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.
I recently spoke with Laurent Tabouelle, COO of CODIX. Laurent’s entire career has been in IT for the financial and now the SCF industry and, as CODIX’s Group Managing Director, we wanted to hear about some of the advances in software and technology within the corporate finance and factoring sector.
Understanding the nuances of receivables purchasing arrangements, the difference between the different types of recourse, and the trade and receivables finance products available on the market is key to anyone… read more →
We had the pleasure of speaking to Mr R. Yüce Uyanik, a member of the FCI Legal Committee, on international factoring as a solution for the economic crisis on SMEs.… read more →
FCI, the global representative body of nearly 400 members for the Open Account Factoring and Receivables Finance Industry together with Demica, the leading independent provider of Working Capital and Finance… read more →