to lead the way in transforming credit enquiry practices within the digital banking sector.
About Raqami Islamic Digital Bank:
Raqami Islamic Digital Bank is a pioneering financial institution dedicated to providing Sharia-compliant banking services through digital platforms. Founded with the mission to merge Islamic banking principles with cutting-edge technology, Raqami offers a wide range of products and services tailored to meet the needs of modern customers. The bank emphasizes transparency, ethical practices, and customer-centric solutions, ensuring a seamless and secure banking experience. By leveraging advanced digital tools, Raqami aims to enhance financial inclusion and provide accessible banking services to a broader audience.
About Tasdeeq:
Tasdeeq is a leading credit information and data analytics company specializing in providing comprehensive credit assessments. Utilizing an extensive database and alternative data sources such as utility payments (including power, gas, and water), Tasdeeq delivers a more holistic view of an individual’s creditworthiness. The company’s innovative approach to credit scoring and data analytics helps financial institutions make better-informed lending decisions. Tasdeeq’s services are designed to enhance the accuracy of credit evaluations, reduce risk, and support financial inclusion by offering insights that traditional credit data may overlook.
