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Milan as the accessible HUB for Import-Exportech
Innovation Initiative Description
Initiative in one line
Legaltech and Fintech for SME Export, to protect international payments and credits. We create a new open HUB dedicated to the digitization of services for export and internationalization
Description

Italian SMEs generate 50% of Exports, a strategic area for Italian business ecosystem, accounting 1/3 of GDP.  Within a scenario of strong changes in markets and supply chains, the growing risks on payments and credit claims for innovative solutions for international relations and exchanges. The initiative aims at fostering cooperation between legaltech, fintechs and export institutions enabling the definition, creation and prototype of innovative solutions to support exporters – whatever their size and location.

International credit management is strategic: Invenium Legaltech – the innovative startup focused on Non-Performing Export – proposes a digitized approach to export legal advisory and credit collection,   developing new and accessible web applications, integrated with a worldwide legal team. New risk-analysis and legal tech tools, to boost a unified and groundbreaking vision of export credit life-cycle and export needs.

Implementation
  • analysis of exporters' and SMEs' needs, through surveys, interviewes
  • data investigation on credit, payments, transactions, dialoguing with exports institutions and specialized international providers
  • IT Roadmap deployment, with a focus on service integration (and connected planning, re-design, control of new releases)
  • creation of a new "import-exportech" HUB, a "House of Export" where new tools, digitized solutions, innovative platform interact and become fully accessible to all SMEs. Because the most dinamic area of economy deserves the best tools to develop and deal with the continuous challenges imposed by the transformation of the supply chains and by macroeconomic criticalities
Timeline

2022-2024

A) Definition: Close collaboration with other Thematic Areas of MIND ecosystem, innovative players and institutions to define needs and use cases

B) Ideation: building together a house of export: integrating import-exportech tools, new payment and credit management platform accessible also to SMEs

C) Prototype & Test: on identified need and cases: testing innovative tolls with high level of speed and usability, evaluating feedback and satisfaction, success rates, system benefits on supply chain

The goal is to build - thanks to this planning phase - a new open HUB dedicated to the digitization of services for export and internationalization


Partners and stakeholders involved in the project

Invenium Legaltech launches this project in close interaction with Fabrick and Fintech District. 

The project - as far as institutional sector is concerned - has already received interest from AICE (Italian Association of Foreign Trade), ELTA (European Legal Tech Association), Creditsafe (top international player in credit risk analysis), Ebury (FX Risk Management, Trade Finance), Notarify (accessibile notarization services on Blockchain), Kapto (AI applied to exporting processes).

Further strong expressions of interest have been received from important institutions active in the industrial and academic fields are being formalised (e,g. international B2B marketplace); in this kick-off phase we have to thank Banca d'Italia (Canale Fintech) for the specific and useful data received concerning international payments.

How the project contributes to building a resilient, inclusive and sustainable society

SMEs have the right to receive real attention from the innovation system: new tools that make it simpler, quicker, more effective to solve company, payment and credit management problems, especially in the extra-complex of international commercial transactions.

Digital tools that do not destroy human skills, but enhance the professional and creative skills essential in every productive sector.

So: fast and accessibile legal protection, new fintech solutions to protect payments, alternative finance, and a wide area of services essential to ensure a new culture of risk management, compliance, sustainable development. 

Not only for a share of super capitalized companies, with dedicated BUs, but also for small and expanding companies that need support and protection in order to express their potential on the market.

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Documents and attachments
  • Invenium Legaltech rassegna stampa Q4 22_compressed.pdf

    Invenium Legaltech rassegna stampa Q4 22_compressed.pdf

    2022-12-09 00:31:37

    pdf

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