ANNOUNCED: Strategic Partnership between TFG and FCI
London, 24th September, 2018. Trade Finance Global (TFG) announced a strategic partnership with Netherlands based global receivables association, FCI.
Trade Finance Global Announces a Strategic Partnership with FCI
With trade and receivables finance often working hand in hand as products to help companies grow their trade lines, the strategic partnership with FCI will help TFG work with FCI members and the factoring industry to promote trade finance, as well as receivables and factoring to TFG members.
Receivables Finance is at the core focus of FCI, including Factoring, Invoice Discounting and other Supply Chain Finance solutions. Working closely with Industry, policy makers and stakeholders worldwide, FCI’s promotion of receivables finance and fostering best practise in the commercial finance industry is at the heart of TFG too. Joining forces to amplify FCI’s Correspondent Factoring platform and global scale, the partnership marks the start of an exciting new chapter for TFG. The team at TFG will be working closely with FCI to strengthen its core trade finance education and content proposition, as well as promote local trade, factoring and receivables finance.
“Trade Finance Global has grown to become a world leader in content, education and brand for trade finance, one of the most complex areas of commercial finance yet accounting for 3% of world trade.” said Deepesh Patel, Partnerships Director at Trade Finance Global.
“I am therefore delighted to announce a strategic partnership with FCI, who already have close to 400 members in over 90 countries. The partnership will help connect trade and receivables finance professionals at all levels, to help build relevant knowledge and expertise, and help to maximise both of our abilities to influence stakeholders and influencers to promote our industries.”
Peter Mulroy, Secretary General at FCI, said: “Partnering with Trade Finance Global is a next step in developing strategic partnerships for FCI. The agreement will help FCI to promote Factoring and Receivables Finance among TFG members but also develop more awareness on the solution in the world through the TFG website. The agreement is in line with one of the key pillar of FCI: to support the growth of the industry.”
TFG are experts in structured trade finance, helping companies to trade, import or export goods and services.
We have a network of over 270 banks, funds and alternative lenders across different geographies, allowing us to help almost any trading company to access finance.
Founded in 1968, FCI is the global representative body for factoring and financing of open account domestic and international trade receivables. With more than 400 member companies in 90 countries, FCI offers a unique network for cooperation in cross-border factoring. In 2016, FCI entered into a union with International Factors Group (IFG) to create a combined global factoring network representing 90 per cent of cross-border factoring revenues worldwide.