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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.

Mexico City, Mexico, December 05, 2013 --(PR.com)-- 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.”
Contact Information
CRIF
Federica Vincenzi (Press Office)
00390514576111
Contact
www.crif.com

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