Monday 30 April 2018

​TINUBU SQUARE LAUNCHES INNOVATION LAB, FOCUSING ON TECHNOLOGIES & INNOVATION FOR INSURANCE AND THE TRADE FINANCE INDUSTRY

ISSY-LES-MOULINEAUX, France, April 26 (Bernama-BUSINESS WIRE) -- Tinubu Square, the industry leader in trade credit, surety and trade finance solutions, is proud to announce the launch of its ‘Innovation LAB’, focusing on blockchain, advanced integration and deep analytics for insurance and banking industry applications. The Innovation LAB has been created in order to explore the possible opportunities for trade credit platform solutions and to investigate emerging technologies before they disrupt the market.

“The launch of the Tinubu Square LAB represents our commitment to being the most complete provider of technology-based business solutions for trade credit, surety and trade finance” said Sébastien Méric, newly appointed head of Tinubu Square’s LAB. “We have two core principles with regards to the LAB. The first is to ensure that everything we are going to develop becomes integral to our existing enterprise best-in-class platform and secondly, that we innovate collaboratively with clients so that their needs and realities are addressed first. We will be innovative, we will be futureproof, but it’s also critical for our clients to be able to use these innovations seamlessly and productively. The LAB at Tinubu Square also represents a unique opportunity for our clients to collaborate, test and refine their own approaches to these technologies within the industry’s only fully digitized SaaS based solution. “

“Having already implemented innovative products through a long-term partnership with Tinubu Square, EDC (Export Development Canada) has high expectations of Tinubu being able to bring cutting edge technologies with predictable outcomes and benefits to our business and cost structures. For instance, in 2015 EDC launched Select Credit Insurance (SCI), offering Canadian companies Export Credit Insurance on select foreign buyers fully online in as little as a few minutes. This compares to a 15-day offline process before. We look forward to accelerated innovations through Tinubu Square LAB”, said Clive Witter, SVP Insurance & Working Capital Solutions at EDC.

“Those emerging technologies are opportunities to provide high value functionality to our customers throughout our platform. We wish to promote tools that will help them improve their decision-making process, to respond to the new challenges and opportunities emerging with the digitalization of the supply chain and trade finance, and to integrate with their extended ecosystem. The LAB will create value for the credit insurance and trade finance industry to further support trade and corporate development across the world.” said Jérôme Pezé, CEO and Founder of Tinubu Square.

“The LAB is really a continuation of our approach since we started. We have always been technology driven, with our focus being on optimizing our client’s capabilities, and we expect to deliver real impact with this investment and collaborative model,” said Olivier Placca, Deputy CEO and Co-Founder of Tinubu Square.

http://mrem.bernama.com/viewsm.php?idm=31770

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