NEWS
Crédit Agricole CIB partners with Demica to expand receivable and supply chain finance offering in Asia
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 .”
Vudoo appoints Billy Kinchin as Chief Product Officer
Vudoo has appointed former Google senior executive Billy Kinchin as Chief Product Officer .
Kinchin spent more than 15 years at Google , where he held a number of strategic engineering and product roles across the UK and APAC regions .
Prior to Vudoo , he served as the head of APAC at Oovvuu , a publishing technology scale-up .
Billy Kinchin , Chief Product Officer , Vudoo
Vudoo has established partnerships with publishers including News Corp , Are Media and New Zealand Media and Entertainment ( NZME ).
Other Vudoo clients include Forever New , S & P Global and Kohler , with the company facilitating executions in campaigns across global brands such as Hilton , Samsung , Moët & Chandon , Burberry , Dyson , Lexus , Hotel Clicquot and Sunday Riley .
“ Billy ’ s extensive product experience , strategic mindset , and passion for technology will make him an invaluable asset to our company ,” said Vudoo CEO Nick Morgan .
“ His expertise is perfectly aligned with Vudoo ’ s mission to help clients benefit from the new paradigm shift in advertising and e-commerce towards off platform ‘ retail everywhere ’ shopping experiences driven by the likes of TikTok and Amazon Anywhere .”
Kinchin said : “ Vudoo is shaping a new content commerce category with its unique technology which takes advertising and elevates it to harness the power of ecommerce .
“ I ’ m looking forward to helping the industry extract more value from video so advertisers , publishers and consumers can get the full benefit of these next-generation e-commerce experiences .”
In 2023 , Vudoo expanded its operations to North America and opened an office in London .
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