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The International Factoring Association (IFA) and the American Factoring Association (AFA) is saddened to announce the passing of lobbyist Palmer Hamilton, a colleague and friend. The IFA is the world’s largest association of commercial finance companies, and the AFA is the industry’s lobbying arm committed to the betterment of the factoring community.
18/10/2021
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Kyriba, a global leader of cloud-based finance and IT solutions, announced the launch of new Kyriba Working Capital Solutions as part of its bold effort to close the reported US$3.4tn trade financing gap and help corporate buyers support all suppliers, especially at risk SME suppliers.
18/10/2021
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Banca Sistema has announced the acquisition of 100 new factoring customers until end of September. Factoring volumes reached EUR 2.5bn on 30 September 2021, with a growth of 14% on an annual basis.
18/10/2021
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"…some sectors which have been weakened, which have just held or barely held their own, and which now will sink under’ said Frédéric Bourgeois, Managing Director UK&I, Global Head of Single Risk Business Development, Coface, during the BCR's webcast. He discusses about:
18/10/2021
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COVID-19 shaped 2020 and provided a challenging environment for all industries, explains Maria Camila MUÑOZ, CEO & Founder, Exponencial Confirming S.A.S.
18/10/2021
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Italy is in talks to inject at least EUR 5bn (US$5.6bn) into Banca Monte Paschi di Siena SpA (Monte Paschi) ahead of a sale of the troubled lender to UniCredit SpA. The cash infusion is considered to be done through rights offering that would allow minority shareholders to opt out of the increase.
18/10/2021
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DP World, a leading provider of smart supply chain solutions, recently launched CARGOES Finance — a new financing solution and fintech platform providing access to finance to support small-to-medium businesses.
15/10/2021
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European Fintech iwoca has been accredited under the UK’s Recovery Loan Scheme (RLS) by the British Business Bank as a lender under the RLS. The scheme will enable companies or businesses to access loans of “up to £10m to help them recover” from Covid-19.
15/10/2021
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Euler Hermes, the world’s leading trade credit insurer, announces a change in the leadership of its Economic Research Department. Ana Boata, previously Head of Macroeconomic Research, has been appointed Global Head of Economic Research of Euler Hermes Group starting September 1st, 2021. She will replace Alexis Garatti, who will now focus on ESG and trends research.
14/10/2021
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Rosenthal & Rosenthal, Inc., one of the leading factoring, asset based lending and purchase order financing firms in the US, today announced the completion of a recent US$5m joint factoring, inventory funding and purchase order financing facility to support the growth capital needs of a Georgia-based manufacturer and distributor of office furniture and products.
14/10/2021
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