News and Insights
UniCredit’s Cédric Derras explains how a simple, digital solution streamlined FCA Bank’s credit collection process
January 7, 2020
While the uptake of sweeping initiatives, such as SCT Inst and SWIFT gpi tend to grab all the headlines, there remain a number of other pain points for banks and corporates that can be addressed only through close dialogue between both parties. Let’s take credit collection as an example. This is a key contributor to many businesses’ cash flows, yet the process itself can often be time-consuming and frustrating. This frustration was felt by FCA Bank – an equally held joint venture between Fiat Chrysler Automobiles Italy and Crédit Agricole Consumer Finance – as it sought a faster, more efficient and more transparent solution through UniCredit.
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