David Bazeley is an experienced professional with demonstrated history of working in the financial services and auto industry. Dave has been with CRIF Select over 10 years, helping financial institutions grow their auto loans through indirect lending.
CRIF Acquires Credit Bureau in Kyrgyzstan
CRIF ACQUIRES CREDIT BUREAU IN KYRGYZSTAN
Biškek (Kyrgyzstan) and Bologna (Italy), September, 23 2021 - CRIF, a global company specializing in credit bureau and business information, outsourcing and processing services, and advanced solutions for credit and open banking, has signed an agreement to acquire 70% of “Safe&Sound CJSC”, a credit bureau company in Kyrgyzstan. With the acquisition, the company name becomes "CRIF KG CJSC".
Founded in 2018, Safe&Sound CJSC was looking for a partner who could contribute, from both a strategic and technological point of view, to the development of the business in the country.
The strategy of the new Kyrgyzstan credit bureau will be to create a platform that, in addition to data from the financial world, will also manage information from alternative data sources such as telcos, insurance companies, and utilities, and in particular e-Government information, which in Kyrgyzstan are centralized in a single platform called Tunduk. In addition to this, CRIF KG CJSC will focus on “Cross-Border Data Exchange” between countries belonging to the EAEU (Eurasian Economic Union) that have signed an agreement for the exchange of information.
Thanks to its proven track record in the design and development of credit information systems worldwide, CRIF will manage information sent by Kyrgyzstan organizations through an advanced technology platform, which will integrate and consolidate all data on the reliability of a credit applicant into a single report.
Through its globally recognized experience in providing 360° lending solutions, CRIF will develop a set of value added services, offering significant advantages in the identification and assessment of customer creditworthiness.
“We are glad to be part of this new project in Kyrgyzstan, which reflects CRIF’s interest in and commitment to the region,” commented CRIF Chairman Carlo Gherardi. “CRIF has robust and recognized experience in operating and managing credit bureaus in very diverse environments, and we are confident we will bring significant advantages to the assessment of customer creditworthiness, reliability and level of indebtedness in Kyrgyzstan.”
“We strongly believe that this acquisition will bring important benefits to Kyrgyzstan organizations and their end customers; at the same time, it represents another important step in the consolidation of CRIF’s presence in Central Asia. With a wide presence in Europe and Asia, CRIF can truly offer integrated solutions across some of the world’s most important and strategic trade routes,” commented Simone Belluomo, CRIF Regional Market Leader.
CRIF is a global company specializing in credit bureau and business information, outsourcing and processing services, and advanced solutions for credit and open banking. Established in 1988 in Bologna (Italy), CRIF operates over four continents and is currently the leader in continental Europe in the field of banking credit information and one of the main operators on a global level in the field of integrated services for business & commercial information and credit & marketing management. Moreover, CRIF is included in the prestigious IDC FinTech Rankings Top 100, a ranking of the leading global technology solution providers to the financial services industry, and in 2019 completed its coverage as an AISP in 31 European countries where the revised Payment Services Directive is applicable. Today over 10,500 banks and financial institutions, 1,000 insurance companies, 82,000 business clients and 1,000,000 consumers use CRIF services in 50 countries on a daily basis. For more information: www.crif.com
In one single year, we doubled our production on our indirect lending.Toby Smith, VP of Lending SECU - MD
CONTACT CRIF SELECT
Connect with CRIF Today
Need more information about our dealer partner program for indirect lending? Schedule a consultation. Speak with a knowledgeable CRIF Select representative to answer your questions, see a demo or discuss your project in greater detail. We have your solution!