/wholesale banking

News and resources on transaction banking, corporate banking and supply chain finance.

TreasurUp and TradeCrediTech team up to digitse credit risk management

Source: TreasurUp

TreasurUp and TradeCrediTech (TCT) proudly announce their partnership which digitises credit risk management and trade credit insurance for small and medium-sized businesses (SMB) through banks.

“There is a lot to optimise in the world of trade credit insurance”, says Niels van Daatselaar, CEO of TreasurUp. “Most SMBs do know about or understand trade credit insurance products. Banks mainly refer to trade credit insurance brokers where a separate onboarding needs to take place. On top of that, most policies are still being generated offline”.

“Flemming Bengtsen, CEO of TCT adds: “Our platform connects TreasurUp and their clients to brokers and insurers including Nimbla. Offering a fully digitised and automated journey it is the future of trade credit protection”.

In this partnership TCT manages an insurance integration platform through which banks manage the trade credit insurance of their SMB end-users purchased through insurers. TreasurUp will offer the trade credit platform to certain banks and integrate it into their online Commercial Banking portal.

The Trade Credit Insurance module banks can offer their SMB clients includes: online credit checking, credit reports, suggested credit limits and ultimately request a policy for credit insurance, single invoice and buyer but also whole turnover products.

Both TCT and TreasurUp are insurer agnostic.

TreasurUp offers white-label solutions for Commercial Banking in the areas of FX Hedging, Cross-Border Payments, Cash Visibility & Forecasting, Excess liquidity, and Trade Credit Insurance. These solutions are offered via Web, Mobile and APIs.

TCT is the technology behind Nimbla, the ground-breaking UK credit insurance platform. They will deliver real-time risk insights and credit reports tailored to the SME users and allow them to transfer their trade credit risk via the network of international brokers and insurers on the TCT platform which includes Nimbla for the UK.

Comments: (0)