Who We Are
CreditRegistry Nigeria, officially registered and licensed by the Central Bank of Nigeria (CBN) as CR Services (Credit Bureau) Plc., is Nigeria’s preferred credit bureau. Our company, in strategic technical partnership with CreditRegistry Corporation USA (“CRUSA”), has laid the foundation for fraud-proof, large-scale consumer and small business credit in Nigeria. CreditRegistry pioneered the world’s first integration of advanced biometric technology into a credit bureau system. Our services and robust solutions help members to efficiently manage the entire credit cycle to grow revenue and reduce risk. Selected as one of Africa’s top 20 most innovative companies by Financial Technology Magazine and awarded the Product Leadership Award for credit reporting and risk management enterprise software by Frost & Sullivan, our passion is to help our customers succeed!
The Company was incorporated on January 3, 2003 as CR Services Limited and, in January 2007, admitted new shareholders and became a public liability company following a successful private placement. Trusted with Nigeria’s largest credit information database of over 40 million records (Individuals and Businesses), our members include 100% of the commercial banks, mortgage banks, microfinance banks, merchant banks, finance companies, development finance institutions, telecom operators, courier companies and other service providers.
As a modern credit bureau company focused on innovative solutions, we provide a bouquet of customer acquisition and risk management services in order to drive ones lending business through the entire credit cycle (i.e. from ‘planning’ to ‘write-off’).
Our Products and Services
Credit Report, SMARTScore, Portfolio Monitoring Report, BVN Discovery Service, Enhanced Search List, Campaign Report, Skip Tracing Report, Predictive Analytics, Service Information Packet, Credit Monitoring Service, Market Insight Report, Supplier/Business Background Checks, Employment & Address Verification, KYC and Dud Cheque Report, Customer Acquisition & Enrolment, Customer Identification & Fraud Prevention, Credit Risk Gap Analysis & Consulting and Credit Risk Management Training.
To be Nigeria’s #1 provider of insightful solutions that enable creditors and consumers to establish trust quickly and engage in mutually advantageous business.
To be the premier information provider in every financial transaction, bringing about new levels of social accountability, improved standards of living, and rapid economic growth.
Core Values (EPIC)
Excellent Customer Experience
Passion and Innovation
2001 This marked the year when the vision to pioneer a private credit bureau was born. Biometric technology was integrated into the credit bureau system later that year.
2002 In 2002, CreditRegistry Corporation conducted pilots and feasibility studies with 6 Nigerian banks and went on to receive a letter of commendation from the CBN Credit Risk Management System (CRMS) Team.
2003 January 3, 2003 CR Services Ltd. was incorporated in Nigeria. We then went on to partner with the Credit Risk Management Association of Nigeria (CRIMA) to conduct technical trials with 48 commercial banks for which we received 94% approval ratings. By December 2003, our credit bureau went LIVE with 2 banks uploading credit history of over 60,000 records.
2004 - 2006 In a land mark achievement, the company introduced facial biometrics into the CreditRegistry platform in 2004, thus becoming the first credit bureau in the world to achieve such a feat.
2007 By 2007, the company had capitalized to One Billion Naira and became a public liability company.
2008 The company diversified its subscriber base to include non-bank creditors.
2009 We obtained Approval in Principle (AIP) from the Central Bank of Nigeria (CBN) to operate as a licensed credit bureau in Nigeria.
2010 The company obtained a Final Operating License from CBN in 2010. NOTAP approval was obtained. Pioneer status was granted to the company by NIPC.
2011 This was also the year that the company's database hit the 10 million records mark. We also released a new product Portfolio Monitoring Report.
2012 We achieved 100% coverage of commercial banks with a database in excess of 12 million records. The company rolled out a new product known as 'Campaign Report'.
2013 2013 marked our 10th year anniversary and the year that we declared profit. Our database grew to over 14 million records and we became the first bureau to offer credit bureau scores in Nigeria.
2014-2016 Company hit profitability at an 858% increase from 2013. Our database grew to over 40million records from a diverse range of subscribers.
Board of Directors
Capt. Adeyemi Dare
His managerial and executive experience in ExxonMobil include responsibilities spanning a broad and complex spectrum of functions and geographic locations. These include the management of Aviation (airplanes, helicopters, airports and heliports); Marine (boats, vessels and tanker mooring); Land Transportation (company cars, buses and heavy equipment); Fuels (jet A1, AGO and PMS); Shore Base (vessel docks and staging areas, warehouses and oil pipes and drilling equipment/supply stacking areas); and Logistics Coordination with annual expense budget in excess of $250M USD and personal strength of more than a thousand two hundred people. He also served as a Logistics Manager for the ExxonMobil Europe, Africa and Middle-East (EAME) Regional Response Team (RRT) where he led the logistics function in regional emergency preparedness exercises and response to real emergencies.
