Credit Bureau: Business and Consumers Credit Information Reports

Credit Bureau Services: Business and Consumers Credit Information Reports

The Credit Bureau & Data Pool is CRIF’s credit information system that defines growth strategies and turns challenges into a competitive advantage. Thanks to continuous innovation, the use of the most advanced technologies, and its information management culture, CRIF is ranked among the leading groups in Europe and beyond in the credit information sector. With over 30 years of experience, CRIF has developed credit bureau projects in more than 30 countries across 4 continents.

In particular, in the context of the insurance data pool, CRIF Decision Solutions Ltd. manages important public information systems in the UK for the management of vehicle, home, and personal injury insurance claims.

Credit bureaus and data pools enable informed credit decisions, especially in turbulent times, when financial inclusion is even more challenging.

This is where CRIF has built its reputation and experience, helping countries to develop their financial inclusion and financial infrastructure roadmap.

Covered industries

Banking

Insurance

Telco & Media

Energy & Utilities

Manufacturing

Services

Key benefits

Financial inclusion

The credit bureau reduces data asymmetry and borrowing costs, enabling the development of sustainable lending.

Credit default prevention

CRIF helps its customers improve their credit and risk management processes.

Customer management

A broad ecosystem of advanced business data analytics gives improved customer insights and leads to better relationship management.

Reduced risk costs

Credit reporting services help keep costs down, reducing incoming risk and improving loan monitoring and management processes.

Real-time assessments

The credit bureau enables instant lending processes through the automation of customer assessment processes.

Monitoring of credit lines

Significant contribution of system information to the prevention of worsening credit behavior and management of early warning processes.

What we offer

Establishment of strong, lasting credit bureau platforms

With 32 solutions delivered in 29 international markets, CRIF is involved in starting up, launching, managing, and consolidating credit bureau businesses in different environments, geographies, jurisdictions and credit cultures. In this respect, CRIF’s role is invaluable in ensuring the delivery of functional world-class credit bureaus, together with continuous support and training for the long-term success of the initiative. CRIF helps markets to stabilize and develop the financial infrastructure and provides the right tools to support the economic growth of the country.

Definition of the creditworthiness assessment

CRIF provides solutions for open and closed user groups. Synergies can be generated through the cooperation of many companies from the same industry, benefiting all market participants and allowing CRIF to provide industry-specific solutions. In this way, CRIF helps its clients generate additional information about its customers and helps minimize risks.

Data pooling solutions can be further customized by combining credit checks with identification and fraud prevention features as well as enrichment by integrating payment account data, providing a powerful solution to improve the creditworthiness assessment and seizing relationship development opportunities within a credit and/or verification process.