FinTech Magazine - February 2023 | Page 9

A fully digital experience
There are 4 key aspects that should drive any financial institution ’ s decisions :
1 . Client expectations are always more demanding in terms of the overall experience
2 . More and more alternative lenders are disrupting the industry 3 . Regulatory requirements are increasing 4 . Operational challenges have to be faced , both from a technological and operational perspective .
CRIF supports lenders on their journey to a more efficient and productive operating model , traditionally providing information , advanced analytics , and innovative solutions to help their business grow .
Thanks to the continuous search for cutting-edge technological solutions , CRIF launched a new native-cloud Digital Lending Platform built in partnership with Microsoft , which allows lenders to easily activate a digital channel for the entire lending process .
Delivered in an as-a-service model only , reducing IT complexity and effort , the CRIF Digital Lending Platform takes advantage of all CRIF data , analytics , and solutions , providing a fully digital end-to-end customer experience , with customer onboarding , profiling , and instant decisions , complete with all regulatory checks such as KYC / KYB and AML .
With the CRIF platform , lenders can easily activate an online channel both for consumer and business requests , providing them with a fully digital experience and reducing the time taken to evaluate their applications .
CRIF is a global company specializing in credit & business information systems , analytics , outsourcing and processing services , as well as advanced digital solutions for business development and open banking .
Through continuous innovation , the use of state-of-the-art technology and a strong information management culture , CRIF supports 10,500 banks and financial institutions , more than 600 insurance companies , 82,000 business clients and 1,000,000 consumers in more than 50 countries across 4 continents .
For more information : www . crif . com