Nuvo, a B2B commerce credit score know-how platform, and Allianz Commerce in North America have partnered to boost commerce credit score insurance coverage coverage administration for purchasers.
Allianz Commerce is the commerce credit score insurance coverage unit of Allianz Group.
Nuvo’s credit score know-how platform, which is designed to simplify buyer onboarding, credit score threat evaluation and fraud prevention, will now administer key components of Allianz Commerce’s commerce credit score insurance coverage insurance policies.
This integration permits Allianz Commerce clients utilizing Nuvo so as to add protection, monitor approval coverage adherence, and guarantee their gross sales methods align with buyer threat and insurance coverage protection.
Allianz Commerce Americas transformation and digital partnerships regional head Aaron Lindstrom mentioned: “It’s extra crucial than ever that companies mitigate the chance of their enterprise relationships.
“Integrating with Nuvo will allow our shared clients to handle their insurance policies extra merely, and to guard their operations from unexpected threat occasions.”
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The alliance between Nuvo and Allianz Commerce combines the latter’s insurance coverage underwriting experience with Nuvo’s workflow know-how. This permits sellers to make faster and extra knowledgeable credit score selections.
Nuvo co-founder and CEO Sid Malladi mentioned: “Allianz Commerce’s main commerce credit score insurance coverage providing enhances Nuvo in our mission to present finance groups the arrogance wanted to grant the credit score that fuels their enterprise development.”
Finance groups utilising Nuvo can now incorporate their Allianz Commerce coverage into credit score time period selections, fostering new enterprise alternatives and minimising undue threat.
Final 12 months, Allianz Commerce agreed to purchase a 50% stake in Portuguese firm Cosec from Portugal’s Banco BPI. The deal will supply Allianz Commerce sole possession of Cosec.
