Category: NEWS

Business Matching : Collaboration for Acceleration in Digitalize Financial Institution in SMEA Segment between IMFEA – PT CLIK

Large number of SMES with rapid cycle of transaction and various amount of Outstanding which reach 25 – 30 Mio, nowadays has not fully facilitated with Commercial Banks. Although most of SMES player are un-Bankable, huge numbers of SMES have huge potential to boost Economic Growth. The existence of Microfinance Institution could give accessibility for un-Bankable player or SMES for funding facilities.

PT CRIF Lembaga Informasi Keuangan is honored to be one of the speakers in the event of Business Matching : Association of Micro Finance Institution in Indonesia which held by Indonesia Microfinance Expert Association (IMFEA) in Hotel Khas Semarang on Tuesday 9 August 2022.

Mr. BERNARD LAYUK on behalf of PT CRIF Lembaga Informasi Keuangan was the speaker in Panel Discussion with Credit Scoring topic, which aligned with CLIK’s services that offers Technology Innovation in Credit Bureau.

In his opportunity Mr. Bernard said that “Our (CLIK) experiences and aspirations in Technology could give contribution for the Transformation of Micro Finance Institution to be Technology-Based Digital Ecosystem.” He added “The Digital Ecosystem are much more effective and efficient in terms of access, features, security, accuracy of information and minimizing costs.”

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Leonardo Lapalorcia September 9, 2022 0 Comments

Mutual Agreement PT CRIF Lembaga Informasi Keuangan – Cek Aja

We’re happy to collaborate with CEK AJA, our uutual vision is to bring awareness for Indonesian People of how’s the importance of Financial wellness for Indonesian People.

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Leonardo Lapalorcia September 9, 2022 0 Comments

Ceremonial Signing Collaboration Agreement PT CLIK – ALUDI

On March 9th 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.

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Ceremonial Signing Collaboration Agreement PT CLIK – INKOPSYAH

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.

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CLIK Join Indonesia Fintech Summit

CLIK Join Indonesia Fintech Summit 2021 Regarding Technology Innovation for Industry and Customer Experience

Technology Innovation are fundamental for Fintech regarding Customer Experience and we are proud to be AFPI’s Partner to accelerate Technology for Fintech Lending Institution with our data and predictive analytics services. We are very honored to be involve in Indonesia Fintech Summit 2021 event which are align with our experience and aspiration to bring Technology Innovation for financial Industries especially in Customer Experience in Fintech Segment.

CLIK CEO, Leonardo Lapalorcia is humbled to share his experiences regarding Technology Innovation in Bureau Credit and its impact to Industry Governance and Customer Experience.

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Leonardo Lapalorcia December 16, 2021 0 Comments

Ceremonial Signing Collaboration Agreement PT CLIK – AFPI

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.

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Leonardo Lapalorcia November 25, 2021 0 Comments

Know Your Customer and CRIF announce strategic investment and global commercial partnership for premium corporate KYC

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.

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Leonardo Lapalorcia September 8, 2021 0 Comments

CLIK supports the AFPI Fintech Webinar event in Indonesia

On March 9th, 2021, the Indonesian Joint Funding Fintech Association (Asosiasi Fintech Pendanaan Bersama Indonesia – AFPI) holds a webinar event on “COVID-19 and Indonesia Fintech Lending: Path Forward for Players, Regulators, and Investors”.

The event will investigate the impact of the Covid-19 pandemic on the Indonesian Fintech industry, and more specifically, on the Fintech regulation and investing climate. Webinar participants will also discuss on how to build a collaborative Fintech ecosystem.

The Indonesian Joint Funding Fintech Association (Asosiasi Fintech Pendanaan Bersama Indonesia – AFPI) is an organization that houses the Fintech Peer to Peer (P2P) Lending or Fintech Online Funding business in Indonesia. The Financial Services Authority (OJK) appointed AFPI as the official association of information technology-based lending and borrowing service providers in Indonesia.

Fintechs are the most dominant category of start-ups in Indonesia, and COVID-19 Pandemic has significantly affected this sector. Considering the crucial role Fintechs will play in future digital economy, Indonesian Fintech players and associations need to understand all the factors that accelerate, or restrict, Fintech investments.

The AFPI event aims at provide an overview of the current situation, including industrial regulation and supervision, ways of adaptation, and improving Fintech collaboration with the digital ecosystem.

CRIF is sponsoring this event through its affiliate Indonesian company PT CLIK, licensed by the Financial Services Authority of Indonesia (OJK) to operate a credit bureau.

