Finatext Launches 'Credit Information Module' on Credit Business Platform 'Crest'

Finatext Group's Finatext Corporation (Headquarters: Chiyoda-ku, Tokyo, Representative Director and CEO: Akane Kinoshita, hereinafter 'Finatext') has announced the start of providing the 'Credit Information Module', which allows for the standalone introduction of credit information inquiry functions to designated credit information agencies on the credit business platform 'Crest'.

Background Lending, installment payment, and post-payment services, among others, which involve credit to consumers, have been rapidly expanding in recent years. In these businesses, inquiries to designated credit information agencies are an indispensable process for appropriate credit judgment. On the other hand, utilizing credit information in-house requires high-specialized responses such as membership and usage procedures, construction of communication infrastructure, data linkage, system testing, creation and transmission of reporting data, etc., which involve time, cost, and technical burdens. Therefore, there is a growing need for mechanisms that can flexibly incorporate credit information inquiry functions into existing services and review flows.

Overview of 'Credit Information Module' This module is a service that realizes the connection to designated credit information agencies, credit information inquiries and acquisition, utilization of acquired data, and creation and transmission of reporting data in an integrated manner. By incorporating credit information inquiry functions into existing systems or services via API, it supports the advanced credit judgment and the efficiency of review work.

◯ Main Features Automation of Credit Information Inquiries Inquiries that were previously done manually are transitioned to system-based automatic inquiries. The transmission of inquiry requests to the acquisition and return of results as structured data are all automated. Advanced Credit Judgment Utilizing Credit Information Acquired credit information can be obtained and utilized in a form that is easy to incorporate into review logic, supporting the advanced credit judgment. Automatic Format Conversion and Transmission of Reporting Data Reporting data received via API is automatically converted to the prescribed format of designated credit information agencies and transmitted. Flexible Integration with Existing Systems The design allows for the addition of credit information inquiry functions without significantly changing the existing review flows or service platforms of the introducing companies.

＜Overall System Diagram of Credit Information Module＞ ＜Main Functions of Credit Information Module＞

Introduction Support by Finatext For the introduction of this module, Finatext provides comprehensive support from membership procedures to designated credit information agencies, system connection, testing response, and post-introduction operation. Introducing companies can significantly reduce the burden of connection and operation responses that require high specialization while incorporating credit information inquiry functions into existing services or review flows.

◯ Support Contents Support for Membership Procedures Accompanying support is provided from preparation of applications to response to reviews for membership procedures necessary for utilizing credit information. Support for System Connection and Testing Response System settings, data linkage, and testing responses necessary for connection to credit information agencies are supported, reducing the response burden on the introducing companies. Post-Introduction Operation Support Inquiry operations, creation and transmission of reporting data, and improvement of operation rules after introduction are continuously supported.

Expected Use Cases Automation of Credit Information Inquiry and Registration Update Operations For companies already affiliated with designated credit information agencies, API linkage is used to automate manual operations such as credit information inquiries and registration updates, supporting the reduction of operational burden, prevention of input and transcription errors, and improvement of processing speed. Support for New Entrants in Loan, Installment Payment, and Post-Payment Services For companies considering new entry into businesses involving consumer credit such as loans, installment payments, and post-payment services, comprehensive support is provided from membership procedures to designated credit information agencies, system connection, introduction of credit information inquiry functions, and post-introduction operation.

Future Prospects Finatext will provide the 'Credit Information Module' to various industries involved in credit businesses, such as customer reviews in subscription businesses and corporate finance. Furthermore, through the expansion of 'Crest' function modules, we will promote the construction of an environment where not only financial institutions but also a wide range of companies can flexibly incorporate credit-related functions into their own services.

【About Credit Business Platform 'Crest'】 'Crest' is a cloud service that simultaneously realizes business efficiency improvement and user experience (UX) optimization using the latest AI technology. It digitizes core processes of credit business such as credit, lending, repayment, balance management, and customer management, enabling efficient business operations aimed at paperless, automation, and labor-saving. It also covers the front-end parts such as applications, borrowing, and repayment, providing seamless and comfortable user experiences. Furthermore, leveraging its highly flexible and scalable architecture that allows easy process replacement and improvement, it provides some functions as business modules via API.

https://smartplus-credit.com/crest

About Finatext Group Finatext Group, with the mission to 'reinvent finance as a service,' is a group of companies providing financial infrastructure for the AI era. We re-examine the ideal form of financial services from the user's perspective and develop new financial services together with our partner companies. Our group includes 'Finatext Corporation,' which develops new financial services by reviewing the ideal form of financial services from the user's perspective and working with partner companies, 'Nowcast Co., Ltd.,' which provides alternative data analysis services, 'Smartplus Inc.,' which provides securities business platforms, 'Smartplus Short-Term Insurance Corporation,' which provides next-generation digital insurance, and 'Smartplus Credit Inc.,' which provides systems and operations necessary for lending services in an integrated manner, aiming to realize a world where finance is more closely aligned with people's lives.

Finatext Corporation Finatext Corporation is responsible for the fintech shift business and financial infrastructure business in the insurance sector within the Finatext Group, which provides financial infrastructure for the AI era. Under the slogan 'To the new realms of finance at the fastest speed,' the fintech shift business, as a professional collective that realizes the evolution of financial institutions, guides from the current situation to the realization of the future in an integrated manner. Leveraging rich practical experience and user understanding as a financial service provider, as well as flexible response and overwhelming speed, we have developed innovative services such as 'Money Canvas' by Mitsubishi UFJ Financial Group, which provides multiple financial services on a single platform, and 'AHARA' by Sumitomo Life Insurance Company, which allows the purchase of variable annuity insurance via smartphone. In the financial infrastructure business, we support companies engaged in financial DX with 'Inspire (Inspire),' an insurance business platform, and 'Crest (Crest),' a credit business platform as its axis. Finatext aims to realize a world where finance is more closely aligned with people's lives by creating new financial services that have not existed before.

Company Name: Finatext Corporation Representative: Representative Director and CEO Akane Kinoshita Established: Keywords: