CRIF is a leader in the provision, management, and operation of credit bureaus worldwide. CRIF’s unique mix of a state-of-the-art technological platform, fully customizable local components, and wide availability of value-added solutions has ensured successful installation and continued growth of our bureau solutions in 22 countries since the 1990s. As an expert operator of credit bureaus across four continents, CRIF has been able to support many greenfield markets in transitioning from start-up to regional leaders, whether through consulting, participation at board level, or direct ownership.
Currently, over 6,000 banks and financial institutions, including over 50% of the top 500 global banks, use CRIF credit bureau solutions around the world.
CRIF Credit Bureau Solution (C2BS)
C2BS is a state-of-the-art solution for credit bureaus. Fully functioning, out-of-the-box, yet deeply customizable according to the needs of each client and fully scalable, it represents a complete solution for any credit bureau requirements. Whether your needs are a “pocket bureau” for a single institution, a “vertical bureau” for a specific sector, or a full-service, cross-sectoral credit bureau solution, C2BS is the solution for you. The solution’s flexibility allows customizations and price sensitivity to work for small countries in developing economies, as well as for the largest countries in advanced economies.
C2BS includes specific modules that make it uniquely qualified as a solution for public bodies wishing to create a credit registry, by focusing on reporting, compliance, and oversight features.
C2BS is sold both as-a-solution installed in-house at the client’s selected datacenter, or as-a-service in a cloud environment hosted at CRIF’s own high security and high availability datacenter.
“GLocal” Credit Bureau Score
A credit bureau score is a statistical indicator of the likelihood that a customer will default on a payment over the next year, given that customer’s historical behavior as evidenced by credit bureau data. Credit bureau scores are an invaluable tool for improving the analytical powers of credit risk managers, and implementing automated decision policies.
Scores can be either “expert” or “customized”.
The GLocal Credit Bureau Score is an expert score that comes integrated in the C2BS. It is useful as a “start-up” score in situations where no reliable historical data are available. The model was developed using data from different countries in which CRIF has credit bureau clients. In the period after implementation of a new credit bureau solution (3 to 18 months) as data are processed and stored by the bureau, it is possible to perform a validation which consists of testing the “GLocal” score forecasting capability and, if necessary, re-calculating it in order to fine tune the scorecard weights.
Customized Credit Bureau Score
CRIF has extensive experience in creating customized scores as part of our bureaus. The Perform customized score allows a full rank-ordering of any client’s portfolio according to the probability of default of its customers. With customized scorecards by product and subject type, the Perform score is used by CRIF clients to segment their customers, leading to faster and more accurate decisions at all stages of the loan cycle.
In today’s world, the challenge is no longer data unavailability, but rather accessing the multiple data sources that are out there, in the right logical sequence, and being able to compile and analyze the result. That is where CRIF Gateway comes in. A fully customizable connectivity tool that allows our clients to access multiple data sources based on logical flows; compiling, analyzing, and caching the resulting data for re-use. The possibility of in-house installation at a client’s premises, or on the CRIF secure cloud makes CRIF Gateway a very flexible solution.
Whether you are a large financial institution with multiple branches and want to reduce costs by preventing multiple enquiries on the same subject by different branches on the same day across multiple bureaus, or a small financial institution looking for a simple loan application and or decision tool offered as-a-service on a per click basis, CRIF Gateway is the right tool for you.
N.E.O.S. – CRIF New Evaluation Open Suite
N.E.O.S. is an “as-a-service” suite of solutions, designed to improve the creditworthiness evaluation and seize relationship development opportunities within a credit and/or verification process (digital or non-digital) through the sophisticated use of PSD2 data.
N.E.O.S. is a solution based on access to accounts, which, by retrieving and categorizing payment data (with the customer’s prior consent), allows the following to be determined:
- a creditworthiness evaluation score based on payment account data, in some cases enriched with CRIF proprietary information (e.g. credit bureau data, business information, data pooling, etc.).
- a set of KPIs (e.g. employer verification, income verification) to start and/or strengthen customer relationships.