Al Etihad Credit Bureau and Tradeling join forces to provide businesses in the UAE with better credit facilities

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Al Etihad Credit Bureau and Tradeling join forces to provide businesses in the UAE with better credit facilities

By Leandra Monteiro

Today

  • CAMC
  • Al Etihad Credit Agency
  • B2B transactions

Al Etihad Credit Agency (CAMC) signs an agreement with Tradeling, the dominant e-commerce platform in the Middle East and North Africa focused on business-to-business (B2B) transactions to facilitate offering buyers on the platform better credit facilities.

The parties will work on digitizing the process of credit assessment and facilitating the credit history of companies and SMEs wishing to benefit from one of the platform’s credit financing offers, which will become a major part of the process. Tradeling’s decision-making when assessing the risk of the applicant’s request. application for credit financing.

Under the agreement, local and international sellers on the platform will be able to identify companies with good credit ratings and extend financing terms, giving them the opportunity to focus on growth and expand their business with financial facility. In addition, Tradeling will act as a non-financial institution, reporting positive and negative payment behaviors of borrowers to Al Etihad Credit Bureau.

Marwan Ahmad Lutfi, Managing Director, Al Etihad Credit Bureau said, “This collaboration will allow the B2B platform to boost the business of its participants by facilitating credit facilities with attractive payment terms based on detailed information provided in reports and credit score. As a result, our credit reports and credit ratings will not only help Tradeling to make informed decisions, but will also enable it to generate informed forecasts and key performance indicators, eventually leading them to sustainable prosperity for market participants. through better cash flow management.

Tradeling will report to the AECB on the repayment behavior of businesses that have taken advantage of the credit facilities to show in their credit report what will ultimately affect their credit score.

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

AECB products help better support decisions around investment and credit goals to reward companies’ ability to maintain timely payment schedules and creditworthiness and access the industry’s best products and offerings. ‘industry. Businesses can rely on AECB’s robust products and capabilities to assess business financial risk.

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