Digital link by programming interface
Link up now with the export credit guarantee scheme of the Federal Republic of Germany
– for financing partners –
Interested banks and providers of financing solutions can link up directly with the myAGA customer portal by an application programming interface (API).
Process simplification for banks
In order to increase the promotion instrument’s attractiveness for financing partners in particular in connection with small-ticket financing, they can link up by the API with our digital application process and digitally transmit key data of the export transaction. The transmission of information provided by the exporter from the myAGA customer portal into the bank’s credit application process (and vice versa) does not only reduce the number of double entries for the exporter. It also simplifies the processing for the financing bank: In future, exporters can choose a financing partner already while completing their application for an export credit guarantee of the Federal Government and transmit the data relevant for financing to it with a key-stroke, and in doing so, start a financing application. But the data transmission in the opposite direction will also be possible, i.e. sending the client’s data from a bank’s portal directly to Euler Hermes. For a start, this will be possible for export transactions with an order value of up to 10 million euros, which also meet the criteria of the bank.
Possibilities for platform operators
Operators of financing platforms will also be able to link up with the new interface. Alternative solutions currently recognisable on the market are aimed at forfaiting Hermes-covered supplier credits, which are placed with financing partners in a technically efficient way by the intermediaries. In this context, the new API is to guarantee in future that the export credit guarantees of the Federal Republic of Germany can be technically integrated into such a platform solution.