“CLIK’s involvement in this event is aimed at showing support for the Fintech lending industry”, commented Leonardo Lapalorcia CEO of CLIK. “Fintech lending has play a key role in supporting the economy and society in these very difficult times. The ability of Fintechs to adapt to fluid market conditions has significantly contributed in growing financial access for both consumers and MSME in Indonesia, despite the global economic crises. We are proud to support several Fintech lending institutions with our data and predictive analytics services and, in our own way, contribute to the growth of more inclusive and sustainable Fintech lending practices”.

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CRIF and Fondazione Golinelli join forces to launch the I-Tech Innovation 2021 program

CRIF and Fondazione Golinelli join forces to launch the I-Tech Innovation 2021 program to fund technological innovation in the Fintech/Insurtech, FoodTech/Agritech and Digital Health Tech sectors.

€ 1.6 million in total investments for three calls dedicated to innovative startups that will be managed by the G-Factor incubator-accelerator with the support of Digital Magics.

The recent health emergency has exposed the technological and IT upgrading of infrastructures, technological innovation in commodity and service production systems, and the teaching of the digital culture in schools, which is still not adequate to compete on an international stage.

I-Tech Innovation 2021 aims to encourage the creation of a new kind of entrepreneurship with highly innovative and technological content in the immediate future, investing in areas of excellence, and in technological development.

Fondazione Golinelli, which with its incubator-accelerator known as G-Factor has become a point of reference in life sciences, and CRIF, specializing in the Fintech and Insurtech sector, are planning a series of future initiatives within the context of their partnership spanning several years in various sectors, such as: agritech, industry 4.0, open innovation, data science, artificial intelligence, internet of things, and virtual reality.

The three Calls for Innovation of the first I-Tech Innovation 2021 program will be managed by G-Factor, from promotion to selection, to the delivery of the acceleration program, with the technical support of Digital Magics, the leading startup incubator in Italy.

The three separate Calls for Innovation are aimed at selecting 13 startups who will participate in a significant mentorship program and support program in the development of their 8-month business models, involving training days in Bologna (Italy), which will be alternated with remote mentoring meetings.

For each of the 13 successful startups, € 40,000 will also be allocated to services, with a total additional investment in training of € 520,000.

Applications must be received by December 3, 2020 and the list of selected projects will be announced on April 13th, 2021.

Visit the following pages and apply now:

 

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CRIF obtains Credit Reporting Agency license in Malaysia

KUALA LUMPUR (MALAYSIA), JUNE 29, 2020

CRIF OMESTI Sdn Bhd – a joint investment between CRIF and OMESTI Holdings Berhad – has obtained a credit reporting agency (CRA) license in Malaysia from the Ministry of Finance Malaysia.  The operation will allow CRIF to extend its global coverage to Malaysia as a licensed CRA to provide credit reports and business information services for financial institutions, corporations, and SMEs.

The joint investment between CRIF and OMESTI Holdings Berhad was formalized in late 2019. Omesti Holdings Berhad is wholly-owned by Omesti Berhad, a public listed company in Malaysia, with its proprietary solutions for digital courts technology, business register management, and banking solutions.

“The credit reporting/information space is an area that we believe holds significant potential, not just in Malaysia but across the region. We were therefore keen to increase our footprint, hence the joint investment with CRIF, where we hold a 30% direct stake at present,” says Mah Xian-Zhen, Director of CRIF OMESTI Sdn Bhd.

“As a licensed credit reporting agency in Malaysia, CRIF will deploy its business information platform technology and its state-of- the-art credit scoring and analytics to the Malaysian market, to raise the bar for business information services, and raise the market to the next level of digital transformation journey,” commented Chrystal Saw, CEO of CRIF OMESTI.

Since commencing its journey into East Asian markets in 2005, CRIF has discovered that the fragmented information framework of many of these countries are key issues to address in order to achieve financial inclusions.

“When it comes to the SME segment of the market, many business owners are refused loans based on criteria that do not necessarily explain how the business is doing. Reliable credit reporting and access to verified business information are therefore critical components of successful trade. This is especially true when it comes to cross-border transactions, where potential trading partners need to ensure they can enter into business in the firm knowledge that the information on which they are basing their decisions is accurate and verified. This requirement becomes even more vital as regional economies push to recover post-COVID-19 pandemic and strive to attract new investment,” adds Xian.

Today, CRIF is directly operating in nine Asian countries – India, Indonesia, Philippines, Vietnam, Singapore, China, Taiwan, Hong Kong, and now Malaysia – with additional coverage in thirteen other countries. Apart from offering the credit information services in the country, this strategic move will also connect Malaysian businesses to the ASEAN region. Ultimately, ASEAN will be a more accessible region as a whole for trade and investment.

“I’m very pleased that we have been able to extend our operations in the Malaysian market,” said Lamberto Barbieri, CRIF Asia Managing Director. “Through our expertise in credit information and range of technology solutions, we are well placed to help drive business development in the region forward, together to the next level.”

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