ITFA has led another industry wide initiative to draw the attention of governments and regulators to the importance of the continuous support of all the different insurance tools in times of crisis.
TFG heard from WOA’s founder, Erik Timmermans, on the latest in receivables and open account trade in 2020, the impact of the COVID pandemic on the RF community, and what we could expect for the remainder of the year.
As lockdowns became the norm around the globe, governments have had to step in to support their economies due to the substantial downturn in economic activity – breaking stimulus records in the process.
WOA took the initiative to survey members, partners and industry leaders in June 2020 about how the virus has affected performance of factoring and commercial finance firms globally.
Banks, fintechs, and other vendors have a pivotal role to play in this situation to support communities and try to help the economy moving in the short and long term.
Correspondent Banking should in the future reinvent itself to accompany to be an ideal companion to technical assistance and be a key milestone potential ahead for the Africa market.
The AfCFTA is an agreement seeking to establish a free trade area in Africa. AfCFTA’s trade liberalization objective, along with other industries goals, Africa may just be set for a new horizon in its trade, post-COVID19.
TFG heard from EXX Africa’s Keri Leicher, on the economic, political and health crisis in Africa caused by Covid-19 pandemic. Keri spoke of Africa’s high level of debt and silent attacks affecting the continent’s security.
Given that nearly 90% of world trade relies on some form of trade financing (trade credit insurance, trade finance or guarantees), it’s important to understand the complexities around financing trade, the various products offered by financiers, and understanding the pitfalls, challenges and use cases for trade credit.
The first estimates for the factoring industry worldwide in 2019 have been announced today by the FCI Secretary General at BCR’s 20th RFIX event
To really move global trade to the next sustainable, transparent, fair, free and efficient stage that younger generations rightly expect to see, we need to find effective ways to replace age-old ways of doing business with a modern standards framework and modern technology.
A regulatory environment that supports the safe and robust development of the data economy, the emergence of FinTech and BigTech firms and the growth of the crypto-assets market is essential for banking transformation, says new white
For years microcredit has been used as a tool to fight both poverty and gender inequality. However, over the years, many researchers have concluded the Microcredit might not be the miraculous solution to these issues.
The life of a corporate treasurer is changing, and so is transaction banking. TFG spoke to Lesley McNamara at BAML on integrating product offerings, digital banking trends, corporate treasury and trade updates.
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