GemCap Implements FGI T.R.U.S.T.™ for Risk Mitigation
NEW YORK, New York, February 22, 2024- FGI Worldwide LLC (“FGI”), a global leader in commercial finance, today announced that GemCap, Texas based provider of revolvers, term loans and factoring facilities for small and medium-sized businesses across the United States and Canada, has chosen FGI T.R.U.S.T.™ as a risk mitigation solution for client credit insurance policies.
T.R.U.S.T.™ is a cloud-based platform that combines technology with functionality to enable corporations, brokers, and lenders to maximize and automate the administration of credit insurance policies. The platform serves as a checkpoint for GemCap, ensuring clients maintain compliance within their policies, allowing for improved borrowing bases, security, and payment of claims.
“The efficiencies created upon implementing the T.R.U.S.T.™ platform were apparent immediately,” said Annie O’Connor, GemCap Head of Portfolio. “Not only does it save time and resources for our team, but the benefits of T.R.U.S.T.™ carry over to our clients, who are able to access the platform to monitor policies on their own. The automation of compliance monitoring, easily identifying any policy issues that arise, allows us to focus our energy on our mission: providing clients with great financing solutions and awesome customer service.”
“GemCap is known throughout the industry for its innovative and solution-based approach to lending,” commented Sami Altaher, President of FGI. “T.R.U.S.T.™ is the perfect tool to support innovations and safe growth for both GemCap and its clients, and we are thrilled to be a trusted partner.”
About GemCap
GemCap provides asset backed loans in the range of $1-$10 million to businesses within the United States & Canada, as well businesses with in-transit inventories en route to the United States. GemCap employs a solutions-based approach to lending and works with business owners to understand their daily challenges.
We align with our borrowers for the long-term and continually check-in. We pride ourselves on our transparency, clear communications and on-time delivery. We proudly support local businesses, employing normal people, doing real work.
To find out more about GemCap, visit: https://www.gemcapsolutions.com/
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.