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Gathered data for European factoring market for the first half of 2021 has shown again year on year increase of 10.7% for European countries, comparing to 6.0% decrease after IH 2020, the year of the crisis and the lockdowns. Total factoring turnover for European countries reached EUR 953bn comparing to EUR 854bn in IH 2020.
12/10/2021
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ICC has announced that it is to establish an ICC Court Alumni Group, keeping members connected to the world’s most preferred arbitral institution.
12/10/2021
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Commenting on UK unemployment falling to 4.5%, Ian Warwick, Managing Partner at Deepbridge Capital, said: “Today’s unemployment data shows the resilience of the UK economy as economic stimulus measures taper off.
12/10/2021
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The invoice discounting, factoring, and supply chain financing is a big market globally reaching over US$3tn. The estimation of this market in the coming four-seven years is likely to be worth around US$6-9tn, according to multiple studies. But where does the Indian market stand? It size is around US$6bn or 0.2 per cent of the country’s gross domestic product (GDP), according to a report by the Standing Committee on Finance.
11/10/2021
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Factoring activity in China grew significantly in 2020 (up seven per cent) compared to 2019, across both the bank and commercial factoring (non-bank) sectors, as the Chinese economy displayed resilience despite the COVID-19 pandemic, describes Chris Wohlert,
11/10/2021
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The President and Chairman of the Board of African Export-Import Bank (Afreximbank), Professor Benedict Oramah, has been re-elected to the Executive Committee (EXCOM) of FCI, the global representative body for the factoring, invoice financing and asset-based lending industry.
11/10/2021
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New data from the Commonwealth Bank (CBA) has found 55 per cent of businesses perceive invoice financing as a last resort, while 71 per cent of businesses admitted to having limited knowledge of how the process works.
11/10/2021
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Standard Chartered is partnering with Demica, a leading fintech specialising in working capital solutions, to transform access to the bank’s supplier finance programmes, allowing easier enrolment for thousands of suppliers through an online portal while delivering a world-class experience for the bank’s customers.
11/10/2021
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Philip King, the former Interim Small Business Commissioner (SBC) has joined us as a Non-Executive Director. Philip, who was also the former Chief Executive of the Chartered Institute of Credit Management (CICM), aims to champion not only the benefits of invoice finance as a cashflow funding tool, but also the advantages of early settlement in building stronger supply chain relationships.
08/10/2021
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Rosenthal & Rosenthal, Inc., a leading factoring, asset-based lending and purchase order financing firm in the U.S., recently announced the launch of Pipeline, a new e-commerce growth capital resource tailor-made for savvy entrepreneurs and founders looking for an extra edge to keep their brands charging forward.
08/10/2021
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