It’s against this background that Intesa Sanpaolo has launched Confirming, a fully digital supply-chain finance platform. It was first introduced as a solution for Italian businesses. Now it is to be rolled out to the International Subsidiary Banks Division (ISBD), which includes banks across central and south-eastern Europe.
That process begins in June when CIB in Hungary becomes the first ISBD member to introduce the product.
Marco Rottigni, head of the ISBD, believes Confirming is exactly the right product at precisely the right time. “Businesses express a clear need: to simplify the management of relationships with banks through digital solutions,” he says.
“Confirming responds exactly to this need. It is an integrated digital platform that allows branch managers to optimise working capital and help stabilise supply chains. It also allows suppliers to manage cash deficits through a smart digital financing process.”