We think you have liked this presentation. If you wish to download it, please recommend it to your friends in any social system. Share buttons are a little bit lower. Thank you!
Presentation is loading. Please wait.
Published byJorge Killingsworth
Modified over 2 years ago
© 2006 CRIF International Credit Bureau Experience: Focus on Eastern Europe BACEE Credit Bureau Roundtable Budapest, April 21 st 2006 Petr Kucera Managing Director – CCB Czech Credit Bureau CRIF Group
© 2006 CRIF 2 Table of contents CRIF Introduction Why a Credit Bureau? CEE and CIS markets: benefits from CB Credit Bureaux development: the road map CRIF: Competence and Flexibility International Credit Bureau Experience: Focus on Eastern Europe
© 2006 CRIF 3 CRIF international dimension CRIF is one of the main international groups specializing in the development and management of credit reference agencies and decision support systems for the retail credit markets CRIF is the leader in Italy, with over 440 client banks and financial institutions and 85% of Italian branches connected daily online with its services CRIF has been successfully expanding credit bureaux activities in the CEE region (to-date involvement in 4 registries (Czech Republic, Slovakia, Croatia, Russia) Through alliance with TransUnion, we jointly manage the largest number of bureaux worldwide among international specialised operators. CRIF Introduction
© 2006 CRIF 4 Tampa Mexico City Bologna Milan London Prague Bratislava Moscow National Bureau of Credit Histories
© 2006 CRIF 5 Bureaux – CRIF worldwide market place Different types of our Bureaux involvement Credit Bureau: in the emerging markets it is strategic to support and speed up the economy growth; Insurance Bureau: essential in mature markets to streamline operations and strengthen fraud detection; B2B Bureau: essential in mature markets as a strong companies support for completing public information and for the early detection of payment delay. CRIF worldwide marketplace
© 2006 CRIF 6 CRIF worldwide market place Czech Credit Bureau: Today: Banking Credit Bureau (June 2002) Non Banking Credit Bureau (launch July 2005) Shared Credit Bureau (launch January 2006) Portfolio Monitoring Services Tomorrow: Credit Bureau Score Credit Application Processing Credit Anti-Fraud Systems SME, B2B extension CRIF worldwide marketplace
© 2006 CRIF 7 CRIF worldwide market place Slovak Credit Bureau: Today (operating since 2004): Banking Credit Bureau Tomorrow: 2006 - Non Banking Credit Bureau Credit Bureau Score Credit Application Processing Credit Anti-Fraud Systems CRIF worldwide marketplace
© 2006 CRIF 8 CRIF worldwide market place Russian Credit Bureau: In partnership with TransUnion and NBCH National Bureau of Credit Histories Sept 05 – Launch of Credit Bureau & Application Processing for Credit Cards and Personal Loans Approx. 400 Banks Members CRIF worldwide marketplace
© 2006 CRIF 9 CRIF worldwide market place Croatian Credit Bureau: Kick off 20 September and go live in May 2006 In partnership with TransUnion and HROK - Hrvatski Registar Obveza Po Kreditima CRIF worldwide marketplace
© 2006 CRIF 10 Our Credit Bureau Partners Buro de Credito IRISH CREDIT BUREAU Ireland Mexico Sweden Russia NBCH Germany Brazil Poland Croatia Canada Repùblica Dominicana
© 2006 CRIF 11 Provider of complex decision support solutions Credit Reporting (Individuals and SMEs) Business and financial information (Company profiles, Financial data, Judgements, etc.) Business Intelligence and decision support systems (Scoring and Rating) Software and Processing services for management StrategyOne CreditFlow Collection - Information Planning & Development Customer Acquisition Portfolio Management Debt Collection CRIF Introduction
