Welcome to the latest edition of In-Sight!
Daniela Bonzanini, FCI Chair, reports on the Executive Committee decisions taken during the recent meeting in Italy. Peter Mulroy gives us more details about the 2022 World Factoring Statistics, showing an 18.3% increase from 2021.
Monica Martin Blanco explains the collaborative supply chains and how FCIreverse offers deep Tier Supply Chain Finance (SCF). Thompson Lui tells us more about how the SCF market is evolving in South & Southeast Asia, including obstacles and expectations for its future.
Lin Hui, who celebrated with the member in China the 30th anniversary of factoring in China, details the conclusion from the brainstorming about the need for factoring in the region, highlighting three stepping stones. I report on the joint event with the EU Federation in Cologne, the EU Factoring Summit. Betül Kurtulus explains the challenges of financing SMEs, especially in developing countries. FCI’s Edifactoring platform is presented by FCI’s supplier Centric.
The new members are presented: EdgePlus Capital Limited, BIDV, Liberty Bank, VTeam Hong Kong, and City Bank. We meet with the members of the Marketing and Communication Committee.
In the Education section, Aysen Cetintas reported on Dhaka’s ADB Supply Chain Finance workshop, and Spyros Tsolis reported on the Technical Aspects of Open Account Receivables Finance. It is announced that the 2023 Term 3 is open for registration.
Kevin Day reports on the panel on the industry’s future he was part of during the EU Factoring Summit. He shares the visions of other senior industry players. Tanya Naysmith highlights the recently awarded members at GTR Awards, EBRD TFP Awards, and BCR Awards. Seema Kumar explains how artificial intelligence is revolutionizing accounts receivable.
The publication ends with FCI spreading its wings, where you can find everything that FCI has done to promote factoring and that is not reported as a sole article.
We hope you enjoy the reading!