Tinubu Square, a provide of credit insurance, surety and trade finance solutions, has released a new service for surety carriers.
The new service, Tinubu Bonding Insurance Suite (BIS), was built to support the surety bonding needs of insurers and is an extension to Tinubu Square’s SaaS-based end-to-end platform. It will help surety carriers with their digital transformation journey and help them integrate new technologies and enhance customer interactions.
One of the key features of the new service is commercial underwriting. A central repository allows financial statements to be edited or uploaded in Tinubu’s pivot format and interface with data providers. Bonding facilities and single bond submissions can be created, and users can find the required information for managing customer relationships.
In addition to this, the platform supports the access of all submission, customer data and diary records can be easily accessed, including past assessments and decisions. Through its dedicated features, it can allow exposure at the customer level to be aggregated and construction contract execution to be monitored while analysis can be performed across portfolios.
Tinubu Square deputy CEO Olivier Placca said, “The Bonding Insurance Suite is an extension of our existing, proven software, so it offers opportunities to digitize transactions and take advantage of data assets. It will also ensure that companies are equipped for fluctuating regulations and the particular demands of operating in multiple geographical locations.
“We have built our considerable knowledge and technical know-how into this new suite and this will be to the advantage of the surety bonding sector during the challenges they face in their digital transformation.”
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