In our efforts to expand Hiveterminal and its services into the DACH region, Hiveterminal has been eager to find new sources of financial credit data to enrich our ecosystem and expand the current capabilities of the platform.
We are happy to announce that Hiveterminal has expanded its scope of financial data providers with a prominent name from the financial services industry, Creditreform.
Our aim is to provide our customers with the most accurate, real-time invoice risk assessment possible, using our invoice risk rating algorithm, which is being enriched with data provided by our partner agencies, such as Bisnode or Creditreform.
“We value Creditreform’s track record, long history, and the experience they have in the financial data field. For a long time, we have been searching for a data provider with wide coverage across many different markets and we believe to have found one in Creditreform,” Chief Marketing Officer Eva Yildirim said.
We are happy that Creditreform will provide some of the underlying data used in our calculations. This will further our efforts for maximum accuracy and good invoice seller and buyer experiences.
Creditreform offers worldwide commercial reports as well as debt collection services from a single source.
Creditreform’s Sales Director Hans Bannwart said: “As a primary financial data provider throughout Europe, it brings us great pleasure to onboard innovative fintech companies, such as Hiveterminal, into our ecosystem and provide them with highly relevant data on demand and in close-to-real-time. “
Creditreform has a network of around 180 business offices with more than 165,000 member companies in Europe. Every year, they obtain more than 22 million commercial and credit reports and generate payments from outstanding debts amounting to billions of Euros.