CRIF and SIA sign partnership to boost banks’ digital transformation

Credit company CRIF and payment technology enterprise SIA have inked a strategic partnership agreement to offer open banking services and applications in Italy and Europe.

Through the agreement, the two entities hope to speed up banks, corporates and FinTechs’ digital transformation process.

Particularly, CRIF and SIA will help them incorporate the open banking aspects introduced by PSD2.

“We are delighted to announce this partnership with a global player such as SIA,” said Carlo Gherardi, CEO of CRIF. “The complementarity of our two companies represents a great value that we intend to deliver to our respective customers and their end customers.

“We are aware that the acceleration on the market caused by innovation will allow us to improve over time our integrated offer in order to reach the next levels with increasingly innovative and high-performing digital solutions.”

Nicola Cordone, CEO of SIA, added, “The reliability of SIA’s infrastructures and transactional services in the payments sector and the quality of CRIF’s information services, features already valued and recognised in Italy and abroad, represent an excellent combination that allows us to compete in Europe, confirming our leadership in innovation and supporting the financial market in the development of new operating models offered by open banking.”

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