(Tiper Stock Exchange) – Almawave, company of the Almaviva Groupa leader in Artificial Intelligence (AI), Natural Language Analytics and Big Data services e CBI extensiona company owned by 400 payment service providers which develops digital services in a collaborative logic, including those of open finance, in support of the financial industry and the Public Administration, announce that they have signed a partnership in the fintech field.
The agreement – explains a note – has as its object the provision of the Alternative Data solution for Smart Lending, or the offer of new fintech services to Italian banks and credit institutions, through the use of alternative data, provided by The Data Appeal Company, a company of the Almawave group. These, available by accessing multiple digital sources, online information and resorting to advanced Artificial Intelligence algorithms, make it possible to accurately analyze functional content and information to improve customer understanding and useful parameters for more effective operational management, increasingly oriented to sustainability.
The data provided to financial intermediaries, and constantly updated, allow the bank, for example, to have a series of extremely useful indicators in the process of analyzing the creditworthiness of individual customers. All in full compliance with privacy and regulations.
All this together with CBI’s Fintech experience, which with the international solution “CBI Globe” is able to allow players in the sector to reach, via a single connection, the domestic banking market and the main international hubs. In its role as an industry utility, for over 25 years CBI has been supporting the Italian financial industry in the digitization of financial services, helping to expand the level of integration and efficiency in the payments market in our country by enabling new business opportunities in the Open area Finance and Data Economy.
Valeria Sandei, CEO of Almawave he underlined: “The partnership with CBI facilitates the introduction of our Group’s solutions on the Italian Banking market and to take important steps forward towards an increasingly digital, data driven and sustainable banking institution model. This partnership, as is Almawave’s mission, aims to make the potential of Artificial Intelligence more tangible in people’s daily lives and, on the one hand, will allow banks, through data analysis, to better understand the situation and needs of customers, on the other hand it will allow us to offer customers better and more effective products, also reducing time to market”.
Liliana Fratini Passi, General Manager of CBI he highlighted: “CBI and Almawave open the doors to new open finance paradigms to allow Payment Service Providers to easily use fintech services characterized by high technological complexity. The development of valuable partnerships, such as the one with Almawave, provides the financial industry with an important experiential heritage, based on collaboration for better competition, which allows the creation of a new paradigm of increasingly innovative and sustainable ‘banking’ ”.