In 2022, PT CRIF Lembaga Informasi Keuangan (“CLIK”) achieved an impressive growth of 300% in revenue, marking a remarkable three-fold increase compared to the previous year. CLIK was finally able to generate free cash flow in June 2022. Despite this significant growth, CLIK total assets remained strong at IDR 42,700,000,000, with a notable increase of 23% from the previous year. This outstanding performance showcases CLIK’s financial prowess, stability, and promising prospects for continued success in the future, positioning them as a formidable player in the market.

During the latter half of 2022, CLIK introduced its new product, the Soft-pull report, while also dedicating efforts to monitor the matching system. This report provides succinct data on individuals or companies, encompassing credit score validation and influencing factors.

CLIK demonstrated its dedication to good governance principles, emphasizing transparency, accountability, and fairness. The Board of Directors showcased inspired leadership, making high-level decisions that drove the Company’s progress while adhering to laws and regulations. Meanwhile, the Board of Commissioners provided independent oversight, instilling a culture of responsible leadership.

CLIK’s dedication to strong IT governance is evident through investments in hardware, software, and Data Warehouse (DWH) fostering data security, accurate analysis, product development and sustainable score quality. These measures ensure accurate and efficient processing, aligning with CLIK’s focus on responsible governance and transparency. The Company’s integrity and pursuit of sustainable growth is evident in their IT initiatives.

Looking forward to 2023, CLIK’s Annual Business Plan underscores their commitment to ethical practices and transparency. This comprehensive financial and non-financial report showcases CLIK’s unwavering focus on integrity, transparency, and sustainable growth, providing stakeholders with confidence in the Company’s commitment to responsible governance.

On March 9^th 2022, CRIF Lembaga Informasi Keuangan (CLIK) and the Association of Security Crowdfunding Companies in Indonesia (ALUDI) signed a collaboration agreement to promote the adoption of credit bureau services by Security Crowdfunding Companies. The collaboration agreement plays an important milestone for all stakeholder involved as it will promote the systematic adoption of best-in-class credit bureau services in this new and growing sector.

Crowdfunding companies, play an important role in bridging demand and supply of financing for productive purpose. Crowdfunding companies offer consumers an alternative form of investment and offer MSMEs an alternative form of funding. James Wiryadi, Deputy Chairman of ALUDI added that the Association has the aim of enriching the ecosystems of services needed by Crowdfunding Companies in order to ensure a strong and sustainable growth of the segment.

Leonardo Lapalorcia, CEO of CLIK, added that, with this collaboration ALUDI makes significant steps forward in protecting consumer rights; by having access to the same tools adopted by major financial institution, consumer can easily and objectively “risk-rank” investments opportunities. To the same token, having access to consumer credit report, will allow ALUDI member to ensure that consumer have an adequate investment profile.

The Ceremonial Event of marking the start of the collaboration between CLIK Credit Bureau and Induk Koperasi Syariah (Inkopsyah) took place  on March 8th 2022 in Padepokan Pencak Silat, TMII Jakarta.

This collaboration aims to promotes the adoption of credit bureau services by credit cooperatives, to strengthen their risk management practices and support and speed up the ongoing digital transformation efforts that will make credit cooperative an ever more viable alternative to conventional lenders.

Mr.Ahmad Zabadi, as the Deputy Minister of Cooperatives,  TBC Ministry of Cooperatives & MSMEs, urges Cooperatives in Indonesia to accelerate their digital transformation journey in order to weaponize them self in support of the countries goal or reducing poverty by  promoting financial inclusion.

Leonardo Lapalorcia as the President Director of PT. CLIK said “Market Preferences are constantly changing, forcing Koperasi to adapt to be modern and digital.”

Leonardo Lapalorcia added that “Through the technology which owned by the CLIK Credit Bureau, Koperasi Simpan Pinjam can obtain complete Credit History Information and Risk Scores from Prospective Borrowings members comprehensively and predictive. This credit information can be used as a basis for managing risk on credit portfolio in order to make decisions quickly and precisely”.

The ceremony  was closed with a positive testimony from Mr.Adhy Suryadi, BMT ITQAN, which has been using CLIK’s service for the last 2 years. According to him, CLIK Credit Bureau has a deep impact in helping them on mitigating risk. He also encourages other Cooperatives to start leveraging CLIK Credit Bureau’s service under Inkopsyah X CLIK Collective Agreement, which provides special pricing.

CEREMONIAL SIGNING COLLABORATION AGREEMENT CRIF LEMBAGA INFORMASI KEUANGAN (CLIK) WITH THE INDONESIA JOINT FUNDING FINTECH ASSOCIATION (AFPI)

The ceremony took place at the AFPI office, in Jakarta on Thursday, November 18, 2021. This collaboration is aimed at strengthening the ecosystem of tools and solutions for FINTECH lenders for the same to grow sustainably and responsibly in the Market.

Leonardo Lapalorcia, as President Director PT CLIK said “P2P lending companies are more than ever before a solid alternative to conventional lending. The key pillars that allow fintech to ‘fill the gap’ between demand and supply of credit are TECHNOLOGY, VELOCITY, SCALABILITY.”

