Degussa and Giromatch collaborate to improve banking services

Degussa and Giromatch collaborate to improve banking services: Degussa Bank and Giromatch, a local fintech firm, has joined hand with each other.

Through this deal, Giromatch would provide intelligent solutions to enable Degussa Bank for smart credit decision making.

Such services will be rendered through the utilization of Giromatch’s white-labeled direct API-based connection and integration of ‘digital account view’ capabilities.

Thus, enabling the bank to optimize its operations by faster disbursement of loans.

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Further, both entities are jointly collaborating to launch a Virtual visa credit-card to shop on Amazon Business.

This card will have a unique feature of enhancing the liquidity position of the customers by offering them longer terms for the repayment of credit.

Initially, for experimental purposes, this product is expected to be available to the corporate customers of the bank.

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Sarah Kaplan is an award-winning journalist with more than 9 years of experience. She is the Editor-in-Chief of TheOofy.com. She has worked for international media companies as a reporter and correspondent. She has been awarded by Article 19. She has worked for  The Guardian Foundation/ P24 Knowledge Right Project. She has participated in See Media Observatory in Macedonia. She was Research Fellow at Friedrich Ebert Foundation in Germany.  She has been writing about technology, the latest trends in business. You can reach out to her via kaplan@theoofy.com. Also, you can connect with her at Linkedin.