Finverity and Abu Dhabi Global Market launch real time credit data API for SMEs and corporates

Finverity and Abu Dhabi Global Market launch real time credit data API for SMEs and corporates

Source: Finverity

Finverity, the award winning mid-market supply chain finance (SCF) platform focused on emerging markets, is pleased to announce the launch of its real time monitoring Credit Data API. UAE banks and investors will be the first to benefit from the stand alone solution due to the UAE’s leading position as a key trade finance hub for Finverity. In parallel, the API functionality is now also available to funders globally on the ADGM’s Digital Lab and Finverity’s platform. The launch marks the successful completion of Finverity’s proof-of-concept commissioned by ADGM (Abu Dhabi Global Market) as a result of winning FinTech Abu Dhabi’s Innovation Challenge 2020.

Finverity has developed an easy-to-integrate API (Application Programme Interface) solution that provides near real-time access to the financial data stored within SMEs’ accounting packages. This level of access to near real-time SME financial data is unprecedented, especially for banks and other financial institutions in the MENA region. The latter will now