Liv. boosts credit score awareness by offering customers instant access to the AECB Credit Score

Liv., the lifestyle digital bank by Emirates NBD, is working with Al Etihad Credit Bureau (AECB) to provide customers easy access to their AECB Credit Scores. The digital-only bank’s customers will be able to access their AECB Credit Score in an instant by simply clicking on the Credit Score option on the Liv. app.

The AECB Credit Score is the first credit scoring system for the UAE and it is exclusively developed to predict the likelihood of individuals and companies to make their loan and credit card payments on time, based on previous credit and payment behavior. The Credit Score is a three-digit number, ranging from 300 to 900 with a lower score indicating a higher risk and likelihood of missing debt payments, and is available to all UAE banking customers via the AECB app.

“We are pleased to renew our collaboration with AECB enabling Liv. customers to instantly check their Credit Score on the app, which will help our millennial and Gen-Z customers to maintain a healthy credit status,” said Suvo Sarkar, Senior Executive Vice President & Group Head – Retail Banking and Wealth Management, Emirates NBD. “With 350,000 customers and counting, Liv. is fast establishing itself as the bank of choice among the new generation, and we are committed to exploring new ways to help them achieve more of their goals while continuing to manage their finances well.”  

 “In order to make it easier to access credit scores through individuals’ preferred online channels, we are delighted to have Emirates NBD become the first UAE bank to use our newly-developed API channels to allow their customers to obtain their AECB Credit Score through their Liv mobile banking application,” said Marwan Lutfi, CEO of Al Etihad Credit Bureau.  “Now individuals will be able to obtain their credit scores from their favorite banking and payment apps thereby making the process of monitoring one’s credit worthiness one step simpler,” he added.

“Ever since its inception, Liv. has been dedicated to increasing financial literacy and encourage a savings culture among UAE youth, particularly through innovative features such as the Goal Account,” said Jayash Patel, Head of Liv.“Enabling instant access to credit scores on the Liv. app is part of our commitment with AECB to educate, guide and help our customers in managing their finances for a healthier financial future.” In addition to viewing their credit score, Liv. customers can also access tips on how to maintain a healthy credit score by ensuring regular repayments, borrowing wisely and following other healthy financial practices.