Elevate Customer Evaluation with Speed and Reliability

CRIF Open Banking Suite provides a secure and efficient way to access payment accounts, accelerating creditworthiness evaluations for both businesses and consumers. Banks and lenders can easily access current account transactions and categorise real-time data for targeted profiling, KYC/KYB, improved risk management and loss mitigation techniques.

Financial institutions can gain valuable insights from current accounts to credits, by utilising CRIF's cutting-edge machine learning and artificial intelligence solutions. This dynamic process profiles spending behaviours for affordability assessment, credit risk evaluation and product personalisation.

Thanks to this instant and more accurate credit profile, banks and lenders can strengthen the relationship with their customers to help them manage their finances in an informed way and promote financial inclusion.

Covered industries

Icon Public SectorBanking Icon InsuranceInsurance Icon SMEs BlueSMEs
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OPEN BANKING FOR CUSTOMER ONBOARDING

  • Identity verification for KYC
  • Account verification for KYC
  • Transaction categorisation for data collection and validation
  • Accounts aggregation for data collection and validation

OPEN BANKING FOR LOAN ORIGINATION

  • Credit risk for pre-screening and decision
  • Cash flow analysis for pre-screening and decision
  • Affordability check for pre-screening
  • Fund check for pre-screening
  • Tenant screening for decision
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OPEN BANKING FOR CUSTOMER MANAGEMENT

  • Transaction categorisation for early warning
  • Transaction categorisation for business development
  • Transaction categorisation for monitoring
  • Marketing insights for business development

Key benefits

Unlocks In-depth Customer Understanding

Upgrading your profiling processes and harnesses powerful insights, decoding customer behaviour and trends in real time.

Actively Mitigates Risks

Reducing losses and creates robust risk mitigation strategies.

For businesses

Elevates Customer Relationships

Improving your customer knowledge through active customer management.

Streamlines Marketing and Sales

Deploying differentiated and targeted marketing intelligence, our suite empowers you to devise compelling cross-/upselling strategies and plans.

Success Stories

Tier-1 Lender

Our client needed to improve their scoring model, time-to-market, and digital customer profiling. In addition, they wanted to incorporate insights into new data assets and reduce their rejection rate. The results: 50% automatically processed applications, reduced form filling by 7 mins, and 59% rejection rate decreased.

Success Stories

Fintech Company

Our client needed to increase their approval rates and risk assessment, particularly for the medium-risk area. They also managed to optimise time-to-market to develop a greater customer experience and fully digital journey. The result: +50% increase in automatic approval rates, 2x more granted loans for their digital customers, and -20% reduction in rejection rates.

Success Stories

Credit Card Issuer and Financial Services Provider

Our client wanted to promote financial inclusion and adopt an effective creditworthiness evaluation system. This included, access to bank account through consent collection, instant credit score evaluation and custom KPIs. The results: 60% bank account holders sharing their data and +20% acceptance rate after the second evaluation.

Other solutions

Credit Passport CRIF

Credit Passport

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Categorisation Engine & Analytics CRIF

Categorisation Engine & Analytics

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