Press Release: TFG and FCI Academy Announce Education PartnershipThursday 4 July 2019
Trade Finance Global (TFG) is more than delighted to announce an educational partnership with FCI Academy; the Centre of Knowledge for Receivables Finance. FCI Academy will provide the participants of TFG Student Writer Programme with ten educational licenses for the ‘Fundamentals on Domestic and International Factoring Course’.
During the six month programme, students from top universities around the world will be on-boarded onto TFG’s Student Writer programme, learning about trade and receivables finance, and reporting on topical matters around this niche, ranging from the uncertainties in the geopolitical and economic climate, to innovations in global trade. Articles may also be published in TFG’s magazine ‘Trade Finance Talks’. The students will also have the opportunity to build their network by interviewing experts from the trade finance sector and at the same time to develop as writers.
The Student Writer Programme, an initiative from TFG, aims at bridging the well-known educational gap in international trade, shipping, and finance. Now in its second year running, TFG has partnered with FCI Academy to help provide an enriching educational opportunity to some of the student writers. The FCI Academy Course is an online foundation course about the Domestic and International Factoring, including a brief history of the industry, FCI, the different types of factoring, the benefits, the methods and the mechanism of the two-factor system.
This programme is one of two education initiatives led by TFG, the other being the Accelerate Scholarship by TFG, where TFG hosts a grant that helps students to realise their full potential in a career in trade. This will be announced later on in the year.
Aysen Çetintas, Education Director of FCI said: “FCI is delighted to be joining forces with TFG to support the participants of TFG Student Writer Programme. The partnership will positively contribute to fill in the educational gap in international trade and finance by providing knowledge and best practice in domestic and international factoring, one of the best financing tools for open account trade both in emerging and developed markets. We are pleased to support the TFG and the participants of the Student Writer Programme from top universities all around the world in this important initiative.”
Deepesh Patel, Director, Partnerships and Marketing at TFG added: “The educational gap in trade, receivables and factoring remains a concern for the industry. By attracting young talent into the industry, with the incredible help of the FCI Academy, we believe that this initiative, now entering into its second successful year, is a force for good in enabling the understanding of global trade and commerce.”
The announcement follows the news of TFG’s launch of its publishing business, Trade Finance Talks, a publication, podcast and thought-leadership series aimed at educating practitioners in trade from around the world. Attracting around 100k monthly readers, Trade Finance Talks has a global audience in 185 countries.
FCI Academy constitutes the most complete education programme on Factoring & Receivables Finance, providing a wide range of globally recognised and accredited educational offerings that aim to support personal, corporate and market development globally. The Academy utilises a variety of knowledge delivery systems that include Online Learning Methods (e-learning courses, webinars, online training sessions) as well as Real Time Training Sessions (seminars & workshops, on-site tailor-made training), for enhancing professional and business growth.
This newly launched partnership between TFG and FCI Academy affirms that education is a key element for future development and the professionalisation of the trade finance 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.
FCI is the Global Representative Body for Factoring and Financing of Open Account Domestic and International Trade Receivables. With close to 400 member companies in 90 countries FCI offers a unique network for cooperation in cross-border factoring. FCI offers three major areas of activities:
CONNECT : the Business network supports cross-border factoring activities through which its members cooperate as export and import factors
EDUCATE : FCI promotes and develops best practices in both domestic and international factoring and related Open Account Finance products through FCI Academy
INFLUENCE : FCI promotes and defends the Industry with stakeholders and policy makers worldwide.