Unirec and Prelios Innovation: three-year strategic partnership for BlinkS platform

Prelios Innovation and UNIREC, Unione nazionale imprese a tutela del credito – the Confindustria SIT Association whose members represent 80% of the agencies and companies that offer credit management services – have signed a strategic partnership agreement to promote BlinkS, the digital trading platform for non-performing loans developed by the Prelios Group.

The platform will be presented to all UNIREC corporate associates, who, as providers of a wide range of services (from commercial information to loan recovery and purchasing), they will be able to decide whether to use it as sellers, buyers or transaction arrangers. Under the three-year agreement, the BlinkS Team will supply  technical and operational assistance for on-boarding to the platform and operating start-up.

According to UNIREC data, in the five years 2015-2019, amounts assigned and managed by its associates have almost doubled (+80%), a trend that reflects Italy’s economic situation and represents a tendency that will be confirmed in 2020.

More specifically, in 2019 the total positions managed by associates amounted to approximately 132 billion euro, and consisted largely of unsecured credits with aging above 3 years; of these, 81% arose from bank or financial borrowings (loans and mortgages), about 11% from utility and telco bills and only 2.5% from commercial credits (hire purchase arrangements).

UNIREC’s Secretary General, Michela De Marchi, said: “We are a high-value-added industry investing increasingly in digital systems to improve service quality In the current conditions – where the numbers are rising fast – a capacity for innovation will be crucial to industry competitiveness. The agreement with Prelios Innovation, which has developed solutions to digitalize the complex credit management process and make it even more effective, is a move in this direction.”

“We are particularly proud of this agreement where UNIREC, which has approximately 200 associates, has chosen BlinkS as one of its partners,” said Gabriella Breno, CEO of Prelios Innovation, the Prelios Group's Fintech specialist. “For BlinkS the partnership with UNIREC is an extremely important qualitative and dimensional advance: it enables us to broaden our buyer base with the arrival on the platform of professional operators who have successfully completed our KYC process and are signatories of the UNIREC-Consumers Forum code of conduct. A further demonstration of the close attention Prelios Innovation pays to counterparty reliability and professionalism, as a guarantee for sellers and the entire economic system. Equally, the agreement enables us to put in place another piece in our strategy for the expansion of the platform toward new asset classes and new areas of the NPL world.”