In the age of global ecommerce marketplaces, Factfin supports global trade solutions for small business that cover single transaction requests, and near real time processing. The platform combines multiple sources of trade data, receivables risk models and partnerships to cover the extended supply chains of any bank’s customers.
Help your small business clients confidently trade in the global marketplace with access to trade risk cover to over 50 million businesses across 240 countries.
Factfin’s Single Transaction Cover API brings global trade finance products previously only available to large corporates. With Single Transaction Cover API your small business clients can now confidently;
Factfin combines technology and data science to deliver our Single Transaction Cover APIs. Our global risk coverage is delivered through a partnership with Euler Hermes. With more than 100 years of experience, Euler Hermes is the global leader in trade credit insurance, insuring global business transactions for over US$900 billion every year. As a subsidiary of Allianz, Euler Hermes is rated AA by Standard & Poor’s.
Read more at www.eulerhermes.com
A bank can simply integrate Factfin’s Single Transaction Cover APIs into their digital service offering. Requesting cover follows four simple steps:
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Factfin’s supply chain data analytics tools are adaptable and can work in any secure cloud data environment, including Amazon Web Services, Microsoft Azure Services and Google Cloud Platform. Factfin is also a partner of Data Republic.
We can work with any anonymisation and encryption tools that banks use to protect sensitive data.
Facfin’s API can integrate trade credit insurance into a bank’s trade finance products, either to cover single transactions or a portfolio. Underwritten by Euler Hermes, a correctly structured trade finance program can allow for the default risk to be covered by an AA Rated insurance policy, creating the ability for a bank to obtain Basel III capital relief against unsecured lending.
Factfin started as a consultancy firm in 2012 working with The World Bank and a number of leading global brands - including Beer Lao, Coca-Cola, P&G, and Unilever, researching trade finance requirements for small businesses. In 2015 we evolved into a fintech - specialising in trade data risk models that provide small business access to trade finance products.