CRIF’s Consumer Loan Origination Systems Recognized as a “Best-in-Class” Solution in Financial Services Technology AnalysisDecember 19, 2012
CEB TowerGroup Report Evaluated Global Loan Origination Providers, Highlighted CRIF for Functionality and Flexibility
BOLOGNA, ITALY–(Marketwire – December 19, 2012) – CRIF, a global credit reporting and decision management solution provider whose customers include more than 1,900 banks and financial institutions worldwide, was named a “best-in-class” provider in all four categories of the CEB TowerGroup “Loan Origination Systems” research report.
The CRIF Credit Framework, which is marketed as CRIF Synergy in North America, was assessed “best-in-class” in Sales & Application, Loan Decisioning, Loan Processing and Enterprise Support. Based on a CRIF financial services customer, using the CRIF solution allowed them to respond quicker, cut costs, make more accurate decisions and be compliance-ready. The CEB TowerGroup report, which was published in October, stated that, “From a functional standpoint, the CRIF Credit Framework offers one of the widest range of features and capabilities of any solution featured in this report.”
“From Asia, Europe, the Middle East and Africa to North America and Latin America, today’s lenders are faced with different economic challenges, yet common goals to intelligently manage credit risk and streamline processes affected by ever-changing regulatory requirements. Viewing loan origination systems as a competitive advantage, lenders are increasing their investment and the value they place on such technologies,” said CEB TowerGroup senior research director Craig Focardi. ”Vendors that provide modular, flexible and localizable loan origination systems will allow financial institutions in any of these markets to strategically respond to their business challenges.”
“We are very proud to be included in this assessment and consider it an honor to be acknowledged as a best-in-class solution provider by CEB TowerGroup analysts,” commented CRIF CEO, Carlo Gherardi. “This recognition is a testament to CRIF’s innovation in the development of unique loan origination systems that can be deployed as individual components or a full end-to-end system, thus allowing us to better serve our clients and help bolster their success in a changing marketplace.”
The CRIF Credit Framework and CRIF Synergy are comprised of a suite of lending and decision management technology components that work together seamlessly to offer a highly configurable lending system, delivering control, flexibility and time to market to financial institutions around the globe.
CRIF is a global company specializing in the development and management of credit reporting, business information and lending & decision management solutions. Established in 1988 in Bologna, Italy, CRIF is the leading group in continental Europe in the field of banking credit information and one of the main operators on an international level concerning integrated services for business and commercial information and for credit and marketing management.
CRIF is one of the largest Loan Origination Solution (LOS) providers worldwide and is the largest in the U.S. where the company’s arm, CRIF Lending Solutions, delivers automated lending technology and services to financial institutions of all sizes.
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CEB does not endorse any vendor, product or service depicted in our CEB TowerGroup publications and does not advise technology users to select only those vendors rated “best in class.” CEB TowerGroup research publications consist of the opinions of CEB TowerGroup’s analysts and should not be construed as statements of fact. CEB disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.