TransUnion, a leading global information and insights company, partners the largest financial comparison marketplace in South Africa known as Fincheck, strategically for making the process of credit application by consumers much easier and less stressful.
Fincheck has the ability for making the process of searching for the best-suited bank, lender or insurer effortless for numerous consumers because of its deep understanding of the risk appetites of financial institutions in the country.
TransUnion is the leader of South Africa’s credit market, who does well to provide thorough details of each applicant seeking credit. By this partnership of market leaders, Fincheck can adequately match the right lead to the right lender, insurer and banks to save time for all parties.
Currently, the fintech company compares offers from more than 80 major banks, insurers or lenders in South Africa, which allows their consumers choose the most suitable and competitive form of financing for finding credit to cover unexpected expenses or making ends meet.
Due to this new arrangement, consumers can also have access to a free TransUnion credit report on Fincheck, helping them understand their financial position to make better and more responsible financial choices. The report is easily understood and states clearly actionable steps on how to improve credit score and financial health.
In a statement released, Hans Zachar, the Director of Emerging Markets at TransUnion Africa, stated that,
“The TransUnion/Fincheck partnership will assist consumers in managing their finances, especially during these challenging times. By working with Fincheck we’re helping to increase financial awareness and access to credit.”
Thanks to the COVID-19 economic slowdown across the globe, Fincheck has seen an enormous interest from its new and existing consumers, wanting to improve their credit scores.
According to the CEO of Fincheck, Michael Bowren, commenting on the new relationship, he said,
“Being able to access affordable credit and valuable information in the same place will help South African consumers during these challenging times. Checking the information held on you is accurate before making an application can be an invaluable tool that can help you understand your financial options more clearly.”
Bowren concludes saying ultimately, their aim is to assist the user with his/her financial decisions and move them towards financial freedom.
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Womenpreneur Digital Hub to Promote Digital Skills & More for MENA Women
The Entrepreneurship Academy of the SANAD Fund for MSME and Womenpreneur Initiative have once again teamed up to champion women’s economic equality in the Middle East and North Africa (MENA). In March 2021, the partners launched the Womenpreneur Digital Hub, an online knowledge and resource-sharing platform that aims to expand women’s access to skills-building tools in a time when lockdowns and economic contraction have disproportionately impacted female employment in the region.
The coronavirus crisis has forced many women out of the workplace through a constellation of factors: Economically, it has taken a particularly heavy toll on sectors where women are overrepresented, such as retail, care, and food service. School and daycare closures have added further pressure, with many households placing the responsibility for at-home schooling and childcare solely upon women. As a result, although women in MENA comprise only a quarter of the region’s total workforce, they account for over half of COVID-related job losses.
The Womenpreneur Digital Hub aims to help women regain their economic footing through a three-fold approach. First, online training will be offered free of charge for hub members to hone skills that empower them on the job market, such as financial knowledge, digital literacy, and business management. High-profile speakers will provide insights into current industry trends and tips on accessing career opportunities. Second, the hub will connect users for mutual information and support, experience exchange, and valuable network-building. In this way, the platform intends to accelerate the third factor, which is to open up potential employment paths for those whose careers have been upended by the crisis.
Ines Ebrecht, Chairperson of the SANAD Technical Assistance Facility which runs the SANAD Entrepreneurship Academy, said: “Women’s employment is not only a social justice issue, it is also an economic one. Women’s ability to participate in the workforce not only provides them with financial stability and freedom on an individual level, it also enables an economy to fully open the tap on creativity, entrepreneurship, productivity, and income generation. The SANAD Entrepreneurship Academy is glad to once again join with Womenpreneur Initiative to advance gender parity as a key to prosperity in the Middle East and North Africa.”
Womenpreneur CEO and founder Sana Afouaiz said: “The pandemic provoked a major setback in gender equality and threatens to walk back decades of progress. Yet we can also pivot to grasp the opportunities. As the world entered into lockdown, the transition to online work has created a growing demand for digital jobs. The Womenpreneur Digital Hub is targeted toward equipping women to future-proof their skills and give them valuable knowledge for the employment market. Our aim is to ensure that every woman and girl in MENA has access to the tools that will help her realize her full economic potential.”
Sign up for the hub at: www.womenpreneur-digital.com
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