Existing systems are woefully inefficient, siloed or still paper-based and many of them have not improved for decades. The Marco Polo Network is working with Financial Institutions, Corporates and Technology & Service Providers to remove the barriers preventing them from operating at their best.
The most recent version of the EU Federation (EUF’s) Industry Standard Whitepaper has been recently updated and published with the finalised market data for 2018
Final analysis of data collated by the EU Federation for the Factoring and Commercial Finance Industry (EUF) shows that in 2018 factoring and commercial finance volumes in the EU grew overall by 7.9% to €1.73 Trillion, 80% of which was domestic business and 20% international.
In 2018 the world factoring industry volume continued its upward trend with a total reported figure of over 2,767 billion euro representing over 6% growth compared to the previous year.
How are working capital finance schemes and the availability of KYC and AML tools considered amongst UK and European corporates? TFG heard from Simon Kleine, Director at East & Partners Europe, on the key considerations amongst UK and European supply chains.