Crédit Agricole CIB partners with Demica to expand receivable and supply chain finance offering in Asia

Client successes
27/02/2024

To meet the increasing demand for supply chain finance in the Asia-Pacific region and deliver industry leading customer experience, Crédit Agricole CIB (the “Bank”), has launched the new Optim Receivables and Supply Chain Finance (RSF) platform, white-labelled by Demica, the market leading supply chain finance fintech.

A major milestone towards the Bank’s ambition to better deliver client needs through digitalisation, the Optim RSF Platform serves as a means 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 utilising the platform’s capacity to access financing of invoices in various currencies and in a large volume.
 

Demica's leading platform offers a full range of supply chain finance products to banks, who can white label the solution and tailor it to their customer needs. Demica has enjoyed a long partnership with Crédit Agricole CIB and is delighted that their customers in the Asia-Pacific region now have access to Receivables and Payables financing solutions all in one environment.
 

Implemented in less than a year, the teams have developed direct interfaces between Crédit Agricole CIB’s back office systems and the Demica Platform, including interest and FX rates, bespoke payment interface combined with tailored funding reports.

“We are excited about this new partnership with Demica. It is consistent with our strategy to leverage the fintech ecosystem to develop our value proposition and will be instrumental to continue supporting our clients unlocking working capital tied up in their supply chain across the region. We already on-boarded a large corporate as the first client and are hopeful that the new offering will gain ground across the region.”

Laurent Proutière

Head of International Trade and Transaction Banking in Asia-Pacific at Crédit Agricole CIB

“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. It builds on our long and highly-valued relationship with Crédit Agricole CIB which is founded on a mutual commitment to meeting the evolving needs of businesses engaged in cross-border trade. We are now looking forward to expanding the partnership into other products and regions.”

Maurice Benisty

Demica’s Chief Commercial Officer

“Our partnership with Demica enables us to offer customers cutting-edge supply chain finance services with security and simplicity, meeting the growing demand in our Asia business. 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. Thanks to full integration, which enables straight-through processing to facilitate large volumes and propel our business growth strengthening Crédit Agricole CIB’s position in the Global Receivables and Supply Chain Finance space. Looking forward, we are excited not only to improve our business but also enhance our product offering.”

Matthieu Lerebours

Global Head of Products & Structuring, Receivables & Supply Chain Finance at Crédit Agricole CIB

About Demica

Demica is a market-leading fintech, powering the trade finance programmes of the world’s largest trade banks and corporations. Demica’s proposition is simple: our intuitive, cloud-based platform enables financial institutions and corporates to automate and scale their working capital solutions. Trusted by major global organisations, Demica has US$28bn of Assets under Administration, across the full spectrum of working capital products. Funded by a diverse range of banks and institutional investors, these programmes enable companies to strengthen their supply chains and redeploy capital to drive growth.

Client successes
#AsiaPacific

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