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Discover FCI's latest In-Sight Newsletter for November 2022
Discover FCI's latest In-Sight Newsletter for November 2022
1 December 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 Secretary General transition period, the 55th Annual Meeting and the new memberships. FCI’s Secretary General, Mr Peter Mulroy, explores the ESG Impact on Receivables Finance and asks the question where are we heading?.

In the Connect section of this edition, Mr Nassourou Aminou, Regional Manager for Africa, shares highlights from the Afreximbank, EFF and FCI workshop on the promotion of factoring in Africa. Mr Thompson Lui, Regional Managers for the South and Southeast Asia, shares the South and South Asia Insights from 2022. Ms Betül Kurtulus, Regional Director CEE and SEE and the Middle East, shares an update on the Resilience and developments of Factoring in CEE & SEE regions conference that took place this past quarter. Ms Betül Kurtulus and Ms Aysen Çetintas, FCI Education Director, shared their views and experience from the recent event FCI hosted with EBRD on Regional Trade Finance and Factoring Conference for Banks and Corporates. Mr Lin Hui, Regional Director for North East Asia explains the “Middle-Income Trap” of Movable Asset-based Finance. And Mr Alberto Wyderka, Regional Director for the Americas shares his views on when needs and opportunities meet.

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 Gwendoline de Viron (Head of Marketing & Communication) and Ms Teresa van de Putte (Administrative Assistant). In this edition, we welcome and introduce our new Partner Member; LedgerFunding Inc., our new Affiliate Member; State Bank of India (SBI), New York and our new Associate Member, Banco Unión S.A.. We get to know each of the FCI Technical Committees and their members, in this issue we introduce the Education Committee, otherwise known as ‘EdCom’.

In the Education section of this issue, Ms Aysen Çetintas, shares news about Afreximbank and FCI’s Factoring Workshop in Kampala, Uganda. FCI Deputy Education Director, Mr Spyros Tsolis, shares highlights from the Legal Webinar for the Americas as they explored “Contract & Rules: The Key Elements for correct Factoring & Supply Chain Finance Transactions”.

In the Influence section of this edition, Mr Yüce Uyanik, Legal Committee Member, shares the latest developments on the AAOIFI’s Shari’ah Standard 59, the sale of debts and factoring. We reflect back on the life of Mr Roberto Weckop as we hear from various FCI colleagues on their times with him. Mr Stephen Bohner, from Crédit Agricole Leasing & Factoring S.A. - Niederlassung Deutschland, shares the exciting news on how the latest Merger leads to new heights for German Factoring Industry. Mr Roger Vincent, from Trade Ledger, shares 6 reasons why lenders need to embrace next-gen working capital now. Finally, we finish off 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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