A challenger strengthens positions in Asia: Creditinfo opens a subsidiary in Singapore

After several years of actively listening to the market’s needs and expectations, the international innovator in credit risk management solutions’ – Creditinfo – has opened a subsidiary in Asia.

Counting the success of the full scope credit bureau solution implementation in Indonesia, launched back in 2017, as well as the positive results from various decision analytics and consultancy services in the region, Creditinfo opens its doors with a dedicated team of top-level professionals based in Singapore to meet the increasing demand for a fresh and innovative approach in credit risk management and fintech, as well as to be closer to the company’s existing clients in order to serve them better.

“First, we had to show results, and now we can open a company in Asia. That’s the Creditinfo way of earning trust,” – states Stefano M. Stoppani, CEO of Creditinfo Group.

He emphasises that the opening of Creditinfo Asia Pte. Ltd marks a key milestone in Creditinfo’s growth path, as Creditinfo has been preparing for it for several years.

“We feel welcome, thanks to the beautiful partnerships we have already built with prominent industry players, among which – Pefindo Credit Bureau, the leading credit bureau in Indonesia – where we provide credit information solutions. Our company has been facilitating access to finance for both individuals and companies around the globe for more than 20 years, therefore our accu- mulated experience, expertise in fintech and unique solutions can tangibly benefit this rapidly growing continent, representing 60% of the world’s population and we are looking forward to some good growth all together,” Stoppani concludes.

Johnny Lim, director at Creditinfo Asia Pte. Ltd says that “based on our constant interactions with the stakeholders in the financial services industry, we see traditional lenders facing increased competition from existing ones, fintech companies and an increasing number of start-ups presenting innovative approaches towards lending, financial discipline and the industry in general. In order to be more competitive, banks and multi-finance companies in Asia are modernizing their processes while looking at countless opportunities to serve the unbanked and strengthening their risk management capabilities. Creditinfo Asia provides hands-on and innovative solutions to support the full credit lifecycle, however, I can highlight services, such as psychometric scoring, IFRS 9 compliance, as well as decision analytics and support systems, which would be a great fit in assisting lenders throughout their modernisation journey.”