Press Release Distribution

Members Login  |  Register  |  Why Join?   Follow us on Google+Follow us on TwitterFind us on LinkedInFind Us on FacebookSubscribe to our RSS FeedsSubscribe to our YouTube ChannelFind us on RebelMouse

Video Releases    |    Pricing & Distribution Plans    |    Today's News    |    News By Category    |    News By Date    |    Business Directory
All Press Releases for December 05, 2013 »
RSS Feeds RSS Feed     Print this news Printer Friendly     Email this news Email It    Create PDF PDF Version   

GFC Selects CRIF Solution For Consumer And SME Lending In Trinidad And Tobago

CRIF, leading provider of decision-support systems in Central America and the Caribbean has been selected by General Finance Corporation (GFC) as a strategic partner.
x-small text small text medium text large text

    MEXICO CITY, MEXICO, December 05, 2013 /24-7PressRelease/ -- CRIF has a proven track record in delivering similar high-performing solutions for banks and financial institutions in the Americas as well as on a worldwide level through the CRIF Group.

Specifically SOL, the CRIF Mexico Decisioning as a Service (DaaS) solution for automated credit decisions powered by CRIF Decision Engine StrategyOne, will help GFC profile consumer and SME credit applicants in real time.

The CRIF solution tailored for GFC is composed of a web front-end system that gathers all the information needed for the evaluation of a credit application based on the type of product selected using application scoring models specifically developed for different types of credit products, such as auto, personal and small and medium enterprise loans. The ability to customize credit policies and strategies, including score distribution segments, and to integrate internal and external data sources, such as Credit Bureau information, will help GFC identify areas of risk and streamline the assessment of credit application processes. Additionally, StrategyOne, the CRIF decision engine platform, will enable GFC to identify the right targets, increase customer loyalty, boost sales and profits while reducing the overall default rates and optimizing risk management.

Curtis Tobal, GFC Chief Executive Officer, commented: "We have selected CRIF for its proven track record in the provision of both credit scoring and decision solutions. We are convinced that the new system will lead to significant benefits for our institution. As an outsourced decisioning service, SOL will allow us to make quicker decisions and focus on acquiring new and profitable customers, and ultimately improve the overall experience of our customers."

Stefano Stoppani, CRIF Director for Latin America and the Caribbean, said: "CRIF is very pleased to support GFC in its growth plans in the Trinidad and Tobago credit market with our Decisioning as a Service solution. We have already supported several financial institutions in the region and worldwide, helping to increase customer acquisition and profitability whilst avoiding excessive risk assumption. In an increasingly competitive financial marketplace, it is key for financial institutions to implement effective decision-making processes, and our solution will enable the organization to move quickly from information gathering to action".

"Moreover the partnership with GFC in Trinidad and Tobago represents a further step in the growth of CRIF's presence and commitment to offering advanced solutions in the Caribbean region, following on from the Dominican Republic, Jamaica and Barbados".

GFC was established in 1974 as a subsidiary of the Neal & Massy Group of Companies to provide loan and deposit taking services in support of the rapidly expanding new vehicle division of Neal & Massy Automotive.

The company has grown since then to accumulate assets of well over $400 million with a staff of 30.

GFC, with two branches in Port of Spain and San Fernando, enjoys a reputation as one of the leading finance companies in the country in terms of its size and longevity and it continues to meet the business needs of Corporate, Commercial and Individual clients with over 3,000 registered customers.

CRIF, located in Mexico, offers added-value services ranging from analysis to consultancy, outsourcing, and software solutions to Latin America and the Caribbean.

As part of a global Group, CRIF specializes in the development and management of credit reporting, business information and decision-support systems. Established in 1988 in Bologna (Italy), CRIF has an international presence, operating over four continents (Europe, America, Africa and Asia).

The company supports banks and financial institutions, insurance companies, utilities and businesses in every phase of client relations.

More than 2,400 banks and financial institutions all over the world use CRIF services on a daily basis.

Press release service and press release distribution provided by

# # #

Read more Press Releases from Press Office:

Contact Information:
Press Office

Bologna, BO
Voice: 00390514176111
E-Mail: Email us Here
If you have any questions regarding information in this press release, please contact the person listed in the contact module of this page. Please do not attempt to contact 24-7PressRelease. We are unable to assist you with any information regarding this release. 24-7PressRelease disclaims any content contained in this press release. Please see our complete Terms of Service disclaimer for more information.