Intesa Sanpaolo’s international factoring platform launched in Serbia
Banca Intesa introduced Confirming, its parent group Intesa Sanpaolo’s digital factoring platform, on the Serbian market.
The new platform, which is a unique solution for financing international supply chains, will enable suppliers (exporters) that operate in Italy, Romania, Hungary, Slovakia, Slovenia, Albania and Serbia to connect online and sell receivables towards buyers located in the above-mentioned geographies without recourse basis. The system will soon expand to Croatia and BiH. These countries, which operate within Intesa Sanpaolo’s International Subsidiary Banks Division (ISBD), are launching the platform after Italy, where this system operates successfully, with over 3,000 active companies.
The digital Confirming platform optimises liquidity management for buyers and ensures fast payments to suppliers, which reduces delay-related costs for both parties, and the risk of non-payment is eliminated. At the same time, the bank becomes a partner in the supply chain, which raises the level of trust both for buyers and for suppliers.