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Growth Lending launches multicurrency invoice finance facility

Global
Alternative funding provider Growth Lending has launched a new invoice finance product, which will address cash flow concerns across key currencies and international markets. 06/07/2022

Eurobank Factors gets service recognition from FCI members

Greece
During the FCI's 54th Annual Meeting, held in Washington this month, Eurobank Factors (a 100% subsidiary of Eurobank) received new important international awards for its services: second position worldwide as Export Factor; and third position in Europe as International Factor (Export & Import). 05/07/2022

Bahamian Central Bank plans collateral registry

Commonwealth of the Bahamas
The Central Bank has revealed plans for an Internet-based collateral registry to support Bahamian small business access to funding in a market where the security requested by the lenders is often more than three times the loan amount. 05/07/2022

Time Finance bolster broker support in the South West with Matthew Dean appointment

UK
Time Finance is pleased to announce the appointment of Matt Dean as Broker Manager in its Asset Finance team, focussing on driving support for businesses in the South West. 05/07/2022

One Stop Invoice Finance appoints managing director

UK
After recent launch of the new invoice financing company, the UK-based One Stop Business Finance (OSBF) is announcing the new managing director of the new firm. One Stop Invoice Finance Limited will be headed by Lynn-Marie Jameson. 04/07/2022

Uncertainty and the global factoring industry

USA
There can be little argument that we live and operate our factoring firms in a world that is witnessing increasing and, in many respects, unprecedented levels of uncertainty, risk and stress. 04/07/2022

EBA adopts decision on reporting of payment fraud data

Europe
The European Banking Authority (EBA) has adopted a decision on the reporting by competent authorities of payment fraud data under the Payment Services Directive (PSD2).  Competent authorities shall report to the EBA the payment fraud data under the PSD2, as specified in the EBA Guidelines on fraud reporting, via the European Centralised Infrastructure of Data (EUCLID) and according to the EBA Data Point Model (DPM). 04/07/2022

BFM: Factoring is effective even in crisis

Germany
The equity reserves and the liquidity sources of many medium-sized enterprises have decreased after the corona pandemic and even if the majority of the corona limitations have been lifted, new difficulties for German businesses appeared.  04/07/2022

WFY'22: Is factoring the secret sauce to sustainability success?

Global
Companies that show leadership managing the sustainability of their business and supply chains will gain a serious competitive advantage - stated Bob Gravestijn 04/07/2022

Ultimate Finance hires Ronnie Stokes as new Regional Director in Scotland

Scotland
Specialist asset-based lender Ultimate Finance continues to grow its sales team by appointing Ronnie Stokes as a Regional Director to further strengthen its presence in Scotland. 01/07/2022

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