© 2006 CRIF 12 Positive Data Credit Bureau Benefits Limitations of a negative Credit Bureau which can be overcome with a positive Credit Bureau model No distinction of shade of black Missing global view on credit positions of a person Not sufficient information on risk of overindebtedness No individual early warning signs in worsening macroeconomic situation – leads to general default levels Substantial reduction of new business generation without positive data. Possibility to override internal policy or result from credit scoring function with positive record in the Credit Bureau Examples from abroad: 14 EU member countries operate positive data bureaux Efforts to switch from negative to posivite in a number of countries (Hungary, Hong-Kong, Latin America, etc.) Establishments in process only consider postive bureaux (Croatia, Russia, Ukraine, Romania, Serbia, Bulgaria, etc.) International CB models
© 2006 CRIF 13 Why a Credit Bureau in CEE and CIS market? Why a CB ? Commercial and Retail Market Large Cos and A Clients Retail and Small Business market Current Clients Under- Served Market Emerging & Transition Market issues: Low competition level Focus on Corporate lending Low focus on SME lending No relation with SME & Consumer
© 2006 CRIF 14 CB role in emerging market Understand the basic principles of CB qualities Aggregate main phases and start the data sharing process Design the most appropriate corporate structure by thinking globally and acting locally Technical infrastructure Quality - auditing process Commercial policy and evolving plan CEE and CIS markets: benefits from CB From 3 to 10 years!! From 6 to 12 months
© 2006 CRIF 15 Benefits for Credit Grantors: Assess overall indebtedness level of clients Avoid Credit Shopping Reduce transaction time and costs Apply rates according to risk level Increase operation volumes at the same risk level Helps avoid lending to consumers who cannot or will not repay (History) Why a CB ? Why a Credit Bureau in CEE and CIS market?
© 2006 CRIF 16 Benefits for Borrowers (consumers and small business): Get credit more easily Obtain lower rates according to own risk level Be protected against future over-indebtedness Lower costs of borrowing (Lower risk=lower interest rates) Security of personal data (Information is only accessed with consent for specific purposes) Why a CB ? Why a Credit Bureau in CEE and CIS market?
© 2006 CRIF 17 Bank A : A mortgage from a local bank where salary is paid - Paid monthly - Up to date Fourth - Public information & Other: - No court judgements - Applied twice for credit in last 2 years - Never lies on application form - No adverse government records Leasing company B: A leasing car loan - Paid monthly - Up to date Bank C: An unsecured credit card from a new, foreign bank - Paid monthly - High interest Why a CB ? Challenging puzzle
© 2006 CRIF 18 Bank A : A mortgage from a local bank where salary is paid - Paid monthly - Up to date Fourth - Public information & Other: - No court judgements - Applied twice for credit in last 2 years - Never lies on application form - No adverse government records Leasing company B: A leasing car loan - Paid monthly - Up to date Bank C: An unsecured credit card from a new, foreign bank - Paid monthly - High interest Why a CB ? Challenging puzzle
© 2006 CRIF 19 Bank A : A mortgage from a local bank where salary is paid - Paid monthly - Up to date Fourth - Public information & Other: - No court judgements - Applied twice for credit in last 2 years - Never lies on application form - No adverse government records Leasing company B: A leasing car loan - Paid monthly - Up to date Bank C: An unsecured credit card from a new, foreign bank - Paid monthly - High interest Why a CB ? Challenging puzzle
© 2006 CRIF 20 Bank A : A mortgage from a local bank where salary is paid - Paid monthly - Up to date Fourth - Public information & Other: - No court judgements - Applied twice for credit in last 2 years - Never lies on application form - No adverse government records Leasing company B: A leasing car loan - Paid monthly - Up to date Bank C: An unsecured credit card from a new, foreign bank - Paid monthly - High interest Why a CB ? Challenging puzzle
