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Midway through this year’s Receivables Finance International Convention, held in the London offices of Clifford Chance, Peter Mulroy, FCI’s Secretary General, revealed FCI’s global factoring figures for 2022. They showed an astonishing 18 per cent growth in global factoring volume. Mulroy declared: “It’s a record, but we can’t keep this growth up, it’s impossible.” As if to confirm this, much of the presentations and the panel discussions pointed to the growing number of challenges.
26/05/2023
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4Trans Factoring, a Prague-based fintech specialising in financial products for supply chain and logistics companies, has partnered with Allianz Trade to offer SMEs in the EU access to secure funding solutions and protection against potential revenue loss.
26/05/2023
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Barclays is looking to drive the growth of next-generation business finance through a £3m investment into Trade Ledger and the implementation of its working capital platform. The bank has announced today that it is further developing its working capital offering by investing in and implementing Trade Ledger’s next-generation working capital orchestration platform.
26/05/2023
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The initial impact of the new supply chain finance (SCF) reporting rule for US companies, as laid down by the Financial Accounting Standards Board (FASB), has now come into view – and with it questions about its long-term efficacy. In September 2022 the FASB put the finishing touches to a new reporting rule regarding SCF arrangements in US companies’ corporate accounts.
25/05/2023
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Finance business Praetura Group has created a custom-built tech platform to give businesses faster access to lending.
25/05/2023
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The International Accounting Standards Board (IASB) has today issued disclosure requirements to enhance the transparency of supplier finance arrangements and their effects on a company’s liabilities, cash flows and exposure to liquidity risk.
25/05/2023
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The current regulatory structures that govern sustainability reporting by Financial Institutions are creating a raft of unforeseen consequences that will ultimately militate against the long-term objective of meeting sustainability targets globally in the long run. These unforeseen consequences are the result of a market distortion that is providing perverse incentives to banks and has the potential to:
25/05/2023
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Commenting on UK inflation falling into single digits as long-term liquidity concerns continue for SMEs, Douglas Grant, Group CEO at Manx Financial Group PLC said:
24/05/2023
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NETSOL Technologies, Inc., a global business services and enterprise application solutions provider, has announced the appointment of Darryll Lewis (pictured) as its new Managing Director of NETSOL Technologies Europe.
24/05/2023
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Alfanar has become the first local client in Kingdom of Saudi Arabia to benefit from First Abu Dhabi Bank (FAB) supply chain finance (SCF) solution.
24/05/2023
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British Arab Commercial Bank (BACB), the UK-regulated, specialist trade finance bank has announced that Damian Austin will become its new Chief Banking Officer (CBO).
24/05/2023
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Peter Mulroy, FCI Secretary General (pictured), is presenting today the 2022 world factoring statistics confirming a strong double-digit growth at BCR Publishing RFix conference in London.
24/05/2023
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HSBC today announced the launch of point-of-sale financing for business-to-business (B2B) transactions, a first-to-market banking solution in Hong Kong that enables B2B sellers to offer extended terms of payment to their business and institutional customers on their online platforms.
24/05/2023
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Contour, the leading digital trade finance network, has welcomed Aneel Sabir and Don Ng on board, as it expands its presence in the Middle East and Greater China.
24/05/2023
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Muse Finance - a working capital business finance provider - today announces the appointment of Julie Ashmore (pictured) as COO, to help achieve its ambition to reach 30,000 customers and provide £1.5bn of SME financing in the next three years.
24/05/2023
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