Prelios Innovation CEO Gabriella Breno a guest of Caffè Affari in Class CNBC's new TV studios, for an interview with presenter Irene Elisei on Thursday February 13

Feb 13 2020

Prelios Innovation CEO Gabriella Breno a guest of Caffè Affari in Class CNBC's new TV studios, for an interview with presenter Irene Elisei on Thursday February 13. The topic was the distressed loans market and the role of digital platforms like BlinkS, the first Italian marketplace and one of the very first in Europe. “Italian banks have made great progress with their NPL sales programs,” Gabriella Breno told the Class Editori group TV.

"The challenges for the future are concerned with new types of non-performing credits like Unlikely to Pay credits; but once the credit has been sold, a new management and enhancement phase begins in a new context, the secondary market.” Digital credit management platforms like BlinkS “are strongly advocated by European regulators. They are an interesting solution for sales, providing vital support to facilitate the creation and expansion of a secondary market and make it as transparent as possible. Over the next few years,” said the Prelios Innovation CEO, “sales will be for smaller sums than in the past, but will be more frequent. They will be an integral part of bank strategy, but will need to be managed in a different way to be more effective and reduce management costs”.