Manage Application Fraud Technology has been the biggest agent of change in recent times, and more so, in the financial services sector. Be it financial transactions, customer experience, marketing of new products or channel distribution, digitization has permeated all departments of finance. With terms like 'digitization' and 'cashless transactions' on the rise, most physical and time-consuming transactions have been replaced by fast and convenient, real-time payments. But all this convenience does not come without the risk of opening new avenues for frauds. Activities such as phishing, application fraud, identity fraud, and card skimming are increasing.
Get Up-to-Date Business Information Report & valuable Company Information From the Globe at your desk Companies all around the world looking for the highest quality business information can use CRIF solutions to help them achieve the best results in terms of profitability and healthy growth. CRIF has established a new approach to business information using on a scenario where decisions and risks are based on a complex and robust framework of value-added information, dynamically updated and revised. This means the creation of an ecosystem where data are linked to each other and can be transformed into information specific to different evaluation processes. SkyMinder is the CRIF platform which enables the global market to access commercial risk data and take better business decisions on worldwide companies.
Nasal Defects that Rhinoplasty can take care of! Whether it’s for aesthetic reasons or medical issues, rhinoplasty is the sought-after treatment for fixing nose-related problems. When done by experienced and qualified hands, it has the potential to correct your nasal defect and can enhance your facial balance and feature harmony. Cosmetic Laser Surgery Center is one of the trusted surgery centers that specialize in rhinoplasty.
Debt Collection Software CRIF solutions suite helps organizations to implement fully digital data-driven processes and transform the collection process into a profitable division. Contact is CRIFs 360 Degree solution for debt collection management. Contact collection management is a secure end-to-end debt collection solution that helps organizations to automate and streamline the collection process. Contact offers transparent processing and is scalable. It helps optimize collection cost and reduce human intervention by automating the routine operations.
Improve Your Collection Efficiency by Use of CRIFs credit solutions Manage your collections more efficiently by use of data, analytical and automation solutions provided by CRIF – reduce your cost and improve collection rates. Predictive Analytics Leverage power of statistics and analytics built on application data, credit bureau data and additional data points to help predict risk and support decisions. Our experts can build collections scorecards to make your collection process more robust. Our collections scorecards can help you improve your collection and recovery efficiency, reduce write-offs and decrease staff costs.
Buy or Lease a Car? Which One is Best? Buying and leasing have always been two good options for owning cars. More recently, the demands for a car increased after COVID-19 compelled many of us to give a miss to public transportation in fear of contracting the virus. Many families faced the hassles of traveling in the last few months owing to the lack of their own transportation. But not all of us are financially fit to buy a car or are inclined to own one for a long time.
30+ Years of expertise in credit risk modelling and decision analytics Lending is becoming more future-oriented and Predictive Analytics can help financial institutions be at the forefront of innovation. All types of credit risk management require data analytics, and increased data availability and processing tools will bring new credit risk management opportunities. Predictive analytics is the practice of deriving information from existing data in order to identify the likelihood of patterns and predict future outcomes and trends. It forecasts what might happen in the future with an acceptable level of reliability and incorporates what-if scenarios and risk assessment. MFI Sector Growth Falters and Defaults Rise with Assam Protests, Slowdown - CRIF Insights Growth in the microfinance sector has tapered and defaults are on the rise. The slowdown in the sector is being attributed to the recent spate of defaults in Assam, along with other factors like natural calamities, over-lending and liquidity issues in the non-banking finance sector. According to the latest report from CRIF High Mark, the credit bureau for the microfinance segment, Q2 of FY 2019-20 witnessed overall higher delinquency levels than in Q1. PAR 1-30 (portfolio at risk open for loans overdue between one and 30 days) was contained at one percent during the quarter ended June 2019 after rising to 2.9 percent in the quarter ended September 2018.
The Time is Now Ripe to Invest in Cybersecurity As the worldwide lockdowns imposed by the recent COVID-19 pandemic saw a majority of businesses shifting their operations online, the need for a strong cybersecurity platform has become more pressing than ever before. In a typical office setting, a centralized security option would have been enough to cover an office’s Wi-Fi and desktop computers. But are these solutions enough when your workers start working from home? In March last year (2020 – where it all started), the Department of Health and Human Services of the US – arguably the most developed country – was hit by a powerful cyberattack that had the potential to seriously disrupt its systems. Various SMBs in India have reportedly been facing a number of cyber-attacks like hacking, phishing, logic, and email bombing, denial-of-service, salami slicing, identity fraud, data diddling, and many more. Investing in the right cybersecurity solution
Due Diligence plays a critical role in minimizing & managing risk in a business In today's globalized economy, Due Diligence plays a critical role in making a success of a prospective business transaction, whether it be a merger, a contract with a new supplier or establishing a partnership with another company. The sole purpose of the due diligence is to minimize and manage risk before embarking in any kind of cooperation. At the end of the day, your company's standing, reliability, and degree of success, all depends upon selecting suitable and dependable customers, investors and partners. Our Business Information Reports can help you conduct due diligence checks and enable faster decision making without additional risk. With access to 200 million companies across the globe, CRIF's Business Information Reports helps you verify the identity of companies, validate shareholders and minimize risk associated with third-parties.
Credit scoring companies have to invest in tech and price their products right: CRIF India In this segment of BFSI Tech Tales, Pinkesh Ambvat, CIO & IT Director, CRIF India, shares the technology strategy at the credit bureau, and how they view failure and innovations in the technology roadmap. Credit scoring companies consume and analyse enormous amounts of data and to ensure that they remain competitive they've to deploy and invest in technology effectively to price their products in a competitive market. Pinkesh Ambvat, CIO & IT Director, CRIF India, in this segment of BFSI Tech Tales shares the strategy on how they've built their platforms since inception in India and what are their plans in adopting emerging technologies, cloud adoption and shares some points on failure as well. Edited Excerpts: Technology Stack At CRIF High Mark, Pinkesh shares, services provided to Indian customers (financial institutions) are developed in India as compared to their competitors.
The Credit Risk Management Models transform a rigid credit process to an automated process Balancing continuously changing demands, while providing superior service, quicker responses, improved results and better control requires an innovative and flexible solution like CreditFlow Business Process Management (BPM), which transforms a slow, rigid and unenforceable credit method to an automated, paperless and manageable end-to-end process. CreditFlow is an agile and innovative business process management (BPM) suite built specifically for credit processes like customer onboarding and loan origination. CreditFlow automates the end-to-end process, from information gathering e to approval and booking, orchestrating manual activities with workflow and document management, connecting participants and integrating all systems involved to meet your credit process needs either with a pre-defined or customizable solution.