The UK has begun formal preparation for a free trade agreement with India, a post-Brexit target for Prime Minister Boris Johnson as he seeks to prove the benefit of leaving the European Union. Britain will begin a 14-week consultation on the potential FTA with the world’s largest democracy with the aim of starting negotiations in […]
The fast-growing challenger Fedelta chooses to partner with Vilja when expanding its SME loan business in Sweden. The booming SME loan segment is in huge need of digital banking offerings that are simple and flexible. Today the SME companies are underserved with lengthy, complex and unfair application processes. However, the availability of new data sources […]
FCI Academy announces the opening of the certificate programmes and the specialized online courses to all industry stakeholder. FCI Academy, the most complete education programme on Factoring & Receivables Finance, is providing a wide range of globally recognised and accredited educational offerings that aim to support personal, corporate and market development globally. Until now, most […]
PPS, formerly PrePay Solutions and an Edenred company, today announces new partnership with leading Finnish accounting company, Talenom. Listed on the Helsinki Stock Exchange since 2015, Talenom provides commercial accounting and bookkeeping solutions across the Finnish and Swedish markets. Its traditional customer base is weighted towards medium size companies, but a strategic focus to increase […]
A poll of Australian small businesses shows that almost half (46%) introduced new funding options in 2020 to deal with the pandemic and its aftermath. ScotPac’s SME Growth Index is Australia’s longest-running in-depth research on small business growth prospects, with 1253 small business owners polled this round. ScotPac CEO Jon Sutton said the research provides […]
Temenos (SIX: TEMN), the banking software company, today announced that Barko Financial Services (BFS), a leading microfinance institution in South Africa, has gone live on Temenos Software-as-a-Service to make it faster and easier for South Africans to access finance remotely during Covid-19. The Temenos solution combines Temenos Infinity digital banking platform and Temenos Transact next-generation […]
The provisional data collated by the EU Federation for the factoring and commercial finance industry (EUF) shows that in 2020 factoring and commercial finance volumes in the EU decrease of 5.6% in factoring turnover. It is the first time in 11 years. Total factoring turnover in the EU reached €1.78tr comparing to €1.91tr in 2019. […]
Nearly two-thirds of Indian small businesses experienced growth in 2020 through technology investment and adoption. They maintain a confidant outlook despite the impact of Covid-19, according to CPA Australia’s 2020-21 Asia-Pacific Small Business Survey. The survey canvassed 4,227 small businesses in 11 markets across the Asia-Pacific region, including Australia, Mainland China, Singapore and Vietnam. 512 […]
The first estimates for the factoring industry worldwide in 2020 have been announced today by the FCI secretary general. The global figure gives a significant indication that the industry had a very challenging year, in line with the havoc that the 2020 pandemic created globally, all countries impacted differently based on their own specific measures […]
The joint state aid programme of the German federal government and German trade credit insurers, set up to stabilize supply chains during the pandemic, will come to its planned end on June 30, 2021. Based on all parties analysis of the current market situation, an extension is not necessary, especially since the expiration of the “protective shield” will be […]
