Backup servicing for all necessary services in the individually defined depth of your value chain
Reliable minimization of operational service risks through an excellent network of operational partners
Confidential handling of company data and no disclosure to potential competitors
To refinance asset-based business models (e.g. cars, trucks, vans, mobile devices, e-scooters, etc.), companies often use insolvency-proof securitization structures such as ABS, ABCP, factoring, forfaiting or promissory note loans. These models are equally attractive for established and young companies. Startups in the growing market of shareconomy or “rent instead of buy” concepts in particular do not yet have a long history of data to assess the riskiness of their business model. For them, the aforementioned structures offer ideal opportunities to finance operational assets at marketable conditions.
To secure these financing structures, the respective financing partners and banks usually require the use of a backup servicer. In this way, they protect themselves against the possible insolvency of their customers. In this worst-case scenario, the operations of the financed company come to a standstill, but the assets are still owned by the end customers of the insolvent borrower and continue to be used. The backup servicer and its network ensure that the bank – even if its borrower defaults – has access to continuously updated databases as well as to the financed assets.
For companies about to enter into such a financing arrangement, the question arises as to who can be a suitable and trustworthy partner for providing a corresponding backup service, since they do not want to give their company data to possible competitors during regular operations.
In this situation, Curadino’s innovative backup servicing concept comes into play. As a competitively neutral solution provider, Curadino has an innovative IT platform for the provision and secure storage of the data required for operation, as well as a Europe-wide network of partners for the operational provision of services under the orchestration of Curadino. We bring many years of experience from the operation of vehicles and mobile devices as well as from asset-based financing solutions. Supplemented by an innovative IT platform, we are thus able to provide a broad range of services as a competitively neutral backup servicer and to ensure operational processes in the event of insolvency via our partner network.
Since Curadino works exclusively as a backup servicer, there is no competition with the active business operations of our customers – trust and discretion are our promise. As a silent “safety net” between your company and the financing partner, we do not actively appear in your customer dialog and exclusively provide appropriate protection in the background for the worst case. With our proven IT platform, it is possible for us to transfer the data from your systems that is necessary for providing and securing the backup service via a wide range of interfaces and to accordingly store it safely.
As our customer, you can fulfill the backup processes required by your financing partners for the financed assets and rely on our many years of experience in quite conscience. The asset classes suitable for our services are widely diversified and are not subject to any particular restrictions. Contact us, we will be happy to find the right solution for your requirements!
Legend:
Bank and FinCo (= financing vehicle of the asset operator) enter into a financing agreement.
OpCo (= the asset operator) takes over the operational tasks and services of FinCo
Curadino secures the failure of the OpCo by own services
For the operational provision of services in what is known as “active phase” (the insolvency case), Curadino draws on a broad network of specialized partners in a wide range of service classes. Based on the previously cyclically obtained data extracts of your company, Curadino and the partner network are able to step in almost seamlessly for the required services and ensure the continued operation or proper liquidation of the assets. The approach in the active phase is coordinated together with the financing partner and can either be of short duration, or in longer-term financings run until the end of the planned financing period of several months or years.
In addition to the operational partner network, a core element of Curadino’s services is the innovative IT solution for performing the data trustée task. During the initial setup of the contractual relationship, the necessary data interfaces are set up between the customer’s core systems and Curadino, in order to subsequently exchange the current status of the relevant data in an individually agreed cycle and to archive this data securely and reliably.
Curadino uses professional IT systems operating in certified data centers in Germany, whose process and performance conformity are regularly audited and evaluated by relevant industry institutions.
Longstanding experience of pan-European servicing provision in the mobility sector
Proven expert for structuring asset-based financing models and related services
Board member for IT, with broad experience in current technologies and digitalization
Have we gained your interest, and are you a bank or company that would like to learn more about our services before closing an upcoming asset financing deal? Please leave us your contact details and we will be happy to get in touch with you.
Please note that our offer is exclusively directed to commercial enterprises.
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