20-12-2022

Almawave, an Almaviva Group company and an Artificial Intelligence (AI), natural language analysis and Big Data services leader and CBI, a company with 400 payment service provider members that collaborate to develop digital services, including open finance services, to support the financial industry and public administration, announce the signing of a fintech partnership.

The agreement seeks to provide an “Alternative Data for Smart Lending” solution, i.e., offering new fintech services to Italian banks and credit institutions through the use of alternative data, provided by The Data Appeal Company of the Almawave Group.

Valeria Sandei, Almawave’s Chief Executive Officer, underlined: "The partnership with CBI supports the introduction of our Group's solutions into the Italian banking market and the taking of key steps towards an increasingly digital, data-driven and sustainable banking institution model".

Liliana Fratini Passi, General Director of CBI, highlighted: "CBI and Almawave open the door to new open finance paradigms to enable Payment Service Providers to easily use fintech services featuring significant technological complexity".

To learn more, read the press release on Almawave website.