© 2006 CRIF 21 Suggested Credit Bureau data content Positive and negative information Private individuals; sole traders; SME & corporate data Type of contracts Instalment operations: (Personal/consumer loan; Mortgage loan; Construction savings loan; Investment loan; Operational loan; Leasing; Export/import loan) Non-instalment operations: (Credit line on current account; Factoring) Credit cards & revolving operations: (Credit cards; Charge cards; Revolving loans) Other public & private external databases CEE and CIS markets: benefits from CB
© 2006 CRIF 22 Credit Bureau services evolution From the delivery of credit reports … Output APPLICATION FORM -------- ------ Branch Credit Bureau Applicant Id and Matching Codes, Number of Contracts, Global Exposure, Credit Behaviour, No. of Banks and Financial Institutions, … Input CB development: the road map
© 2006 CRIF 23 … to the management of Decision Processes PUBLIC DATABASES CREDIT BUREAU DATA & BUREAU SCORE BUSINESS RULES APPLICATION SCORE Database Integration, Policy Rejects, Credit Policies, Business Rules, Scorecards, Decision Matrix, … Credit Bureau Output APPLICATION FORM -------- ------ Branch Input CB development: the road map
© 2006 CRIF 24 Our experience with outsourcing of decision processes BEHAVIOURAL PORTFOLIO MANAGEMENT CREDIT BUREAU APPLICATION PROCESSING FOR PRIVATE CONSUMERS AND SMALL BUSINESS BENCHMARKING PLANNING MARKET DEVELOPMENT NEW MARKETS NEW BUSINESS AREAS CB development: the road map
© 2006 CRIF 25 To run a World Class Credit Bureau CRIF support is available in the following areas: Benchmark Consulti ng Gap Analysis Certifica tion Legal Security Operations Marketing Technical
© 2006 CRIF 26 The right people for you Thank you
© 2005 CRIF The right people for you © 2005 CRIF CRIF for banking and financial institutions CRIF is one of the main international groups specialized.
Role of Credit Bureaus and Registries Session 1 – Asymmetries of information, regulatory frameworks, improving transparency and financial knowledge Serena.
1 How to Use Credit Bureau Data to Better Manage Retail Portfolio Vasil Verulashvili Head of Credit Risk Bank of Georgia January 2014, Tbilisi.
© 2007 CRIF Group Czech Credit Bureau – A successful path to establishing Credit Bureau Kiev, June 7th, 2007 Petr Kučera Managing Director, Czech Credit.
EDITEL & eXite Belgrade, May 11, 2011 Franz J. Humenberger ®
1 Growth of bank credit in central and eastern Europe: housing markets and the role of foreign-owned banks Dubravko Mihaljek Senior Economist Bank for.
The ABCs of Credit Credit Scores Establishing Credit Maintaining Good Credit Credit Cards Managing Credit Challenges.
Peer Learning Event - October 2, 2008 Brussels, Belgium Trends and Challenges in Lending Technologies Gilles Galludec, Principal, Program Manager PBGI.
REALISING BOSNIA AND HERZEGOVINAS EUROPEAN POTENTIAL: FROM WAR ECONOMY TO CREDITWORTHINESS AND SUSTAINABILITY MACRO AND FISCAL FRAMEWORK Ljerka Marić,
Credit Bureau Garry Wood. 1.What is a Credit Bureau (the “CB”) 2.About the CB & how it works 3.What impact does it have on consumers 4.What impact does.
Introduction to global Experian Sales: $3.9 billion Profits: $910 million Market cap: £6.7 billion In top 50 of FTSE-100 Net Debt: $1.6.
Outsourcing in data management: Credit Application Processing
Financing Essentials for Public-Private Partnerships United Nations SU/SSC Training Course September 19, 2006.
1 The importance of credit bureau and need of legal framework for it LITHUANIA.
Croatian Trade Export Credit Insurance in support of
Credit Bureau & SMEs Lending in Palestine Ali Faroun The World Bank Strengthening Accountancy as a Foundation for MSME Sector Development and Job Creation.
25 seconds left…...
FINEST S.p.A. 20 YEARS OF EXPERIENCE OVERSEAS 500 DEALS APPROVED 270 MLN € TOTAL INVESTMENTS AMOUNT.
Session: Financing Euro-Asian Cooperation Czech-Asian Forum Business, cultural and education exchange Prague / 2 nd March 2009 Eva Anderová International.
