TSL Express Daily News

NEW YORK, New York, May 7, 2024- FGI Worldwide LLC (“FGI”), a global leader in commercial finance, and Validis, the open accounting API, have partnered to integrate their respective credit management and data extraction platforms. This strategic partnership will allow businesses sharing their Accounts Receivables (A/R) data with lenders via Validis, to manage their credit insurance and risk mitigation in real-time on FGI’s T.R.U.S.T.™ platform, without any need for manual processing or interruption, creating efficiencies and saving resources. 

Credit Insurance management relies on tracking detailed A/R data. Validis makes sharing this data painless for businesses, while their standardised data structure allows lenders and brokers to quickly identify risks and extract insights. T.R.U.S.T. ™ is a cloud-based platform that enables corporations, brokers, and lenders to optimise credit insurance policies and automate credit risk monitoring. Through this partnership, changes in A/R can be automatically passed through to T.R.U.S.T. ™ via a Validis secure data feed.

“The Validis team have built an excellent reputation across the corporate and lender markets,” commented Paul Bower, Director, FGI Technology. “Their technology is an increasingly important component for Asset Based Lending (ABL) in the UK, making them a natural fit for FGI as a business. The team impressed us with the quality of their data models and mission to help businesses and lenders make smarter, more informed financial decisions quickly.” 

“ABL is an ideal credit product for both businesses and lenders. The T.R.U.S.T.™ platform is a unique offering that gives lenders peace of mind when managing risk,” added James Hillier, Head of FS EMEA, Validis. “FGI’s platform provides specialist and real-time access to Credit Risk and Insurance, and the team are experts in what they do. FGI understands the importance of access to quality data, so it was an ideal complement for our operation. Their geographical presence in Europe and the US also aligns with our own.” 

FGI and Validis are technology leaders committed to finding real solutions to real problems. With customers across the ABL, Corporate and Credit Insurance market, the solutions offered by the partnership will be key enablers for a wide range of businesses on both sides of the Atlantic.

About FGI 

FGI Worldwide LLC (FGI) is a global leader in the commercial finance industry, equipping small and medium enterprises with the tools they need to enhance their business. Through its three principal business units, FGI Finance, FGI Risk, and FGI Technology, FGI provides clients with flexible and customized asset-based lending and credit insurance solutions designed to support international and domestic growth. T.R.U.S.T.™, FGI’s flagship software, is a powerful web-based credit insurance management platform that automates the management and administration of credit insurance policies in real-time. Headquartered in New York City with offices across the US, Canada, Mexico and the UK, FGI delivers unique and relationship-focused solutions for its clients worldwide. 

To learn more about FGI Worldwide, visit: www.fgiww.com 

About Validis 

Validis – We Get Financial Data.

We work with accounting firms and financial institutions to seamlessly connect them to their clients' accounting packages. Our platform extracts and standardizes live accounting data, transforming it into analysis-ready formats for audits, M&A, and complex corporate lending. This empowers our client firms to access transaction-level General Ledger and Accounts Receivables/Payables data in minutes.

Ultimately making smarter, data-driven decisions - faster.

Clients can connect directly to every major accounting package on the market through our intelligent, purpose-built portal or API. This is why over 100 firms globally trust Validis, allowing their teams to shift from data chasing and compliance tasks to higher-value activities. This shift significantly improves the customer experience and boosts team job satisfaction. 

To learn more about Validis, visit: www.validis.com