Arcares and modefinance together, for the automation of factoring in Italy

modefinance 20 December 2021

Ending 2021 with several important announcements: last but not least, the one we recently defined together with Arcares, part of the Lutech Group and Italian leader provider for Factoring solutions.

A strategic agreement for the integration of the proprietary platforms K4F and Tigran, giving life to the first fully digital and integrated system for the Factoring management automation, on an open finance perspective.

By virtue of the agreement, modefinance and Arcares integrate Tigran – a patented "Rating-as a-service" solution – within the K4F solution – Keystone for Finance, the leading Factoring platform in Italy – to allow the automation of analyses and management of the entire resolution procedure within the credit line, elaborating in an accurate and flexible way all the criteria of assumption.

Specifically, the resulting technological solution is designed for the best automated management of the ECP (Electronic Credit Processing) and the analysis flow, based on pre-established criteria and parameters, to obtain a real-time verification in the process of assessing the feasibility or otherwise of an investigation. Practically, Tigran will contribute to increasing the credit risk assessment capabilities within the K4F, with its own characteristics of modularity and high flexibility within the procedure.

"The partnership between Arcares and modefinance is part of the digital evolution plan of Arcares' K4F Platform, already leader in Italy, in its components of Electronic Credit Processing and digital onboarding platform. The junction of Arcares and modefinance systems, significantly implements process automation in the portfolio's assessment, increasing customers' ability to grow their business volume", the words of Angelo Mezzacasa, General Manager of Arcares.

Mattia Ciprian adds: "We are proud of this partnership, which brings together the highly distinctive technological capabilities of two companies that have established themselves for their ability to bring innovation, being today a national point of reference for Fintech. A constant growth in demand for Artificial Intelligence tools -to digitize and automate processes-, the value attributed to the use of alternative data and an increasingly strong market orientation to Nowcasting, testify that this partnership looks in the right direction. Data and information that are not limited to witnessing a situation in a given moment in the past, but allowing to photograph current situations and be constantly updated, represent today the most effective starting point for decision-making processes".