In Hungary, CRIF Zrt., the newly established CRIF Group company based in Budapest, obtains a license from the Hungarian Financial Supervisory Authority to establish the first private and voluntary credit bureau system in the country.
CRIF acquires FLS, a Dallas based company and leader in the supply of indirect lending solutions, as well as Aimbridge Indirect Lending LLC and Member Lending Acceptance LLC (headquartered in Denver, Colorado), a company specializing in integrated lending support solutions in the automotive sector.
CRIF announces the acquisition of the Italian subsidiary of Dun & Bradstreet (D&B), the most important player on an international level in the area of business information.
In July 2008, CRIF acquires Teres Solutions, a company based in Texas (USA). Teres Solutions develops advanced direct and indirect lending solutions, representing the benchmark in the financial services markets.
Starting from 2008, CRIF consolidates its presence in the North and Central American market through Magnum (based in Atlanta, USA) and CRIF S.A. de C.V. (based in Mexico City), through which decision support and software solutions are developed.
At the start of 2007, the Polish company InfoData, established in 1990 as a division of the National Chamber of Commerce, also joins CRIF Group. Starting from 2008, the company takes the name CRIF Sp. Z.o.o, and offers the Polish market high added-value business information services and up-to-date credit reports on Polish and foreign companies, as well as decision support models, outsourcing, software and consultancy services.
CRIF further extends its presence in Eastern Europe, acquiring INFIN in the Slovak Republic, a company specializing in advanced business information services, subsequently merging into SCB – Slovak Credit Bureau.
With the aim of strengthening its role and relationships with financial institutions in the strategic markets of New Europe, CRIF is involved in setting up CCB - Czech Credit Bureau and SCB - Slovak Credit Bureau, and subsequently acquires 100% of the capital. These companies manage credit bureaus in the Czech Republic and Slovak Republic, respectively.
The strategic alliance with the American company TransUnion, leader in the NAFTA market, leads to the establishment of a joint venture, developing custom business solutions based on statistical models in Mexico (TransUnion CRIF Decision Solutions S.A. de C.V.) and for the Canadian and Central and South American markets (TransUnion CRIF Decision Solutions LLC).
