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Lutech Group announces the birth of Finwave
The new entity in the Financial Solutions world was born from the union of four companies-Arcares, CSTTech, Finance Evolution and Liscor
Lutech today announced the birth of the new IT reality of financial services and products Finwave SPA from the merger of Arcares, Liscor and Finance Evolution, which will soon involve CSTTech as well.
Becoming part of the Lutech Group had already enabled these realities, leaders in their respective niche markets, to establish themselves and grow in a consolidating market that requires realities with great financial and structural critical mass.
The companies, which belong to the Financial Services industry of the Lutech Group, have taken the same strategic path in recent years and now become a single 50-million-euro entity that combines knowledge and skills of all the professionals that comprise them: Factoring, Leasing, Consumer Finance, UTP, NPL, Banking, Securities and Regulatory.
"For Lutech Group, the birth of Finwave represents an important driver for growth in the Financial Solutions and Credit Management sector," said Tullio Pirovano, CEO of the Lutech Group. "This merger allows us to become stronger, more structured and more credible, creating a large and solid reality for clients, partners, offering the best development opportunities for the team that is the real protagonist."
"Finwave, thanks to the vertical expertise of each of the merged realities, aims to become the reference reality in Italy in the world of credit management solutions," said Willy Burkhardt, CEO of Finwave, "both in the world of performing and impaired loans (UTP and NPL) and will be able to guide companies in the sector in their end-to-end digital transformation journey. This allows us to have diversified approaches across multiple targets, from small financial intermediaries to large banking groups, in all areas of our expertise, in a scalable and flexible way."
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