He added ”To support Fintech Lending, CLIK offers best in class credit Bureau Services, and thanks to the great support of AFPI and its Members, P2P platforms can now use them at prices that are compatible with their unit economic. Relevance and affordability are key to stimulate adoption of Credit Bureau Services, and this is key for innovation! “We look very much forward to working hand in hand with AFPI for the execution of this agreement and for broadening the scope of collaboration to create an ecosystem of services to further empower FINTECH Lenders as the frontrunner of financial inclusion in Indonesia.

Hong Kong, Dublin & Bologna, 31 August 2021 – Leading banking credit information provider CRIF today announced a global commercial partnership with award-winning RegTech company Know Your Customer underpinned by a strategic financial investment into the firm.

A global company based in Bologna (Italy), CRIF specialises in credit bureau and business information, as well as advanced digital solutions for business development and open banking.

Know Your Customer is an award-winning RegTech company headquartered in Hong Kong with offices in Singapore, China, Ireland, and the UK. It provides digital solutions for corporate KYC and client onboarding automation to financial institutions worldwide.

The partnership will enable Know Your Customer to leverage CRIF’s long-established and extensive customer network across 40 countries and 10,500 financial institutions to accelerate growth in new and existing global markets. The capital injection will allow Know Your Customer to broaden its product scope to target previously untapped sectors and extend the development of Artificial Intelligence (AI) and automation components within its platform.

Under the agreement, CRIF will expand its existing KYC data offering to include Know Your Customer’s premium cloud-based platform to power end-to-end digitisation of corporate onboarding for the global financial sector.

The collaboration between the two firms aims at accelerating innovation processes for banks and FinTechs in need of extensive digital transformation in our new business environment. The partnership will also provide an enhanced customer experience to individuals and businesses worldwide by leveraging a more comprehensive and updated data set, ultimately making access to credit simpler.

The transaction follows significant business growth for Know Your Customer over the past 18 months. The company’s client base spans 11 sectors and 18 jurisdictions, including Tier 1 banks, leading corporate service providers, large credit card issuers, fast-growing FinTechs and Asian and European challenger banks.

Claus Christensen, CEO & Co-Founder of Know Your Customer, commented:

“This new partnership and investment represent a tremendous achievement as well as an essential foundation for the next phase in Know Your Customer’s global expansion. The entire team at Know Your Customer is looking forward to collaborating closely with CRIF to expand the reach and further advance the capabilities of our cutting-edge corporate KYC solution”.

Carlo Gherardi, CRIF CEO, added:

“Know Your Customer’s technology represents a strategically important addition to our product portfolio, strengthening our position as centre of excellence for corporate KYC solutions in Asia and at global level”.

Following the investment, Paola Galassi, Executive Director of B2B Services at CRIF, will join Know Your Customer’s board of directors.

Zelig acted as exclusive strategic and financial advisor to Know Your Customer on the investment by CRIF.Hong Kong, Dublin & Bologna, 31 August 2021 – Leading banking credit information provider CRIF today announced a global commercial partnership with award-winning RegTech company Know Your Customer underpinned by a strategic financial investment into the firm.

A global company based in Bologna (Italy), CRIF specialises in credit bureau and business information, as well as advanced digital solutions for business development and open banking.

Know Your Customer is an award-winning RegTech company headquartered in Hong Kong with offices in Singapore, China, Ireland, and the UK. It provides digital solutions for corporate KYC and client onboarding automation to financial institutions worldwide.

The partnership will enable Know Your Customer to leverage CRIF’s long-established and extensive customer network across 40 countries and 10,500 financial institutions to accelerate growth in new and existing global markets. The capital injection will allow Know Your Customer to broaden its product scope to target previously untapped sectors and extend the development of Artificial Intelligence (AI) and automation components within its platform.

Under the agreement, CRIF will expand its existing KYC data offering to include Know Your Customer’s premium cloud-based platform to power end-to-end digitisation of corporate onboarding for the global financial sector.

The collaboration between the two firms aims at accelerating innovation processes for banks and FinTechs in need of extensive digital transformation in our new business environment. The partnership will also provide an enhanced customer experience to individuals and businesses worldwide by leveraging a more comprehensive and updated data set, ultimately making access to credit simpler.

The transaction follows significant business growth for Know Your Customer over the past 18 months. The company’s client base spans 11 sectors and 18 jurisdictions, including Tier 1 banks, leading corporate service providers, large credit card issuers, fast-growing FinTechs and Asian and European challenger banks.

Claus Christensen, CEO & Co-Founder of Know Your Customer, commented:

“This new partnership and investment represent a tremendous achievement as well as an essential foundation for the next phase in Know Your Customer’s global expansion. The entire team at Know Your Customer is looking forward to collaborating closely with CRIF to expand the reach and further advance the capabilities of our cutting-edge corporate KYC solution”.

Carlo Gherardi, CRIF CEO, added:

“Know Your Customer’s technology represents a strategically important addition to our product portfolio, strengthening our position as centre of excellence for corporate KYC solutions in Asia and at global level”.

Following the investment, Paola Galassi, Executive Director of B2B Services at CRIF, will join Know Your Customer’s board of directors.

Zelig acted as exclusive strategic and financial advisor to Know Your Customer on the investment by CRIF.