BIIA Member CRIF, and Teres Solutions, Inc. (Austin, Texas), one of the top three providers of direct and indirect lending software to credit unions and financial institutions, announced the acquisition of Teres Solutions.  Teres Solutions will operate as a wholly-owned subsidiary of CRIF.  Teres Solutions Technology to Be Sold Worldwide; Move Will Expand Services Available to Credit Unions and Financial Institutions in the U.S.

Teres Solutions, Inc. was founded in 2002 for the express purpose of developing direct and indirect lending software products that define the state-of-the-art for the financial institution market. Its Software Application for Integrated Lending (SAIL) direct and indirect lending products allow financial institutions to streamline lending decisions, increase revenue through enhanced loan application processing efficiency, improve dealer and member relations, and augment loan tracking and reporting capabilities. Teres Solutions has been recognized as a Microsoft certified partner with accredited core competencies. Visit for more information on Teres Solutions, its products and services.   To read the full story click on:

About CRIF:  CRIF specializes in the design, development and management of credit reporting, business information and decision support systems.  The company’s comprehensive range of information solutions, decision models, outsourcing systems, software and consultancy provide support to banks, financial institutions, insurance companies, utilities and general business companies. Thanks to the capability to develop long term partnerships with its clients, CRIF is the leader in credit and risk management solutions in several countries. CRIF was founded in 1988 as a domestic credit bureau in Bologna, Italy.  It has since expanded into the USA and Eastern Europe. For additional information, please access contact or visit

BIIA Newsletter July / August 2008 Issue