Category: FCI
At the 50th Anniversary Annual Meeting of FCI being held in Amsterdam, members yesterday unanimously voted to make Islamic Shari’a compliant factoring a part of the FCI’s group of supported business finance solutions International Factoring and Shari’a Finance Changes to the General Rules of International Factoring will now ensure that this important and growing branch […]
At the 51st Annual Meeting of FCI, held in Ho Chi Minh City, Vietnam, the attending members have been advised of the results of the 2019 Annual Awards for Excellence in the correspondent two-factor performance categories. Following the Council Meeting which took place within the event, a new Executive Committee has been elected. TFG reports […]
FCI held its 53rd Annual Meeting virtually, with a highly successful, informative and in-depth programme involving over 30 leading industry experts via panel discussions on the latest trends and challenges in the Global Factoring and Receivables Finance Industry.
PODCAST: Banks predict up to 30% decline in trade flows, latest ICC Global Survey on Trade Finance shows
FCI Academy, the education arm of FCI, has launched a new e-learning course on Supply Chain Finance and Reverse Factoring. As the latest addition to FCI Academy’s six online modules, the course aims to help businesses improve their working capital, build stronger supplier relationships, and reduce supply chain risk. Covering all aspects of the trade […]
Edifactoring 2.0 has officially been launched after undergoing rigorous security tightening, and a few new features to make the processing of messages with transactions just that much easier for our users. FCI’s two-factor platform helps bridge the foreign languages and local laws gap by allowing local factors to communicate with each other in one safe […]
Estimated reading time: 3 minutes The Brainy Insights, a market intelligence firm, has projected that the global invoice factoring market, valued at $2.74 trillion in 2022, is set to surge to a whopping $6 trillion by 2032. This remarkable growth can be attributed to the widespread adoption of machine learning (ML), natural language processing (NLP), […]
Estimated reading time: 3 minutes As announced in June 2022, the current Secretary General, Mr. Peter Mulroy, is set to retire on 29 February 2024. FCI has confirmed that Mr. Neal Harm will be taking over the role. Mr. Harm, originally from the United States, comes to FCI from his previous position at Fintainium, where […]
Prime Bank has entered into an agreement with FCI in Dhaka, enabling the bank to carry out an international factoring operation with UniCredit Factoring Italy. This operation, facilitated through FCI’s electronic data interchange platform, EDIFactoring 2.0, introduces international financing avenues for Bangladesh’s export sector, enhancing the scope for supply chain finance. International factoring involves the […]
