CRIF has announced today the acquisition of Deltavista’s operations in Germany. Deltavista is one of the leading providers of credit bureau data and risk management services in Germany and Poland, helping organizations optimize risk management and their address processes with accurate data on private individuals and companies.

Specifically, with a cutting edge platform and solutions, Deltavista currently serves banks, telcos, energy, insurance and e-commerce companies with identification checks, address management tools, automated data consolidation solutions, customizable decision-making models and anti-money laundering solutions.

Moreover, from the beginning of 2016 CRIF has enhanced its presence in Germany through the acquisition of Bürgel, one of the leading consumer and business information providers in Germany, with a 130-year track record. Bürgel provides unique and powerful sets of advanced Credit Bureau Information and Risk Management solutions to the market.

Bürgel and Deltavista will operate separately and independently from each other, thus covering different market needs: Bürgel as an information and solution provider, Deltavista as an independent solution provider, and therefore neutral from other information providers.

This transaction will further strengthen CRIF’s industry-leading positioning in the field of banking credit information and risk management solutions in continental Europe as well as enabling the company to exploit synergies with the other local offices already established in those countries.

Back in 2011, CRIF acquired Deltavista’s and Teledata’s business in Switzerland and Austria in line with its increasing investment plan in the DACH region in order to provide clients with greater added-value services and a comprehensive suite of risk management solutions in German-speaking countries. The successful integration has allowed CRIF to meet different needs and widen its service portfolio to serve financial institutions, companies, and consumers, and to become a benchmark in the e-commerce sector.

“The successes achieved in Germany, Switzerland and Austria make us confident that German and Polish operations will accelerate their growth and benefit from the Group’s synergies. We are always driven by innovation to serve our clients' needs and fulfil our commitment to them.

By combining CRIF’s information systems and software solutions with Bürgel and Deltavista‘s data and risk management support systems, we will be able to support our clients to take informed decisions and operate competitively in an increasingly demanding market in terms of advanced solutions and technological flexibility”, said Carlo Gherardi, President and CEO of CRIF.

As to Poland, the acquisition of the Deltavista companies, which are successfully offering advanced consumer information solutions combined with CRIF business information activities, which are already in place, will provide very advanced solutions to the Polish market.

In Philippines, The service uses non-traditional data to complement bureau data and to offer the first cloud-based credit decision service for lenders in the Philippine market.

Lenddo, the Singaporean-based leading provider of credit scoring and identity verification using nontraditional data, and CRIF, the leading provider of banking credit information with a new credit bureau license in the Philippines, today has announced a partnership to bring an alternative credit scoring platform to lenders in the Philippines. The solution focuses on expanding Lenddo’s suites of services to rural banks, savings banks and micro-finance institutions (MFIs), potentially allowing millions of qualified customers with thin or no formal credit history to access the credit market.

“One critical component is for financial institutions to have access to more information from which credit decisions can be made”, said Mark Mackenzie, Sales Director of Lenddo for the Asia-Pacific region. “The use of digital data sources combined with advanced machine learning algorithms provides a unique opportunity for the underserved yet creditworthy population to have access to credit for the first time.”

“Lenders use CRIF services to make informed decisions based on the creditworthiness of potential borrowers. In this regard, the partnership with Lenddo will help us serve our clients even in areas not fully covered by traditional and reliable credit information”, said Simone Colombara, Managing Director of CRIF Philippines. In a country where smartphone penetration is expected to jump from 40% to 70% in the next three years, we believe that a new credit decision tool would be beneficial to small banks and MFIs in order to reach the underserved segment of the population as well as promote financial inclusion.”