Cost Management ACCOUNTING AND CONTROL
Financing Alternatives for SME Exporters OACFDC Annual Conference June 2005 Mary L. Palmer Relationship Manager EDCs Financial Services for Small- and.
CHAPTER 10 CREDIT You’re in Charge
We help customers worldwide to grow their business by employing our reliable software and cost-effective services to turn their IT strategies into timely.
1 PrivatBankmarket leader in Ukraine PrivatBank has a strong competitive position with a clear focus on Retail Banking and SME Lending No. 1 bank by capital.
APECCAM Cameroon Bankers’ Association Mathieu Mandeng PRESIDENT.
Activity 1………….Why Do You Need A Bank? Activity 2………The Many Services of a Bank Activity 3…The ABCs of a Chequing Account Activity 4………Opening a Chequing.
Global Problems--Regional Implications Presentation to the 5 th Vienna Economic Forum: Investment Possibilities in the Countries from the Adriatic to the.
Turkish Economy “Recent developments” Ekrem Keskin November 2008.
1/23 Existing Cooperation Initiatives in the Black Sea Basin & Building Sustainability.
The Way into New Markets Key Partner of Czech Exporters and Their Customers Abroad June 26, 2013.
ABTC Business Training & Consultancy 1 AZERBAIJAN BANK TRAINING CENTRE Knowledge path to successful business about ABTC July 01, 2008.
© 2006, Experian-Scorex Proprietary and Confidential #1#1 Credit Bureau – EMEA Business Overview Roberto Giannantoni.
Zoran Bohaček Croatian Quants Day 22. II Business reasons to analyse a credit registry database.
1 GLOBAL CRISIS ISSUES AND CHALLENGES FOR THE ARMENIAN FINANCIAL SYSTEM VAHE VARDANYAN Head of Financial system policy and financial stability department.
Understanding Financial Management and Securities Markets
Chapter Outline Hedging and Price Volatility Managing Financial Risk
The National Standards and Quality System Jean-Louis Racine The World Bank Cambridge, England April 19, 2007 Knowledge Economy Forum VI Technology Acquisition.
1 Practical and Business Implications of Basel 2 for UK Mortgage Lenders. Bruce T Porteous 29 April 2004.
August 2003 Investor Relations Online and Surveys of Reporting on Corporate Social Responsibility (CSR) in 11 Central and Eastern European (CEE) Countries,
Italy Bosnia-Herzegovina Brazil Bulgaria China Hungary Poland Russian Federation Romania Serbia Ukraine USA Strategic consulting and internationalization.
1 ©2006 MDM Bank – Strategic Planning Department IBLF Improving financial literacy and responsible lending: the MDM experience Michelangelo Mazzarelli.
Jeopardy Q 1 Q 6 Q 11 Q 16 Q 21 Q 2 Q 7 Q 12 Q 17 Q 22 Q 3 Q 8 Q 13
1 Banking Risks Management Chapter 8 Issues in Bank Management.
The Federal Reserve System Chapter 14 Copyright © 2010 by the McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin.
EBRD: Understanding the Drivers for Russian Asset Securitisation Tõnu Pekk Principal Banker Structured Finance and Securitisation.
Russias Image Among Foreign Investors Key findings from survey and focus group research conducted April – May 2007 by HART RESEARCH P e t e r D ASSOTESCIA.
JJ Mois Année Competitive Intelligence as a key decision factor in Komercni banka André Léger Executive Director, Marketing.
The World Bank and Institution Building in the New Member States and Candidate Countries Financing Growth and Cohesion in the Enlarged EU Daniela Gressani,
1 Accenture Agenda Our Mission Our Company Company Services Company Structure Company Revenues Employees Our Clients Our People.
Research Department 1 Global Economic Crisis and the Israeli Economy Herzliya conference Dr. Karnit Flug Research Director, Bank of Israel February 2009.
© 2017 SlidePlayer.com Inc. All rights reserved.