BFC Bulletins Monthly News Digest
Tags Customer Experience Digital Banking
Italian banking group UniCredit has teamed with Italian FinTech company FinDynamic to enhance its working capital offering for corporate clients. The partnership will allow bank clients to offer suppliers early payment of invoices in exchange for a discount that changes dynamically in relation to the number of days discounted from the original invoice’s due date. FinDynamic’s solution allows both buyers and suppliers to automatically view invoices through a web-based or mobile platform and select approved invoices for early payment, which could help free up needed working capital earlier than ever before.
