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4 FinTechs innovating credit management services in Europe

By Gloria Methri

February 06, 2024

  • Credit Analysis
  • Credit Management
  • Credit Monitoring

Credit Management, Credit Score, Personal Finance Management, Credit Monitoring, Credit Analysis, Debt Collection, FinTech, UK, EuropeCredit management involves the supervision of credit provided to customers by businesses for purchasing goods and services. It plays a vital role in maintaining a business’s financial health, managing cash flow, and minimizing losses from unpaid debts.

This process comprises various stages including credit assessment, analyzing creditworthiness, monitoring credit activities, collecting debts, legal action, and reporting.

The credit management landscape is evolving rapidly in Europe, driven by technological advancements, data-driven insights, and the need for greater efficiency and risk mitigation in a competitive business environment.

Let’s look at four FinTechs offering innovative and comprehensive credit management services in Europe:

CRIF is a global company specialising in credit and business information systems, analytics, outsourcing and processing services, as well as advanced digital solutions for business development and open banking. Established in 1988 in Bologna (Italy), CRIF has an international presence, operating over four continents (Europe, America, Africa and Asia).

The end-to-end credit management platform allows businesses to manage the whole origination phase of the credit lifecycle, through process design, application management and data orchestration. The Decision Engine enables data-driven decisions, based on process standardization across the whole organization.

Headquartered in Leeds, Lowell is one of Europe’s largest credit management companies with a mission to make credit work better for all. It operates in the UK, Germany, Austria, Switzerland, Denmark, Norway, Finland, Sweden, and Amsterdam.

Lowell’s combination of data analytics insight and robust risk management provides clients with expert solutions in debt purchasing, third-party collections and business process outsourcing. With its ethical approach to debt management, the company looks for the most sustainable and fair outcome for each customer’s specific circumstances.

Pepper Advantage is a global credit intelligence company that offers a range of data-led and credit management services via a technology platform that spans Asia, Europe, and the UK. The company operates in multiple asset classes including residential and commercial mortgages, real estate, SME loans, asset financing and leasing, auto and consumer loans, credit cards, retail finance and BNPL.

Pepper Advantage helps investors, financial institutions, FinTechs, and banks manage their credit portfolios, reducing the cost and complexities of systems and supporting new non-bank lending, with a particular focus on clients whose customers are underserved by traditional mainstream lenders.

QUALCO is one of the leading FinTech solutions providers in the Credit Management sector. It offers a wide range of analytics-driven, highly scalable enterprise software solutions in over 35 countries worldwide. More specifically, it offers end-to-end technology solutions for NPL & Receivables Management, Data Analytics, Loan Management, Supply Chain Finance and Dynamic Discounting.

QUALCO’s services also include debt management, workflow automation, and compliance solutions, catering to various industries such as banking, consumer finance, and utilities. It aims to enhance profitability and mitigate risk for its clients through innovative technology and expert services.

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