Crédit Agricole CIB & Demica to expand supply chain finance offering in APAC

By Gloria Mathias

Crédit Agricole CIB has launched the new Optim Receivables and Supply Chain Finance (RSF) platform, white-labelled by Demica, the supply chain finance FinTech to meet the increasing demand for supply chain finance in APAC.

The bank aims to better deliver client needs through digitalization, and 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, utilising the platform’s capacity to access financing of invoices in various currencies and in large volumes.

Demica’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.

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, a bespoke payment interface, and 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 in continuing to support our clients in unlocking working capital tied up in their supply chain across the region,” said Laurent Proutière, Head of International Trade and Transaction Banking in Asia-Pacific at Crédit Agricole CIB

Maurice Benisty, Demica’s Chief Commercial Officer, shared, “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, stated, “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.