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GemCap Implements FGI T.R.U.S.T. for Risk Mitigation

February 22, 2024, 07:25 AM
Filed Under: Industry News

FGI Worldwide (“FGI”) announced that GemCap, a Texas-based provider of revolvers, term loans and factoring facilities for small and medium-sized businesses across the United States and Canada, has chosen FGI T.R.U.S.T.™ as a risk mitigation solution for client credit insurance policies.

T.R.U.S.T.™ is a cloud-based platform that combines technology with functionality to enable corporations, brokers, and lenders to maximize and automate the administration of credit insurance policies. The platform serves as a checkpoint for GemCap, ensuring clients maintain compliance within their policies, allowing for improved borrowing bases, security, and payment of claims.

“The efficiencies created upon implementing the T.R.U.S.T.™ platform were apparent immediately,” said Annie O’Connor, GemCap Head of Portfolio. “Not only does it save time and resources for our team, but the benefits of T.R.U.S.T.™ carry over to our clients, who are able to access the platform to monitor policies on their own. The automation of compliance monitoring, easily identifying any policy issues that arise, allows us to focus our energy on our mission: providing clients with great financing solutions and awesome customer service.”
“GemCap is known throughout the industry for its innovative and solution-based approach to lending,” commented Sami Altaher, President of FGI. “T.R.U.S.T.™ is the perfect tool to support innovations and safe growth for both GemCap and its clients, and we are thrilled to be a trusted partner.”
GemCap provides asset backed loans in the range of $1-$10 million to businesses within the United States & Canada, as well businesses with in-transit inventories en route to the United States. GemCap employs a solutions-based approach to lending and works with business owners to understand their daily challenges.

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