FCI, the global representative body for the Open Account Factoring and Receivables Finance Industry together with Demica, the leading independent global provider of Working Capital Solutions, today signed a framework legal agreement to allow FCI members to access to the FCIreverse Platform.
Leveraging Demica’s best in class technology and FCI’s global network of inter-factor relationships this will enable FCI members to onboard buyers and suppliers in a transparent and seamless manner anywhere in the world. This is the first ever SCF agreement signed between a global trading network and a major technology partner.
FCI Reverse will allow FCI members to expand their service offering both for domestic and international business through FCI’s unique global network of nearly 400 members in 90 countries. Pilot members have been identified and testing of the platform will now commence. FCIreverse will be made available to all members at the end of the pilot stage, estimated to be completed by year-end.
FCI celebrates its 50th anniversary by launching a second business line that opens the world to FCIreverse. Details of FCIreverse and SCF in general will be presented during FCI’s 50th annual meeting in Amsterdam, 10-15th June 2018.
For more information about FCIreverse, please contact FCIreverse@fci.nl