back Back

Al Etihad Credit Bureau and Tradeling team up to offer UAE businesses better credit facilities

By Leandra Monteiro

June 03, 2022

  • AECB
  • Al Etihad Credit Bureau
  • B2B Transactions
Share

Al Etihad Credit Bureau, AECBAl Etihad Credit Bureau (AECB) signs an agreement with Tradeling, the Middle East and North Africa’s dominant eCommerce platform focused on business-to-business (B2B) transactions to facilitate offering buyers on the platform better credit facilities.

Parties will work on digitising the credit assessment and facilitation process of the credit history of enterprises and SMEs looking to avail of any of the platform’s credit finance offerings, which will become a major element of Tradeling’s decision-making process upon assessing the risk of the applicant’s credit finance request.

As part of the agreement, local and international sellers on the platform will be able to identify companies with a good credit rating and extend financing terms, offering them an opportunity to focus on growth and scaling up their businesses with financial ease. Additionally, Tradeling will act as a non-financial institution, reporting borrowers’ positive and negative payment behaviours to Al Etihad Credit Bureau.

Marwan Ahmad Lutfi, Chief Executive Officer, Al Etihad Credit Bureau said, “This collaboration will positively empower the B2B platform to boost its participant’s businesses through facilitating credit facilities with attractive payment terms based on the extensive information provided in the credit reports and score. As a result, our credit reports and credit scores will not only help Tradeling make informed decisions but will also allow them to generate informed foresights and KPIs, eventually leading them to sustainable prosperity for market players through better cash flow management.”

Tradeling will report to AECB the repayment behaviour of companies, which availed of credit facilities so that it will show in their credit report which will ultimately impact their credit score.

Marius Ciavola, Chief Executive Officer, Tradeling said, “To further drive the growth of our customer’s businesses and reduce credit risk exposure, we are committed to promoting best practices through essential collaborations. The collaboration with AECB is a key step toward better understanding and serving our consumers, as well as differentiating service offers for clients with a good credit history.”

AECB’s products better help support decisions relating to investment and credit targets to reward companies’ ability to maintain timely payment schedules and creditworthiness and access the best products and offerings within the industry. Companies can rely on AECB’s robust products and capabilities to assess companies’ financial risks.

Previous Article

June 03, 2022

Wes Schmidt joins Alviere as Chief Revenue Officer to lead global expansion

Read More
Next Article

June 03, 2022

Foxen closes $44m Series A round to fund revolutionary FinTech solutions in real estate

Read More








IBSi Daily News Analysis

Cybersecurity, financial services

May 17, 2024

AECB

Most of KSA organizations uses AI in their cybersecurity strategies, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

May 16, 2024

Cashinvoice adds former TATA Motors VP, Ramesh Dorairajan to its Advisory board

Read More

May 16, 2024

Celerant & Sezzle offer BNPL functionality at the Point of Sale

Read More

May 14, 2024

Mexico’s BNPL Aplazo secures $70m in equity funding

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023