The speed and severity of the economic downturn has been far greater than the last recession, in 2008–09. The IMF forecasts that world GDP will shrink by almost 5% this year. Growth is coming back as the lockdown eases.
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.
The FCI Annual Review is a globally recognised publication in the world of Factoring and Receivables Finance.
Debtor Finance is a simple, viable alternative to consider for relatively quick access to working capital funding.
Unpacking previous events, TFG heard from FCI’s Secretary General Peter Mulroy, comparing how the factoring and receivables industry has fared during previous crises and what we can learn moving forwards.
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
In this interview series, we heard from two Factoring experts and learned more about the use of this genius concept. TFG’s Persiana Ignatova spoke to Thorsten Klindworth and Peter Brinsley, who are members of World of Open Account (WOA).
Guidelines to International Factoring Companies engaged in international trade, regardless of their size and industry; often face a demand from the importers for longer payment terms. This means, getting the… read more →
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
Trade Finance Global (TFG) is delighted to announce a new educational partnership with FCI Academy – the centre of knowledge for receivables finance.
HO CHI MINH CITY, Vietnam, 11th June. Deepesh Patel, Editorial Director of TFG, spoke today on the Evolution of Receivables Finance at FCI’s 51st Annual Meeting held in Vietnam. Speaking on a panel chaired by Lionel Taylor, Trade Advisory Network, alongside Editorial Directors of BCR Publishing and Business Money, the panel gave an observer view on the evolution of factoring in Southeast Asia.
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.
Invoice factoring is the practise whereby a third party factoring institution purchases a business’ outstanding invoice debt with a discount applied. This increases the availability of funds in the short-term for businesses, which is often crucial to the survival of small-to-medium sized businesses.
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.