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CRIF Acquires 30% Equity Stake in Economic Research Company Nomisma

CRIF will enter with a 30% stake in Nomisma’s share capital, becoming the largest shareholder as well as the only shareholder-industrial partner in the Bologna-based economic and industrial research company. The transaction involves the acquisition of a minority stake aimed at future industrial partnerships. The Bologna-based economic research company will maintain complete and unchanged operational independence. The new structure will ... Read More »

CRIF Decision Solutions Merges into CRIF to Provide an Integrated and Holistic Approach to Credit Management

As of January 1, 2015, CRIF Decision Solutions is incorporated as a business line into the parent company CRIF S.p.A. The merger will provide an ever more robust offering of know-how, predictive analytics and technology to enable banks, financial institutions, telco, media, energy and utility firms to achieve sound & optimized decision-making and compliant processes in every phase of the ... Read More »

Cerved Group and Creval in Strategic Alliance

Credito Valtellinese S.c. (“Creval”) and Cerved Information Solutions S.p.A. (“Cerved Group”; MTA: CERV), parent holding company of the largest credit information player in Italy, via its subsidiary Cerved Credit Management Group S.r.l. (“CCMG”), have signed an agreement for the development of a long term industrial partnership for the management of non-performing loans (NPLs). CCMG has 670 dedicated employees is the ... Read More »

CRIF Appoints Francesca Fraulo Managing Director – Head of Corporate Ratings

Francesca Fraulo has been appointed Managing Director – Head of Corporate Ratings of CRIF Rating Agency.  She will be reporting into the agency’s General Manager, Carlo Barbarisi. Francesca Fraulo came from Rating Agency Fitch.  During her 12-year tenure at FitchRatings, Francesca worked as a Director in the EMEA Utilities & Transport Team in London (from 2002 to 2005) and in Milan (from 2006 ... Read More »

Cerved Launches IPO

Cerved made its debut on the Milan bourse on June 24 2014 with a stock market value of 995 million euros ($1.3 billion).  During the placement Cerved has collected approximately euro 490 mln with a market capitalization of approximately 995 million Euros. Banca IMI acted as sponsor and UniCredit as Head of the placement. Mediobanca and JP Morgan were the ... Read More »

CRIF Acquires OFWI – Teledata from Axon Active Holding AG

CRIF Spa, present in Switzerland as CRIF AG, has announced the acquisition from Axon Active Holding AG of its subsidiary company Orell Füssli Wirtschaftsinformationen AG (OFWI), known by its brand “Teledata”. Founded in 1986, pioneering the electronic delivery of information from commercial registers, OFWI Teledata is the market leader in Switzerland for credit and business information, specifically in the financial ... Read More »

CRIF in Partnership with Hometrack in Automated Real Estate Valuation

CRIF, the market leader in continental Europe in the field of banking credit information, has signed an agreement for the development and provision of an Automated Valuation Model (AVM) for the Italian market in partnership with Hometrack, the leading supplier of AVM technology in the UK and Australia. This groundbreaking new service consists in the provision of a value estimate ... Read More »

CRIF Acquires Turkish Receivables Management Company Recom

BIIA Member CRIF has acquired a majority share in Recom, a company operating in the receivables management and collection sectors in Turkey. Established by Selim Tezel, a senior executive in the finance sector, Recom is one of Turkey’s leading players in the market. Recom, whose main activity is professional receivables management, has been helping organizations manage their receivables more efficiently ... Read More »

General Finance Corporation selects CRIF Decisioning as a Service for consumer and SME lending in Trinidad and Tobago

CRIF has been selected by General Finance Corporation (GFC) as a strategic partner in light of its proven track record in delivering similar high-performance solutions for banks and financial institutions in the Americas as well as on a worldwide level through the CRIF Group. Specifically SOL, the CRIF Mexico Decisioning as a Service (DaaS) solution for automated credit decisions powered ... Read More »

CRIF Opens Offices in Hong Kong and the Philippines

CRIF, a company specializing in the development and management of credit reporting, business information and decision support systems, today announced the opening of two new offices in Hong Kong, China, and Manila, in the Philippines, to meet the increasing demand for risk and credit management solutions in the region. Alongside existing operations in China and Indonesia, and consolidated partnerships in ... Read More »

CRIF Rating Agency Appoints Michael L. Buneman as Senior Adviser

CRIF Rating Agency has announced that it has appointed former Moody’s executive Michael L. Buneman as Senior Adviser for its pan-European expansion. In his work with CRIF Rating Agency, Michael will be tasked with the developing of the Agency’s franchises outside of Italy, focusing initially on the Spanish debt capital markets, and subsequently in France and the German-speaking countries.  His ... Read More »

CRIF: Ranked in 2013 FinTech100

CRIF, which supports over 2,400 banks, credit unions, as well as financial and non-financial institutions in over 40 countries, has been ranked in the 2013 FinTech 100.  The prestigious listing recognizes the top global providers of financial technology. Released by American Banker, Bank Technology News and IDC Financial Insights, the listing is an annual international ranking of the top vertical ... Read More »

Jamaica: CRIF NM’s Credit Information Bureau Begins Operations

CRIF NM Credit Assure Limited, a joint venture between CRIF and Neal & Massy, announced the launch of the technical and business operations for its world class credit bureau in Jamaica, supporting the development of the retail credit industry in the country. CRIF NM received a fully operational status from the Bank of Jamaica on May 1, 2013 after satisfactorily ... Read More »