SACE SIMEST announces innovative Fintech partnership with Ebury to support Italian SMEs
SACE SIMEST, the export and internationalisation hub of Cassa Depositi e Prestiti Group, and Ebury, one of Europe's leading Fintech companies offering global transaction banking services to businesses, have signed a partnership which will facilitate access, especially for SMEs, to a number of insurance and financial solutions that can improve their international competitiveness.
Thanks to this collaboration, Italian exporters will have access to a range of highly digitized services for 360° protection of all risks related to international operations. The integrated service will give Italian SMEs protection against credit risk (via products from SACE SIMEST) and FX risk in over 130 currencies (via Ebury’s services).
“The partnership with Ebury allows us to offer to Italian SMEs innovative, transparent and competitive solutions in order to manage the volatility of foreign currencies, a very important variable for all those companies, especially the smaller ones, which trade with international markets – said Alessandro Decio, CEO of SACE - We are creating a digital platform, innovative and easy to access, where we wish to include also other important Fintech, like Ebury, with the aim to bring an increasing number of Italian companies to export all over the world, fully unleashing their potential. We are convinced that this is the first of further agreements with other Fintech, that operate in a complementarity way to SACE SIMEST, and that can increase support and competitiveness to the export of Italian SMEs.”
Juan Lobato, co-founder and CEO of Ebury, added, "Ebury’s mission is to help SMEs to grow in the global market, both by working directly with them as well as by collaborating with other leading financial institutions. With this strategic partnership, SACE SIMEST gets to the forefront of the collaboration between Export Credit Agencies and innovative Fintech companies: we are honoured to work with such an important institution to support the global growth of Italian businesses". Paolo Giabardo, Chief Commercial Officer at Ebury , continued “We are really excited about the partnership with SACE SIMEST and how this will expand our support to Italian SMEs. This partnership is further validation of the effectiveness of our business model in providing transactional services to small and medium enterprises competing in the global market”.
For Italian businesses, the joint offer will also improve liquidity management and simplify international transactions, combining the services of SACE SIMEST, aimed at optimizing working capital, with the offer provided by Ebury, which aims to make international collections more efficient by offering currency accounts in more than 30 currencies and in more than 20 countries.
This is one of the first partnerships in Europe between an Export Credit Agency and a Fintech company and it represents a further milestone in the digital transformation process implemented by SACE SIMEST.
Finally, this collaboration will support Italian SMEs with an increased awareness of their exposure to currency volatility, access to dedicated specialists and world leading insurance and financial services to support their international growth.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190918005819/en/
Contact information
Ebury media enquiries:
Temple Bar Advisory
Alex Child-Villiers
alexcv@templebaradvisory.com
+44 (0)7795 425 580
William Barker
williamb@templebaradvisory.com
+44 (0)7827 960 151
Sam Livingstone
saml@templebaradvisory.com
+44 (0)7769 655 437
About Business Wire
Business Wire(c) 2018 Business Wire, Inc., All rights reserved.
Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
New Phase 3b Interim Data from STARDUST Study Show Two-Thirds of Patients with Moderately to Severely Active Crohn’s Disease Achieved Clinical Remission After Two Doses of STELARA® (ustekinumab)14.2.2020 07:00:00 CET | Press release
The Janssen Pharmaceutical Companies of Johnson & Johnson today announced interim data from the Phase 3b STARDUST study. At week 16, 79 percent of patients with moderately to severely active Crohn’s disease (CD) achieved clinical responsea and 67 percent were in clinical remissionb after receiving one ~6 mg/kg intravenous (IV) dose followed by one 90 mg subcutaneous (SC) dose of STELARA® (ustekinumab), open label.1 Intestinal ultrasound (IUS) responses were assessed and were detected as early as week 4.2 Week 16 data (digital oral presentation or DOP 13) and IUS response data (DOP 10) from STARDUST are being presented as part of a digital oral presentation at the 15th Congress of the European Crohn’s & Colitis Organisation (ECCO).1,2 The primary endpoint of the 48-week STARDUST study is comparative endoscopic responsec among adult patients with CD receiving ustekinumab maintenance therapy.3 At week 16, patients who achieved a ≥70 point decrease in Crohn’s Disease Activity Index scored
Edwards Launches New Compact Dry Vacuum Pump With the Highest Pumping Density on the Market13.2.2020 13:07:00 CET | Press release
