Securitization becomes social and helps families in difficulty

The Giornale di Brescia newspaper also wrote about the social securitisation project launched by MyCredit, the first institutional investor to set up a €50 million fund and an ad hoc task force for its implementation. Mirko Tramontano, CEO of MyCredit, explained that this project "can really make a difference for many families who are currently suffering the consequences of rising mortgage interest rates. Our innovative credit management model has enabled us to create a very useful tool that, until now, had remained on paper. At a time when trade associations and politicians are also seeking answers to these social issues, we believe that it is the responsibility of businesses to get involved and help provide concrete solutions." Furthermore, adds Dario Bettinelli, COO and co-founder of MyCredit, ‘we have identified social securitisation as a tool capable of producing social and economic value. We are proud to be the first in Italy to dedicate real resources to this tool and to be able to pave the way for its dissemination in the NPE sector.’