End-to-End Solutions: accelerating strategy deployment, driving innovation and facilitating change
In a challenging and increasingly fluid business environment, technology and software solutions must support transformation by accelerating strategy deployment, driving innovation and facilitating change.
The CRIF Credit Management Platform is an end-to-end solution enabling growth and innovation in credit management, based on three main pillars:
Embedded business processes
The CRIF Credit Management Platform leverages best practices in credit management implemented by CRIF all over the world. The library of processes embedded in the solution is the result of continuous improvements aimed at streamlining, evolving and improving the credit value chain. The platform ensures full coverage of credit phases from engagement to collection and recovery management.
Best-of-breed risk management tools and methodologies such as risk-based pricing, Ifrs 9, forward-looking analysis are also integrated to optimize the management of risks and regulation.
Bricks and agile methodology
The platform offers functional bricks, which are standard business process modules that leverage the best practices developed within the market. Thanks to these standard business bricks, a series of agile parametrizations is possible, thus accelerating implementation and further platform evolution. At the same time, the platform allows the integration of custom features representing the distinctive value and experience of each client.
Data availability and data quality have proved to be the key to a successful credit business. Never before has regulation driven financial institutions in such a stringent way to ensure that information is available across the entire credit process, and is complete, consistent and simple to collect.
The platform is backed by the CRIF Data Model as the single repository, where data are stored under a quality process, to be used within any phase of the credit value chain. The repository is broad and
in-depth (all data in), flexible (data model able to add/remove information), and regulatory compliant (i.e. Gdpr, Psd2, and Anacredit).
The CRIF Data Model not only supports credit processes, but also credit governance through a reporting capability that reconciles the points of view of the Cro, Cfo, and Clo. An additional recent application has been the creation of the Loan data tape for supervisory needs regarding Non-performing loans.