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Crédit Agricole CIB, Demica partner on RSF platform
Offering enables more businesses in Asia-Pacific to optimize working capital
The Asset 27 Feb 2024

To meet the increasing demand for supply-chain finance in the Asia-Pacific region and deliver industry leading customer experience, Crédit Agricole Corporate and Investment Bank (Crédit Agricole CIB) has launched the Optim receivables and supply-chain finance (RSF) platform, white-labelled by supply-chain finance fintech Demica.

The platform serves as a means to improve automation and minimize operational risks. With it, clients will be able to optimize working capital requirements through the inclusive digital platform, and meet their global RSF needs using the platform’s capacity to access financing of invoices in various currencies and in a large volume.

The fintech’s platform offers a full range of supply-chain finance products to banks, which can white-label the solution and tailor it to their customer needs. The fintech has enjoyed a long partnership with the bank and, it says, “is delighted that its customers in the Asia-Pacific region now have access to RSF solutions all in one environment”.

Implemented in less than a year, the teams have developed direct interfaces between the bank’s back-office systems and the fintech’s platform, including interest and foreign exchange rates, and bespoke payment interface, combined with tailored funding reports.

“This development extends our supply-chain finance platform to more businesses in the Asia-Pacific region, enabling them to optimize their working capital and support business growth,” says Maurice Benisty, the fintech’s chief commercial officer. “It builds on our relationship with the bank, and we are now looking forward to expanding the partnership into other products and regions.”

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