CRIF speaks at the Trade and Industry Department in Hong Kong
On May 28, CRIF was invited for the second consecutive year to speak at the seminar held by the Support and Consultation Centre for SMEs, a government information and advisory office, and part of the Trade and Industry Department in Hong Kong.
CRIF’s speech focused on how to make effective use of business information within the "Know Your Customers" (KYC) process during financial transactions, as a practice to reduce credit risk.
A lack of complete and up-to-date business information and systematic credit policies during transactions can expose companies to increasing credit risk. The seminar also pointed out the most effective practical skills of different credit policies that can be applied to credit risk management.