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August 2011

Royal Bank of Scotland selects GSCF as service provider

Global Supply Chain Finance Ltd. (GSCF) is pleased to announce the execution of a Service Agreement with The Royal Bank of Scotland plc (RBS). Being the selected service provider following a RFP process, GSCF will be delivering its expertise in the processing of Supply Chain Finance programs to the entire RBS Group globally.

The Royal Bank of Scotland Group plc, through its subsidiaries, offers banking and financial services to personal, commercial, corporate, and institutional customers in the United Kingdom, the United States, and internationally. The company was founded in 1727 and is headquartered in Edinburgh, Scotland. RBS, which has been active in the Supply Chain Finance segment for some time, is looking to further streamline and automate its receivable purchase offering via introducing technology.

Mona Ghazzaoui, Executive Director of RBS North America Supply Chain Finance, mentioned: “We felt the need to add technology to our SCF products in order to be able to streamline the internal processes and efficiently handle transactions. We chose GSCF as servicer as its technology and know-how are unique in the market. GSCF not only has a well-designed and innovative platform, but also and more importantly a deep understanding of the processes and program structures”.

Kendall Stevens, CEO of GSCF, commented: “We are glad to add a prestigious institution such as RBS to the group of banks we support. We see a very good fit between our areas of expertise and anticipate a very successful and prosperous relationship”.

To learn more about GSCF Group, please contact us.