Generalfinance, agreement with Fabrick to increase digitalisation

Generalfinance increases the RCF credit facility to 173 million euros

(Finance) – Generalfinancea company listed on Euronext STAR Milan and financial intermediary specialized in factoring for distressed SMEs, has signed an agreement with Fabricka company active in the field of Open Finance and controlled by the Sella group, for implement an STP type process (Straight Through Processing) which allows you to power your digital platform by exploiting the opportunities of PSD2.

In particular, thanks to the agreement with Fabrick, Generalfinance will be able to integrate the banking movements of its customers’ current accounts into its information system via API. The movement of current accounts will make it possible to optimize the reconciliation of collections from debtors, optimizing back office activities and costs.

“The path of progressive Digital Transformation has led us to be a true Data Driven Company today”, in which data constitute a fundamental element for decision-making and operational purposes, in particular in the context of credit evaluation and management, as well as risk monitoring – he said Massimo Gianolli, CEO of Generalfinance – The use of Fabrick’s Open Finance services represents a further step in the evolution of the Generalfinance platform”

“This collaboration fully embodies the spirit of Fabrick which acts as a link with the banking world for Generalfinance to optimize the credit disbursement process – he stated Paolo Zaccardi, CEO of Fabrick – Regulatory evolution has allowed access to account information, Fabrick’s technological capabilities actually make this possible”.