Today lenders and companies with credit management needs worldwide have to deal with the daily challenges of a market undergoing significant changes. These changes require a strong balance between the need for control and adaptability towards evolving business dynamics and thus demand an integrated and holistic approach to credit, risk and customer management.
The CRIF Credit Framework is CRIF’s value proposition where these needs are met, covering the end-to-end credit value chain, from engagement and origination to customer and portfolio management and debt collection, with a comprehensive strategy encompassing governance, risk assessment, compliance-readiness and process optimization which leverages data and analytics.
Today, banks find themselves in a scenario that is undergoing considerable transformation, and this can be managed through an understanding of exogenous market dynamics while maintaining focus on customer retention. In a strongly competitive market, customer relations and engagement must become absolutely central, in the knowledge that 55% of customers state that they would consider switching banks.
The 12th Annual Banking Credit Risk Management Summit, held in Vienna on February 12-14, 2019, brought to the table topics for discussion ranging from the challenges and issues under IFRS 9, to the new regulations for A-IRB, the latest Basel III finalization changes, the stress testing and innovations in digitization in the credit risk management.
Riccardo Ceci, Business Innovation CRIF Credit Solutions Director, gave a speech on how financial institutions can grow their business and improve customer experience by accelerating the match between supply and demand.
European banks are not out of the woods yet. This was the finding of a recent international meeting organized by the Catholic University of Milan, together with CRIF Group and the Credit Risk Club. The speakers focused on the so-called “illiquid assets” held by lenders, and more precisely non-performing loans and structured securities (financial instruments without reliable market prices, and which accounting standards require to be recorded according to internal estimates).
CRIF Credit Solutions gave a presentation at the seminar organized by ABI Formazione on “The active management of NPLs”, held in Milan on May 30-31, 2018. The event brought together those working in banks on non-performing loan (NPL) management to look at changes to the regulatory and legislative framework, the derisking strategies of banks, and developments in NPL management models.
On April 9-11, the latest edition of the ABI conference #ILCLIENTE 2018 was held in Milan. CRIF talked about its experience and took a closer look at topical issues for credit companies relating to customer relations.
Middle East COO Conclave in Financial Services brings together the aristocracy from the region’s banking operations and technology fraternity to address solutions around transforming operational performance in order to increase customer experience with innovative technologies, performance metrics, a matured process design and improvement standard.