FCI Executive Committee has appointed Technical Committees.
This Web EDI system is based on central processing and reporting, message validation and mail boxing which has the overall purpose of supporting the two-factor business of FCI members.
In summary, this committee has one main task: make the FCI members’ wishes regarding the communication on cross-border factoring become reality.
But do not let the initial statement mislead you! The COMCOM is not just a team of dedicated technicians developing tools to improve our members’ performance, but also a research centre continuously exploring new ideas and products to the same purpose.
Today the committee is composed of:
TEB Faktoring, Turkey
Nordea Finans Denmark
BNP Paribas Factor, Denmark
Working closely with the Education Director and Deputy Education Director, the Education Committee supervise all FCI courses, decide on the modification of existing or on the release of new courses, decide on the development of new education manuals.
The Education Committee is responsible for the coordination, development and organization of education seminars, workshops and webinars.
Dedicated to helping you achieve your education goals, at a time and place that suits you.
Currently the committee is composed of:
Banca IFIS Italy
Banco Supervielle, Argentina
Egypt Factors, Egypt
China Construction Bank, China
For problem resolution between export factors and import factors, a more formal FCI Arbitration process is available, even though most conflicts are settled in an amicable manner, based on the strong ties which exist between most of the FCI members.
Today the legal experts of the committee are:
Bette - Westenberger - Brink Lawyers
Our Team of Marketing experts, usually representing members from all regions of the World, develops Marketing, PR and Promotion activities in order to fulfil our different aims.
FCI is focused on promoting the two-factor business, bringing FCI members new sources of revenue and encouraging the sharing of the intrinsic knowledge inside our network.
More Members > More Volume > More Revenues
Currently, the committee is composed of:
Deutsche Factoring Bank, Germany
Banco Ourinvest, Brazil
UniCredit Factoring, Italy
China Minsheng Banking Corp, China
This is the aim of the Committee and, with the assistance of a group of experienced specialists chosen among our members, we are certain it will succeed in achieving this important goal and design the future of FCI.
The Committee is currently launching the FCIreverse platform.
Exicon Consultoria em Crédito e Cobrança Ltda, Brazil
Raiffeisen Factor Bank, Austria
FCI’s Vision is to be the Global Association for the Open Account Receivables Finance Industry. To that end, we endorse the prevention of financial crime and respect for regulatory compliance and conduct. The Compliance Committee was established to develop a compliance policy, both internal and external, to ensure that all laws, regulations and FCI Core Values are in place and to better understand the risks associated with FCI’s business activities. The Executive Committee established the Compliance Committee to oversee the compliance activities of FCI, to which it reports. Their responsibility includes:
- Creates, maintains and advises on FCI’s compliance policies
- Develops minimum standards, tailored to its needs;
- Advises on the KYC questionnaire and procedures and its continuous improvement;
- Sets up and maintains a repository of statutory actions in case of non-compliance
- Recommends disciplinary actions in case of violation of policy;
- Conducts workshops and seminars on best practices in compliance
- Contributes opinions and updates for the FCI Newsletters and Website;
- Liaises with other committees to ensure an integrated approach to compliance risk;
- Suggests other activities for the proper and effective compliance for FCI and its members.
Currently, the members of the Compliance Committee are:
RSM Netherlands (GRC) Consultancy, The Netherlands
The CIT Group/Commercial Services, United States of America
BNP Paribas Fortis Factor, Belgium