Santander Bank and Allianz come together to offer a solution B2B from delayed payment globally dedicated to major international companies. These companies will have a comprehensive solution to offer buyers instant deferred payments at the time of purchase. With one API integration (Application Programming Interface) pushed financial institutions and Two -which relate to payment technology- finance payments in advance for sellers and credit terms for buyers worldwide. For his part, Allianz Trade protects the entire value chain from defaultwhich also includes credit risk.

This type of solution will multi-currency to reduce the need for complicated operating models with multiple technology providers, commercial insurance and commercial credit, the three companies said in a joint note sent this Monday.

Allianz Trading evaluate credit applications instantly through its API, where it has a database with commercial, financial and strategic information in more than 80 million companies from around the world. This will help Santander CIB to make financing decisions on the spot. The whole process is simplified and operated through BNPL technology (Buy now, pay later) of two.

This new solution makes it possible Santander cover the entire spectrum of complementary deferred payment products adulterybusiness-to-consumer (B2C) solutions launched by Digital Consumer Bank of Santander and implemented in Germany and the Netherlands over the past year.

new step

This is a new step in deferred payments. Allianz Trade and Two have partnered earlier in the year to offer UK SMEs a deferred payment solution, while at the same time Allianz Trade and Santander are working on another deferred payment project. Buy now, pay later. The large enterprise segment undertakes major projects online to increase B2B e-commerce sales and increase margins. However, they lack the instant payment technology needed to facilitate B2B sales on a global scale. Now, Santander, Two and Allianz Trade have decided to expand their partnership to offer products that cater to large global companies.