Developing Credit Bureau System for Banks and Insurance Companies: Case Study of Iran Credit Scoring (in Persian)

Banking credit assessment system known as Credit reporting or Credit Bureau System is based on information sharing principle and in fact is shaped and implemented by the participation of different organizations by sharing valuable credit information of individual and companies. Credit Bureau members should store the credit information of customers in a coherent database and comply with specific standards in order to enable other members to access to the valuable information via specific access information. Implementation of such mechanism is applicable just by information technology (IT). Speed¡ accuracy and security are three main characteristics of this system. On the other hand¡ internal architecture of the system enables rapid processing of information and storing huge amount of them (for instance¡ creating credit file for every Iranian citizens and company for five active year archive). Also there are some different protocols regarding network security and information sharing. Iran Credit Scoring (ICS) has been established as a credit reporting agency or credit Bureau institution of Iran in line with Iranian 44 articles of privatization and Parliament’s credit acceleration law. These laws mission is to develop and implement credit bureau system for the banking and credit industry and making all needed infrastructures prepared with the support of Economic ministry and central bank and participation of banks.The author of this article has tried to present the activities and achievements of the ICS companies as a benchmark in successful developing and implementing a credit bureau system¡ defined the position of modern technologies for banks and insurance companies in assessing the customers’ creditworthiness and finally discussed scientific and technical perspectives such as information sharing¡ storing¡ processing and reporting¡ providing network security¡ data transferring paths and data transferring format (XML).