Europe

Mark Mandula, Managing Partner at United Capital Funding Inc., provides his personal insight into the 14th Annual Receivables Finance International Convention held in Warsaw Poland at the end of March 2014. The theme for the convention was ‘Disruptive Innovation – an insight into the facts and figures which represent the lengths firms will go to reshaping factoring & supply chain finance’.

European Investment Bank release new tranche, with money for new trade finance facility in Portugal

EU Federation for Factoring reveal initial data for 2013

Demica survey shows almost half top European banks have senior SCF staff in place

PrimeRevenue appointments Nathan Feather as general manager for Europe

Taulia Inc., a SaaS platform for supplier financing, has appointed Nigel Taylor as Taulia’s new European Business Development Director. Taylor will be responsible for driving expansion throughout the UK and Europe.

Following the approval of the European Investment Bank’s (EIB) Board of Directors at their meeting today, the EIB Group’s support for small and medium sized businesses (SMEs) and mid-cap companies in the European Union reaches EUR21.2billion for 2013, including EUR 2.85 billion from the European Investment Fund (EIF).

BNP Paribas Suisse has picked fidis GmbH, the IT service provider from Kaarst, to securitize a new ABS transaction.

The ECB is concerned that many of the conversions to Sepa will take place after the migration deadline.

Access to finance is still a problem for SMEs across Europe despite the emerging recovery with a third of smaller firms not getting the funding they applied for in 2013, according to research by the European Commission and European Central Bank.