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Discover FCI's latest In-Sight Newsletter for August 2022
Discover FCI's latest In-Sight Newsletter for August 2022
31 August 2022

Welcome to the latest edition of In-Sight!

In this issue, we hear from FCI’s Chair, Ms Daniela Bonzanini, as she shares the updates that have taken place within FCI, highlighting the increase in membership and the progress of the Executive Committee in terms of the Strategic Plan. FCI’s Secretary General, Mr Peter Mulroy, explores the growth from the first half of the year and highlights how even through the current global economic environment, the most positive trend has been the growth in cross-border factoring activity.

In the Connect section of this edition, Mr Nassourou Aminou, Regional Manager for Africa, highlights the latest workshop on building Factoring capacity in the West African Region, hosted by BCEAO Central Bank, Afreximbank and FCI. Ms Betul Kurtulus, Regional Director of CEE and SEE and the Middle East, shares an update on the CEE and SEE region. She explains how the Russia/ Ukraine war is impacting the region and how factoring has seen huge growth as more companies look to it for cash flow during challenging times. The regional Manager for the SSEA Region, Mr Thompson Lui, discusses where South and Southeast Asia is headed in the future. He touches on how FCI is in the process of implementing a new category of Members to facilitate and support the platform providers facilitating risk mitigation and international trade financing transactions.

In a follow-on from the ‘Meet the Directors’ segment, we have interviewed our staff and Secretariat so, you can get to know them a little more. Read the article and get to know Ms Monica Martin Blanco (FCI SCF Consultant), Mr Kyle Mota (FCI Director of Administration) and Mr Ciprian Radu (FCI Manager of Business and IT Solutions). In this edition, we welcome and introduce our new Associate Members, Bank of Jordan, INDOOGOO & Techcombank and our new Sponsor Member, Comarch. We get to know each of the FCI Technical Committees and their members. In this issue, we introduce the Business and IT Solution Committee, otherwise known as ‘ComCom’.

In the Education section of this issue, Ms Aysen Cetintas, FCI Education Director, shares news on how FCI is collaborating with Afreximbank and the AUC School of Business to launch the ‘Certificate of Trade Finance in Africa’ programme, following the signing ceremony at the 54th Annual Meeting. FCI Deputy Education Director, Mr Spyros Tsolis, gives information on the upcoming Legal Webinar for the Latin American and Caribbean region. This webinar will be hosted in Spanish and explore the topic of “Contract & Rules: The Key Elements for correct Factoring & Supply Chain Finance Transactions”.

In the Influence section of this edition, Ms Luiza Buserska, Corporate Communications Executive at CODIX, explains how banks in the eurozone will need to develop strategies to account for climate change risks. Mr Zhixian Tang, Head of Trade Finance Department at ICBC Seoul Branch, shares his thoughts on the changing landscape of Trade Finance. Finally, we finish with the ‘FCI Spreading its wings’ segment, highlighting what the FCI staff have been up to over the last quarter, including participation in other organisations’ events.

We hope you enjoy the reading!

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