• C-Card, Cedacri Group company specializing in payment services, has obtained from Bank of Italy the permission to operate as first Payment Institution in Italy, a goal that allows Cedacri to complete the Group portfolio offering in the card market.
• Development of a five-year plan for the strategic development of Cedacri information systems, with a total investment about 37M €, as well as investment from year to year in the Master Plan, to further enhance service excellence of the Group.
• Technology development with projects aimed at strengthening both the hardware and software solutions: update mainframe systems through the adoption of next-gen machines, increased levels of the operating system, updating all the basic software and operating, and extension of virtualization techniques
• Major commercial results: growth of bank customers by offering full outsourcing and facility management (IWBank and Mediolanum), offer selective outsourcing for mid-sized banks (Group Carige and Credem), widening the customer base in the non-banking services through to facility management (Miroglio), expansion of a portfolio with new solutions and services (credit cards through its subsidiary C-Card and physical security services)
FINANCIAL DATA
Cedacri ended the year with a positive. In 2010 the Group completed a first important step in repositioning and recorded a significant expansion of clients. This led to a turnover of € 178.4 million with a net income of € 8 million for Cedacri SpA and a consolidated turnover of € 253.3 million with a ne It is very satisfactory results, which exceeded the planned budget, even after the general reduction of tariffs by 6% and the recognition of a bonus to some loyal customers, to support them in their budgets.t margin of € 2.3 million for the Group as a whole
2010 for Cedacri Group was characterized by::
• Significant investments in the development of application platform both to adapt to the new regulations, and to enrich with new functionality.
In particular, on the face of regulatory changes, the platform has been made compliant with respect to: new money laundering legislation, new regulations on payment services (SEPA and PSD), the formalities required by the Bank of Italy, the formalities required by Basel 2, MiFID Compliance, Transparency. On the enrichment of new functionality was realized: development of new platform for planning and management control Value Manager, adaptation Credit Rating System platform, development of the new procedure of Credit Origination, enrichment of the platform credit cards, mortgages application update, improve efficiency of Finance platform.