BCB Biometric Credit Bureau is a credit bureau for the informal financial sector in sub-Saharan Africa.
BCB equips its customers - informal financial institutions (microfinance) - with easy to handle IT solutions allowing them to capture, process, and analyze client information electronically.
The company's Mobile Office (tablet PC with fingerprint scanner attached) facilitates capturing of KYC information, giving out loans, handling savings and repayments. Instant data transmission to BCB's cloud-based servers via 3G enables real-time data analysis. Data is made available to customers via browser-based MIS/CRM systems.
As a result BCB builds a unique data base on the large bottom-of-pyramid population, Africa's future middle class, based on which individual credit scores/reports will be generated and sold to financial institutions to back up their loan decisions.
Sector transparency increases, risk is reduced, access to finance becomes more affordable.