FCI Awards 2024: Recognising Excellence | FCI
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FCI Awards 2024: Recognising Excellence
FCI Awards 2024: Recognising Excellence
2 April 2024

On Wednesday, 12 June 2024, FCI will present the 2024 Awards in two sections. During the Council Meeting, FCI will announce the Best Students of the Year, the winner and runners-up of the FCI Marketing Award, and the top Ambassadors of the Year. In the evening, FCI will host its second Awards Dinner. The Factor of the Year Awards, Best Deal of the Year Award, and Lifetime Achievement Award will all be announced at the Awards Dinner.  

FCI 2024 Award Categories 

Best Student of the Year Awards 

The Best Student Awards​ are based on the students who scored the highest while doing the Advanced​ and Intermediate Courses in the FCI Career Path Programme at FCI Academy. 

Marketing Award 

After the very successful launch of the first FCI Marketing Award last year, we will again run the award in 2024 at the 56th Annual Meeting in Seoul. This will be awarded to the Member who has gone above and beyond to help promote Factoring, Receivables and Supply Chain Finance globally. 

Ambassador of the Year Awards 

Following a hugely successful launch last year, FCI will present the award for the FCI Ambassador of the Year this year. The FCI Marketing and Communications department and the Regional Directors and Managers submitted ratings of the Ambassadors who have contributed the most to FCI. Over the year, the Ambassadors help us reach our goals and objectives through contributions and promotions. The Ambassadors also help FCI Regional Directors and Managers gain a better understanding of regional industry development taking place on the ground. Their valuable support helps FCI better serve its members. 

Factor of the Year Awards  

The FCI Export and Import Factor of the Year Award recognises FCI Members who received the highest grade from several criteria, including Service quality as rated by their correspondents, Number of votes (ratings), Factoring volume, Number of invoices and credit notes, Individual response time, Individual collection period, and Coverage ratio. Under this Award, we have various categories, including Export and Import Factor of the Year; Export Factor of the Year; Import Factor of the Year; Import & Export Factor of the Year for Asia Pacific, Africa & Middle East, Americas and Europe; Best service quality performance improvement since last year as an Export Factor; Best service quality performance improvement since last year as an Import Factor; and finally, Overall performance as Export Factor and Import Factor over the past five years.

Best Deal of the Year Award 

For the third year, FCI will present the Best Deal of the Year Award. FCI Members are asked to submit their best deals completed via the FCI Edifactoring platform. Six submissions will then be selected by the FCI Marketing Committee and presented by the company members during the Membership Forum. The FCI Council will vote for the best Deal of the Year. 

Lifetime Achievement Award  

FCI will present the Lifetime Achievement Award this year, last presented at the FCI 55th Annual Meeting in Marrakech. The award is given to an individual in the industry who has contributed the most to defending our industry, has gone above and beyond to promote and contribute to it, and has shown leadership throughout their career. 

Submissions & Deadlines 

Factor of the Year – Rate your correspondent 

FCI Members are urged to rate their Correspondents for the Factor of the Year Awards based on the same rules as previously, which also includes several “objective” evaluation criteria. 
The online scoring will close on Monday, 15 April 2024. 

Best Deal of the Year 

FCI members interested in submitting for this award are asked to submit their best and most unique international/cross-border factoring deal via the FCI platform edifactoring.com to the FCI Secretariat for consideration. 
Submissions must be made by Friday, 19 April 2024, at the latest. 

FCI Marketing Award 

FCI members interested in submitting for this award are asked to submit their best and most unique Factoring & Receivables Finance Marketing Campaign to the FCI Secretariat for consideration. 
Submissions must be made by Friday, 19 April 2024, at the latest. 

56th Annual Meeting - Seoul 

The 56th Annual Meeting will take place in Seoul, Korea from Sunday 9 June until Thursday 13 June 2024. The theme of this Annual Meeting will be Unlocking Global Prosperity: Navigating the Future of Trade Finance. The conference will highlight import factoring, how to leverage FCI’s two-member system using the Edifactoring platform, the partnership between credit insurance - factoring, various Supply Chain Finance (SCF) models, regional spotlights, and an economic overview. We have prepared a special agenda with an exciting list of speakers and made more time for bilateral meetings in a very nice environment. 

Attend the 56th Annual Meeting in Seoul from June 9 to 13, 2024, to see who will win in 2024. Click here to learn more about the event and register today. Registrations close on Wednesday, 15 May 2024.