He was appointed Director, Operations and Training at the NCAA in the aftermath of the disastrous plane crashes of 2005 where he, together with Dr. Demuren, the Director General, completely turned the oversight environments in the Nigerian aviation industry around. He was responsible for the certification and recertification of all domestic airlines and the oversight of same and foreign airlines, charter and private aircraft operations in Nigeria. The benefit of this was the drastic improvements in the standards and safety that he and his team brought about which revolutionized air travel in Nigeria. He was appointed the Chairman of the NCAA Flight Standards Group, which combined the four directorates (Directorates of Airworthiness Standards, Directorates of Licensing, Directorate of Aero-Medical Standards and Directorate of Operations and Training) into one cohesive unit. He led the team that wrote the Nigerian Civil Aviation Regulations of 2009, the accompanying Inspectors Technical Guidance Materials and Industry Advisory Circulars.
He represented Nigeria as a standing member of the Steering Committee for the ICAO (International Civil Aviation Organization) regional safety group, Cooperative Development for Operational Safety and Continuing Airworthiness Program for the Banjul Accord Group of States (COSCAP-BAG). He was also the NCAA Team Lead for the World Bank West and Central Africa Air Transport Safety and Security Project (WCAATSSP) and the Contact Director for the United States FAA (Federal Aviation Administration) technical assistance program for the preparation of Nigeria for the FAA IASA Category I certification program.
He was the founding Managing Director and Chief Executive Officer of Triton Aviation Limited, an executive air charter and allied services provider and is currently the Principal Consultant of Iolair Nigeria Limited, an aviation management consultancy company.
Managing Director/ Chief Executive Officer
From 2014-2016, Mrs. Ayedun successfully grew Company from a loss position to profitability by 858% over the period. Prior to this, she served as the Executive Vice President, Business Development where she focused on strategy that ultimately accelerated subscription from 100% of commercial banking space and increased sales with 5-year average YOY revenue growth of 202%.
Prior to her impact in the credit bureau industry with the Company, Jameelah spearheaded efforts on identity management and online services with Microsoft Corporation as Global Program Manager, Shanghai PRC from 2006-2008 and a Technical Program Manager, Redmond, Washington USA 2002-2006. With a passion to create, from 1991-2001, she had a rewarding career with General Motors in North America, South America and Europe.
Mrs. Ayedun is a co-Founder of CreditRegistry Corporation, a software technology company headquartered in Washington State. For her philanthropic efforts, she was nominated for the Jefferson Award for Extraordinary Public Service for Washington State, USA. Today, she sits on the board of small enterprises and non-profit organizations and is the former President-elect and 1st Ambassador of the American Women’s Club in Nigeria.
Mrs. Ayedun received the highest presidential honor, the Stryker Award, from Illinois Institute of Technology (IIT) where she received a BSc in Electrical Engineering. She is an active member of the Institute of Directors (IoD) and Institute of Electrical & Electronics Engineers (IEEE). She is a Dale Carnegie graduate and recent graduate of Seed Transformation Program, Stanford Graduate School of Business (2017).
As Director (West Africa) for Temenos Banking Software, his regional responsibility included growing revenues, products and solutions delivery, partners and clients relationship management. Leveraging his extensive knowledge of the region’s financial industry, he refocused Temenos product and services in regaining its market leading banking software brand in an increasingly competitive market. With access to key decision makers across banks and financial institutions, and working with regional partners, he revamped the regional sales and business development team result of which were: significant growth in revenue, improved cash collections and major uplift in Temenos sales pipelines.
Building on an environment that stimulates creative thinking and innovation towards continuous improvement, as a General Manager in Guaranty Trust Bank, Yinka successfully led an enterprise approach to GTB’s risk management framework. He was recognized for the implementation of its enterprise-wide risk management framework by embedding ERM culture in all its business operations, services, product offerings and decision making with the ultimate aim of maximizing shareholders’ values across GTBank’s operations.
Ralph is a forward thinking executive management team member, a strong team player with excellent influencing and negotiating skills. He is able to bring energy, enthusiasm, commitment and confidence, knowledge credibility both internally and externally through diverse sector knowledge, and professionalism gained across multi-national organizations some of which include; Santander, Procter & Gamble, Siemens, Coca Cola CCE, BGC Partners, Control Solutions. He studied Computing at North London University, United Kingdom.
Fatumata Soukouna Coker
Mrs. Soukouna Coker passion for Technology was solidified with her nearly 10yrs with IBM. She joined IBM 1999 -2008/9. She started as a Sales Territory Rep in the education industry covering the second largest school district in the US, quickly moved to a Senior Sales Public Sector Specialist covering the mid-westerns states and by her 5th year she had not only developed the sales enablement program across sectors, she was managing the sales enablement programs across all sectors. In 2005 she was invited to join the IBM SOA worldwide team to help develop and management the brand’s go-to-market strategy. She than roll-out the Worldwide go-to-market web strategy and programs across all sectors and worldwide. Mrs. Soukouna Coker was headhunted from IBM in 2008.
