It’s always good to know some credit risk data before signing important business deals, or offering insurance cover. Here’s some news from Albany;
London-based automated risk, compliance and regulation software specialist, Albany Group, has agreed a new partnership with Creditsafe, the global business intelligence experts, which will integrate Creditsafe’s extensive data into Albany’s Conect™️ platform.
This new partnership will enable insurance companies to help build open and transparent supply chains by further enhancing their visibility and oversight of them. This integration will strengthen a businesses ability to manage supplier risk and credit risk ratings to a greater extent than before, with both areas increasingly coming under the microscope of regulators, this marks an important step in future-proofing and safeguarding business operations.
Albany’s technology solution, Conect™️ helps to manage and organise all regulatory, compliance, contractual and professional needs of any extensive supply chain, allowing companies to identify risk and stay compliant. The software also allows insurers to create a bespoke global network with their partners for seamless collaboration.
Stewart Griffiths, CEO and co-founder of Albany Group said: “We’re extremely pleased to announce this partnership with Creditsafe. With supplier management and risk being highly scrutinised by the regulators, the insurance industry must be a step ahead by enhancing its visibility and staying on top of any potential risks. Data alone does not solve anything, it’s how that data is harnessed and analysed which will make the difference.”
Dean Williams, Creditsafe’s Relationship Manager said: “With the insurance sector moving closer to automation and utilising SAAS based products, Creditsafe are very excited about our partnership with Albany Group. Access to Creditsafe data through Albany’s Conect™️ platform will provide customers access to enhanced due diligence services at a global scale, ensuring protection against financial and reputational risks across their supply chain.
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