FGI Announces Strategic Partnership with Crestmark
Partnership helps Crestmark support clients and prospects seeking incremental liquidity by providing them direct access to FGI’s T.R.U.S.T. TM platform
New York August 25, 2020 – FGI, a global leader in commercial finance, has announced a strategic partnership with Crestmark, a leading lender for business-to-business companies, to provide credit insurance brokerage and monitoring services for Crestmark and its clients through FGI’s proprietary T.R.U.S.T.™ platform.
T.R.U.S.T. ™ is a cloud-based platform that centralizes and tracks coverage data across all insurance providers in real-time across an entire portfolio of borrowers. The software is dedicated to making credit risk insurance management easier and safer for borrowers, banks, brokerage firms and financial institutions.
“We are pleased to work with Crestmark in supporting their credit insurance brokerage and monitoring needs. Credit insurance is a cost-effective, safe, and efficient way to protect receivables. However, it is critical to have the right ongoing monitoring process in place to ensure optimal availability on receivables and reduce exposure to risks, such as denial of claims. FGI’s T.R.U.S.T. ™ monitoring services enhances Crestmark’s ability to provide incremental liquidity for its customers,” said Tessa Payne, Managing Director of FGI.
“We have worked with FGI for a long time and they are a great team. Their T.R.U.S.T.™ platform streamlines automation of our credit insurance monitoring process, allowing us to verify receivables more efficiently and accurately, which in turn allows us to provide optimal credit coverage to our clients,” said Julie Halbert, Business Credit Portfolio Manager, Crestmark, a division of MetaBank®. “The immediate change alerts, insurer requests, claim deadline updates, and notification of potential policy risk helps ensure our clients will get paid on claims and protects against bad debts.”