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How do credit information systems (CIS) help ensure financial stability ?
in Mathematics by Diamond (62,244 points) | 22 views

1 Answer

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Credit information systems (CIS) help ensure financial stability by enabling responsible access to finance. They also can play an instrumental role in expanding access to credit and other services on credit to the underserved and unbanked. CIS facilitate lending processes by providing objective information that enables lenders to reduce their portfolio risk, reduce transaction costs, and expand their lending portfolios. By doing so, credit reporting systems enable lenders to expand access to credit to creditworthy borrowers, including individuals with thin credit history, microentrepreneurs, and SMEs.
by Diamond (62,244 points)

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