CRIF - - a
global company specialising in credit and business information systems as well
as advanced digital solutions for business development and open banking - is in
53rd place in the IDC FinTech Rankings
2021.
For the ninth consecutive
year, CRIF is one of the top 100 FinTech companies on a global level. Now in
its 18th edition, IDC FinTech is the annual ranking that includes the main
international financial technology providers based on turnover deriving from
their financial institution clients and in relation to hardware, software, and
services. These providers supply the technological backbone of the financial
services industry, an industry in which IDC Financial Insights forecasts
worldwide spending on IT across the globe to be $590 billion (USD) by 2025.
“Despite the pandemic, CRIF has continued on its development
path and confirmed its international growth and investment plans, further
accelerating the expansion of its range of innovative FinTech solutions. In
this regard, the considerable investments made over the years both to develop
advanced digital and open banking solutions and to diversify activities on a
global level are enabling us to grow, even at a time severely affected by the
health and economic emergency - commented
Carlo Gherardi, CEO of CRIF. "The fact that IDC Financial Insights
has included CRIF in its prestigious ranking of the main global FinTech
operators for the ninth year running not only makes us proud, but also provides
an important endorsement of our ongoing commitment to serving the financial
industry through a data-driven approach, state-of-the-art technology, and a
strong propensity for innovation."
Business development in
technology solutions serving financial institutions has significantly
contributed to the growth of CRIF’s global revenues, which even in such a
difficult year as 2020 saw consolidated revenues grow to EUR 567 million
compared to EUR 557 million in 2019, while EBITDA amounted to EUR 126 million
compared to EUR 108 million in the previous year. Overall, the substantial
investments made over time to diversify activities both on a geographical
level, with a direct presence that currently extends to around 40 countries
across 4 continents, and in the development of highly innovative services, able
to improve the customer experience and achieve operational excellence, have
guaranteed CRIF considerable resilience, even in this period characterised by
the health and economic emergency.
In line with its global
positioning, the CRIF industrial plan for the three-year period 2021-2023 involves global investments totalling EUR
350 million, which are in addition to the EUR 119 million in 2020, already
up on the EUR 90 million a year earlier. Added to this is the CRIF Digital suite, an innovative
solution that allows credit institutions, as well as insurance companies,
telcos, utilities and businesses to seize all the opportunities generated by
Open Banking through an open and collaborative technology platform, data layer,
and advanced analytics.
"IDC is honoured to recognise the technology providers that appear on
the 18th annual IDC FinTech Rankings - concludes Marc DeCastro, Research Director of IDC
Financial Insights. These are
the companies that have shown commitment to the financial services industry and
their appearance on the list is a testament to that dedication.”