SAN DIEGO, CA / ACCESSWIRE / January 16, 2018 / is SecurCapital Corp. forms new company in Fintech that will focus on logistics supply chain finance services. SecurCapital is introducing a disruptive “one-click solution” offering FINTECH services in the underserved Supply Chain Finance $800 billion marketplace. SecurCapital will offer services to global logistics companies providing cloud based business-to-business (“B2B”) platform for global payments, FOREX, accounts receivable financing with secure multi-factor authentication designed to mitigate risk and reduce costs.
“Clearly, there has been a monumental transformation influenced by FinTech, Blockchain and alternative banking options within the global logistics landscape,” said Steve Russell. "Traditional financial institutions are not positioned to serve global logistics payment requirements for secure access, integrated foreign exchange, and international payments or access to adequate working capital. SecurCapital will be providing a dynamic new financial pathway for freight payments".
Mr. Russell will serve as CEO of SecurCapital Corporation. Mr. Russell is a veteran logistics executive having held CEO, COO, Founder and EVP Sales positions in public and private logistics companies globally. He was an early cloud pioneer serving 4 years in Singapore as President & CEO of Salesforce.com - Asia Pacific (NYSE: CRM) launching salesforce in Asia and Australia.
“We’re very excited to launch SecurCapital as a first to market innovative Supply Chain Finance solution. The cold, hard fact is that one-third of the logistics industry still runs on Excel and older legacy systems for freight payments. Research shows that there is not only a lack of innovation, but also a lack of understanding of what FinTech is and its potential impact on logistics” said Russell. “Our goal is to offer the industry simple Supply Chain Finance services designed by actual logistics professionals to reduce cost of payments, FX, improve working capital liquidity and gain dashboard visibility leveraging Cloud based FinTech innovations.”
The SecurCapital Platform (“SCP”), which the Company has developed through the technology available in its Consolidated Payment Gateway (“CPG”), is a fully configurable, “banking-in-a-box” cloud-based platform. The overall design is a "closed proprietary ecosystem" (e.g.., intranet) so that each client has maximum control and security over any internal employees, partners, vendors, and contractors for bilateral payments and improved security.