BEIJING, DECEMBER 8, 2019

CRIF China joins the first meeting of the Credit Management Professional Committee of China Mergers & Acquisitions Association

On December 8, the first meeting of the Credit Management Professional Committee of China Mergers & Acquisitions Association (CMAA) was held in Beijing, marking the official establishment of the Committee.

In order to promote the link between industry, academia, and research, and strengthen research and exchange in the field of credit management, CMAA established the Credit Management Professional Committee under the guidance and support of the All-China Federation of Industry and Commerce.

The committee is composed of individual and institutional members, categorized into 7 professional teams, including the Commercial Credit Team, Capital Market Credit Risk Team, Individual (Small and Micro Enterprise) Credit Team, Credit Risk Quantitative Analysis Team, Big Data & Fintech Team, Credit Law Team, and Social Credit Team.

The Committee invited Enrico Lodi as an expert consultant. Mr. Lodi is the President of the Association of Consumer Credit Information Suppliers (ACCIS) - the European Credit Reporting Agency Trade Association, board member of the Business Information Industry Association (BIIA), and General Director of CRIF.

As a member of the organization, CRIF, represented by Lily Zhou, General Manager of CRIF China, received the letter of appointment and delivered a speech. As the largest credit reporting company in Europe, CRIF creates value by supporting businesses to perform better and consumers to manage their credit health with a comprehensive range of professional skills and solutions. CRIF has credit reporting system projects in nearly 30 countries, and also operates a one-stop international business information solution SkyMinder – a platform with in-depth credit, financial and business information on over 200 million companies in more than 230 countries around the world. Rooted in Europe, CRIF has the fastest & most comprehensive business information from Europe. CRIF can support and cover business information in more than 96% of Belt and Road countries.

CRIF's credit risk management platform and solutions have served thousands of financial institutions worldwide, and are used by more than 25 financial customers in China, from banking, insurance, auto finance, microfinance, Internet finance, and credit reporting industries. 

By combining the advantage of managing credit reporting systems and the years of experience in serving financial institutions, with China’s policies and corporate characteristics, it is expected that the solutions provided by CRIF can effectively solve the financing difficulties faced by individuals and enterprises. One the other hand, by taking advantage of the wide data coverage in Belt and Road countries and all over the world, CRIF will be able to assist Chinese companies in solving their practical difficulties.

CRIF is a global company specializing in credit bureau and business information, outsourcing and professing services, and credit solutions. Established in 1988 in Bologna (Italy), CRIF has an international presence, operating over four continents (Europe, America, Africa and Asia).

CRIF works alongside banks and financial institutions, insurance companies, businesses, telco and media, and utility and energy companies in every phase of the customer relationship to achieve growth, mitigate risk, reduce end-to-end processing costs and be compliant-ready. CRIF helps its customers to accurately target, acquire and manage customers through timely and reliable assessment of credit and commercial risks as well as marketing. CRIF’s offerings also create value for portfolio management, through careful and constant asset monitoring, strategy definition for business expansion, and debt collection. The end-to-end credit value chain is supported by a software platform to effectively transform strategies into processes which achieve tangible results.

Thanks to its ability to develop long term partnerships with its clients, CRIF is the leader in the provision of solutions for the retail and SME (small and medium-sized enterprises) markets in Italy and in several other countries, and its credit bureaus facilitate the credit underwriting process and credit access for households and businesses.