Export Development Canada (EDC) has signed a contract with Tinubu Square, a credit risk software solution provider, which will provide the export credit agency with the necessary online platform to introduce two new products.
“Tinubu Square is working with EDC to design, build and implement a modern, integrated web platform that will provide Canadian exporters with 24/7 access to simple credit insurance solutions,” reads a press release issued by the two institutions.
As a result of the partnership, EDC has recently launched two new products: Trade Protect is EDC’s first online credit insurance solution designed specifically for small businesses, and Trade Partner Insurance is a reinsurance solution offered by EDC to private credit insurers to help them strengthen their support of Canadian exporters.
“Canadian exporters are looking to new markets in more challenging times, and EDC is shifting the way it does business to meet their needs for simpler, faster and more predictable services. With this new platform, our vision is to make it easier for exporters, particularly small businesses, to take advantage of our global credit management expertise, as well as our improved range of credit insurance solutions,” says Clive Witter, senior vice-president, insurance at EDC.
“Launching Trade Protect and Trade Partner Insurance with Tinubu Square and seeing the great feedback we’re receiving already is a very encouraging sign for the future of our programmes. This platform is dramatically improving the way that we serve our customers,” he adds.
Tinubu Square was set up in France 15 years ago, and markets itself as the first European company to offer a real-time, cloud-based, SaaS platform for credit risk management. The company also has offices in the UK, India and Singapore and recently moved into New York and Montreal.
Jérôme Pezé, Tinubu Square’s chairman and founder, comments on the contract: “Signing this partnership with EDC consolidates our development strategy in North America and validates the relevance of our expertise. We consider EDC’s confidence in us as proof of our value and recognition from a benchmark institutional player. Our new Montreal office allows us to work closely with EDC and increase the momentum of our development in the North American market which offers attractive potential for our solutions.”