The Central Bank of Kenya (CBK) has officially approved the CIS ValiData tool, an innovative credit data validation and submission solution developed by the Credit Information Sharing Association of Kenya (CIS Kenya). The approval marks a major milestone in Kenya’s journey to improve credit data quality and strengthen the country’s financial ecosystem.
The ValiData tool is designed to ensure that only accurate, complete, and standardized credit information is shared with licensed Credit Reference Bureaus (CRBs). By acting as a “data proofreader,” the tool allows credit providers to validate their records on-premise before submission, setting a new industry standard for data quality with an 80% threshold.
“This is a monumental step towards achieving our mission,” said Mr. Jared Getenga, CEO of CIS Kenya. “The CIS ValiData tool directly addresses the industry’s need for higher data quality and operational efficiency. By empowering institutions to validate data at the source, we are building a more reliable credit information sharing mechanism, which will, in turn, enhance access to finance and spur economic growth in line with Kenya’s Vision 2030.”
Industry leaders have lauded the CBK’s approval and the tool’s potential to reshape credit information sharing in Kenya. Mr. Raimond Molenje, CEO of the Kenya Bankers Association, described it as a “game-changer for the credit market,” saying it will enable lenders to make more informed, risk-based decisions and expand access to affordable credit for individuals and MSMEs.
Mr. Gideon Kipyakwai, CEO of Metropol CRB, added: “By standardizing data quality at the point of submission, the tool will enhance the accuracy of credit scoring models and deliver more reliable reports for lenders, leading to a fairer and more transparent system for consumers.”
The journey to the ValiData tool began in 2013, evolving from a central data hub concept to a secure on-premise solution in response to industry concerns around data security and privacy. Its development was supported by the Bill & Melinda Gates Foundation through FSD Kenya.
Key features of the tool include: On-Premise Data Validation which ensures credit information is checked against agreed rules before submission. Automated Data Submission – Securely transmits validated data to licensed CRBs. Instant Feedback and Reporting – Provides real-time quality reports, error logs, and submission confirmations.
With CBK’s approval, CIS Kenya will proceed with a nationwide rollout, supported by training and capacity-building for credit providers. Future enhancements under consideration include integrating consumer dispute mechanisms and leveraging Open Banking and API frameworks to enrich credit bureau data.
“The successful approval of the CIS ValiData tool is a testament to collaboration across the financial sector,” said Ms. Adah Mukubi, Head of Communications and Partnerships at CIS Kenya. “This milestone underscores our collective commitment to building a smarter, more transparent, and inclusive credit ecosystem for Kenya.”
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