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.
Laurent Proutière, Head of International Trade and Transaction Banking in Asia-Pacific, said: “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.”
“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."
Laurent Proutière, Head of International Trade and Transaction Banking in Asia-Pacific, Credit Agricole CIB
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. 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.”
Matthieu Lerebours, Global Head of Products & Structuring, Receivables & Supply Chain Finance at Crédit Agricole CIB, said: “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.”
About Crédit Agricole Corporate and Investment Bank (“Crédit Agricole CIB”)
Crédit Agricole CIB is the corporate and investment banking arm of Crédit Agricole Group, the 10th largest banking group worldwide in terms of balance sheet size (The Banker, July 2023). More than 9,400 employees across Europe, the Americas, Asia-Pacific, the Middle East and Africa support the Bank’s clients, meeting their financial needs throughout the world. Crédit Agricole CIB offers its large corporate and institutional clients a range of products and services in capital markets activities, investment banking, structured finance, commercial banking and international trade. The Bank is a pioneer in the area of climate finance, and is currently a market leader in this segment with a complete offer for all its clients.
For more information visit www.ca-cib.com.
Media contacts
Demica
Dan O’Hara, Marketing Director
Crédit Agricole CIB
Andy Chan, Head of Communications, Asia-Pacific
Emily Liu, Assistant Manager, Communications, Asia-Pacific
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