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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 danger evaluation and fraud prevention, will now administer key parts of Allianz Commerce’s commerce credit score insurance coverage insurance policies.
This integration permits Allianz Commerce prospects utilizing Nuvo so as to add protection, monitor approval coverage adherence, and guarantee their gross sales methods align with buyer danger and insurance coverage protection.
Allianz Commerce Americas transformation and digital partnerships regional head Aaron Lindstrom mentioned: “It’s extra vital than ever that companies mitigate the danger of their enterprise relationships.
“Integrating with Nuvo will allow our shared prospects to handle their insurance policies extra merely, and to guard their operations from unexpected danger 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 enables 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 provide finance groups the boldness 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 danger.
Final yr, 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.
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