She joined Microsoft, from March 2008 – September 2010 as Partners Strategy and Programs Lead -Anglophone West Africa and her role quickly expanded to West, Central and East Africa (WECA). Mrs Soukouna Coker role amongst others, included the growth of a competitive and loyal Partner Ecosystem across WECA, led channel strategy development, management of the WECA partner communities, whiles enabling long term capacity planning and sustainability. Her role led the subsidiary/area Partner Leadership Team, and as such is viewed as the leading voice and right hand to the subsidiary/area GM/VP, in channel matter aspects of the subsidiary or area. Her team drove marketing excellence and high utilization of Partner Readiness and Microsoft Partner Program (MSPP) engines to drive revenue growth, positive partner satisfaction and perception around engagement with Microsoft. Other responsibilities included Channel Capacity Process (Gap Analysis), Partner Selection/Segmentation strategy, Channel Readiness Strategy and Framework, Partner Learning Center, Partner Communications Strategy and execution plan and Business and Solution Planning.
In October, 2010, she was appointed Managing Director/CEO of Soft Solutions Ltd by its board of directors. Soft Solutions Limited (SSL) is an IT Solutions and Consulting Company based in the city of Lagos, Nigeria. Since its establishment over 23 years ago, the company has emerged as one of the leading solutions provider and consultant in the Nigerian IT space. Based on years of experience, SSL competencies are on the cutting edge of an evolving industry. Our competencies are, but not limited to the following: Core Infrastructure, Enterprise Applications, and Professional Services.
Mrs. Fatumata Soukouna Coker sits on multiple boards of large and small enterprises. She’s an advisor to entrepreneurs across the continent through works she does with African Leadership Network (ALN), Lagos Angel Network (LAN), Rising Tides Syndicate (Women’s investment group), to name a few. She also participates in start-up forums and IT incubators across the globe, including faith base organizations as well and is a very active member in her communities.
She is co-Founder and Chair at Center for Women & Children Empowerment, Inc. CEWCE is a non-profit, non-governmental organization, established with the vision to empower vulnerable women and children in a post-war society. Center for Women & Children Empowerment, Inc. is a Liberian based Organization, Incorporated in Monrovia, Republic of Liberia.
Also Founder of Ygroup Holdings, Inc. a global technology and business Integration Company headquartered in Monrovia, Liberia and YGH Capital. She is passionate and dedicated to the transformation of her African Continent through technology and incredibly committed to all her various communities that she is a part of around the globe.
Dr Jill Matzke
Senior Manager, Advanced Platforms and Server Portfolio, SGI, Inc. 2006-2014 Responsible for driving strategic planning for overall server portfolio and product management duties for flagship product. Orchestrated transition into new corporate markets, leading to eventual acquisition by HP.
Senior Product Marketing Manager, SGI, Inc. 2003-2006. Responsible for both product management and outbound marketing activities related to SGI's award-winning server family and various projects in support of SGI's server portfolio strategy. Brought product to market and designed/executed pricing strategies and promotional programs to drive sales. Achieved sales growth up to 70% year-on-year over past three years.
Strategy Consultant, 2005 - While on scheduled sabbatical from SGI, I was contracted to perform a business strategy analysis for a leading semiconductor firm. This included assessment of technology trends anticipated over the next 5-10 years, plus an analysis of market drivers, competitive and substitute technologies as well as business environment factors likely to affect market opportunity.
Manager, Vertical Marketing, SGI, Inc. 2000-2003. Development of competitive market strategies and execution of marketing programs for SGI high performance computing, data management and graphics solutions in scientific and government markets. Responsible for revenue and margin improvements as well as industry-focused solutions development. Maintained revenue at stable levels for market segment in a time period where overall company revenues declined by 50%. Sabbatical, 1998 – 2000 Circumnavigation aboard sailing vessel - two year voyage with family.
Director of Environmental Technologies and Strategies, Apple Computer, 1996 – 1998. Developed product-oriented environmental strategies based on regulatory and market analysis balanced against time-to-market and cost impact. Achieved targeted improvements in products to access environmentally sensitive markets estimated at $500 million. Elevated Apple’s status in third party ranking surveys as well as with USEPA, EU and Asian institutions at minimal cost. Director, Environmental Health and Laboratories, City of Madison, 1985-1996. Broad responsibility for the management of environmental health services for Madison, Wisconsin.
MBA Northwestern University, Kellogg Graduate School of Management, 1996 BS, Chemistry, MS, PhD in Environmental Chemistry, University of Wisconsin, 1982