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Crif acquires PFM firm Strands

Crif acquires PFM firm Strands

Italian credit bureau and outsourcing company Crif has acquired personal financial management outfit Strands for an undisclosed sum.

Crif, which serves over 6,300 banks in 50 countries and received an AISP licence in 2019, says the combination will create a strong worldwide digital banking provider with expertise in access to account, account aggregation, and AI-powered BFM and PFM software.

Founded in in 2004, Strands has a global client base in North and Latin America, Europe and Asia.

“Strands is trusted by more than 700 financial institutions and over 100 million banking consumers as a key part of the financial ecosystem, and together with Crif can support the rapid growth of digital banking services," states Erik Brieva, Strands CEO. "Strands' mission is to enable banks to anticipate customer needs and proactively suggest next-best-actions, and we are excited about this opportunity to continue delivering on that promise.”

Comments: (3)

Leandro Gimeno
Leandro Gimeno - Strands Finance - Buenos Aires 30 March, 2020, 11:08Be the first to give this comment the thumbs up 0 likes

Happy to see Strands potential grow.

Seham Hanif
Seham Hanif - TD - Toronto 30 March, 2020, 14:00Be the first to give this comment the thumbs up 0 likes

Hello Leandro,

 

Can you share some possible use cases for this?

Leandro Gimeno
Leandro Gimeno - Strands Finance - Buenos Aires 30 March, 2020, 14:10Be the first to give this comment the thumbs up 0 likes

Sure Seham, more than happy to develop through gimeno@strands.com, in advance, Strands will enhance offering for banks benefit.

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