This will increase digital data available to assess creditworthiness.
Mastercard, together with partners N-Frnds and SGeBIZ and Finastra, have formed an alliance with the help of Asian Development Bank to create tech solutions for greater digital efficiency in the Asian retail supply chain and boost wholesalers’ access to credit.
Mastercard will use supply chain data from N-Frnds, SGeBIZ’s digital procure-2-pay platform and other sources to partner with Finastra and its Trade Bank customers to automate access to working capital finance.
This will increase the digital data available to assess creditworthiness and build new models for evaluation. Furthermore, access to the resulting credit will enable wholesalers to react more quickly to upcoming promotions, increase their inventory levels and build their businesses.
The alliance will leverage N-Frnds’ mobile solution, which optimises logistics and operations by connecting FMCG companies with wholesalers, to better communicate upcoming promotional efforts between suppliers and wholesalers.
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