Edwards launch the new nXRi high performance compact dry pump, with lower input power and zero maintenance, bringing real performance improvements and cost benefits across a range of applications. Initial variants will provide pumping speeds of either 60 and 90 m3h-1 , four times more pumping speed than a similar sized dry pump. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200213005447/en/ Edward nXRi Compact Dry Vacuum Pump (Photo: Business Wire) Designed with size in mind, the compact footprint and height allow the Edwards nXRi dry pump to fit easily under a benchtop saving valuable space in the laboratory; and at under 30kg offers a highly mobile vacuum pump for changing work flows and environments. The pump is maintenance free for up to five years, with no tip-seal or oil change, for maximum uptime and reduced maintenance costs. The nXRi's 40% smaller footprint, compared to alternative dry pumps, assures seamless integ
Interactive Brokers Launches Bond Scanner to Help Investors Find the Best Pricing on Wide Range of Fixed Income Products12.2.2020 15:00:00 CET | Press release
Interactive Brokers Group, Inc. (Nasdaq: IBKR) today announced it has created a Bond Scanner to help make finding the best prices on bonds easier and more transparent for clients and non-clients alike. “We believe we offer the lowest bond prices available. Investors should visit our Bond Scanner at ibkr.com/bonds, filter for bonds of interest, and then call their broker to compare,” said Steven Sanders, EVP of Marketing and Product Development at Interactive Brokers. “Clients benefit from our aggregation of price quotes from multiple electronic venues and institutional dealers,” he added. “We do not widen spreads nor are there hidden fees or markups. While some companies charge a large, hidden markup, we charge extremely low, transparent commissions. IBKR clients may provide liquidity to bond markets and improve pricing by entering their own pending orders into the book.” In addition to ultra-low, transparent pricing, the company offers a huge selection of fixed income products, includ
ADVA tackles GNSS jamming and spoofing with market’s first intelligent assurance solution11.2.2020 08:00:00 CET | Press release
ADVA (FSE: ADV) today launched the industry’s first centralized GNSS monitoring and assurance tool. Using artificial intelligence (AI) and machine learning (ML) for comprehensive predictive maintenance, it addresses the key concerns of GNSS users around the globe. The new customer-owned tool enables users to collect and analyze huge amounts of information from across the network to remotely identify issues and protect networks from GNSS vulnerabilities, including jamming and spoofing attacks. It also helps to identify GNSS obstruction issues, detect blind/poor spots that appear over time and enable optimal antenna positioning. Built into ADVA’s Ensemble Controller network management suite with Sync Director, the solution enables customers to detect potential problems in advance, maintain the highest quality of network synchronization and significantly reduce opex. By complementing today’s limited distributed approach to GNSS assurance with a centralized-global system, it offers a major
Light Up the Future with Posiflex at EuroShop 202011.2.2020 02:12:00 CET | Press release
The Posiflex Group, a synergy of world-leading POS, kiosk, and industrial computing technologies — will bring its Serviced IoT solutions to EuroShop 2020, the leading Europe trade fair for the retail industry, from February 16th – 20th at Hall6/A57 in Düsseldorf. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200210005879/en/ Mini Kiosk - Mercury EK-Series (Photo: Business Wire) Nowadays, the ways of retail have been fundamentally changed. Retailers are experiencing unparalleled disruption and are facing new challenges with fierce competition and consumer demands. To aid retailers to stay ahead of the curve, Posiflex POS solutions help retailers to become an integral part of the future retail by offering machines with advanced capabilities, such as rotating screens, various OS platform support, hands-on cable management, and ease of service. Posiflex’s new Android version of MT-Series (Mobile POS), RT-Series (POS terminal),
Global Market Leader Fiat Chrysler Automobiles Selects IDEMIA’s Connectivity Solutions to Improve the Connected Vehicle Experience10.2.2020 07:49:00 CET | Press release
FCA takes its forward-thinking global telematics program to the next level with the integration of IDEMIA’s eSIM (DAKOTA) and Subscription Manager platform (Smart Connect). These groundbreaking services, already operational, are enabling each day FCA to optimize vehicle operations. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200209005062/en/ (Photo: Business Wire) The DAKOTA eSIM will be embedded directly into new FCA vehicle models that will be launched in multiple regions. Combined with Smart Connect, this solution gives the automaker the flexibility to dynamically choose the best connectivity provider throughout the lifetime of the vehicle on a worldwide scale. IDEMIA’s solutions not only pave the way for in-demand services such as emergency calls, predictive maintenance and insurance-related services, but also simplify the manufacturing process and provide the capability to remotely update software and tailor connecti