To meet the increasing demand for supply chain finance in the Asia-Pacific region and deliver industry leading customer experience, Crédit Agricole CIB has launched the new Optim Receivables and Supply Chain Finance (RSF) platform, white- labelled by leading supply chain finance fintech Demica.
A major milestone towards the bank’s ambition to better deliver client needs through digitalisation, the Optim RSF Platform serves to improve automation and minimise operational risks.
With this strategic partnership, clients will be able to optimise working capital requirements through the inclusive digital platform and meet their extensive global receivables and supply chain finance needs utilizing the platform’s capacity to access financing of invoices in various currencies and in a large volume.
Laurent Proutière, Head of International Trade and Transaction Banking in Asia-Pacific, said: “We already on- boarded a large corporate as the first client and are hopeful that the new offering will gain ground across the region.”
Maurice Benisty, Demica’s Chief Commercial Officer, said: “This exciting development extends our supply chain finance platform to more businesses in the Asia-Pacific region, enabling them to optimise their working capital and support business growth.”
Matthieu Lerebours, Global Head of Products & Structuring, Receivables & Supply Chain Finance at Crédit Agricole CIB, said: “With this offer, in addition to meeting their working capital needs, our clients will now have a seamless experience with Payables and Receivables financing solutions within the same platform.”
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