What is Demica?
Demica is a fintech, powering the trade finance programmes of trade banks and corporations. Demica offers a cloud-based platform enables financial institutions and corporates to automate and scale their working capital solutions.
Processing millions of invoices individually, the platform architecture breaks down each transaction into cashflow, financial events and workflow. The configuration of these components makes the platform highly customisable and flexible. Architected as a cloud platform and built using micro-services to provide agility, scalability, and resilience.
The platform processes both high volumes of transactions as well as high volumes of data, and its largest transaction contains over 3 million open invoices and is processed daily. The vendor states this approach enables users to configure and automate any structure that a corporate and its bank have agreed, supported by interfaces with corporate ERPs, credit insurers, and bank back-office systems.
The solution integrates with multiple bank payment gateways enable us to automate real-time payment in over 30 countries.
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What is Demica?
Demica is a fintech, powering the trade finance programmes of trade banks and corporations. Demica offers a cloud-based platform enables financial institutions and corporates to automate and scale their working capital solutions.