As a younger securitization market, Europe is used to seeing technology imported from across the Atlantic. In a reversal of this trend, one company is taking its experience in Europe and exporting its product to the more mature U.S. market. Demica, a provider of specialized securitization structuring and invoice finance reporting solutions, has consolidated its position in the U.S. market with the opening of an office in Atlanta.
"In securitization, the U.S. market was the first to develop but Europe has taken off nicely," said Barry Wood, senior vice president of sales who heads the new U.S. operation. But Wood said that the technology available for European trade receivable transactions has not been available in the U.S. "We are looking to provide [this] infrastructure for better reporting in trade receivable transactions," he said. "The information in the U.S. has historically not been as good as what is available across the Atlantic and some deals as a result can't get done."