Trade Finance Global (TFG) and FCI are thrilled to launch its latest whitepaper. At FCI’s 56th Annual Meeting in Seoul, a panel of experts discussed the intricate relationship between credit insurance and factoring.
Trade Finance Global (TFG) and FCI are thrilled to launch its latest whitepaper. At FCI’s 56th Annual Meeting in Seoul, a panel of experts discussed the intricate relationship between credit insurance and factoring.
Credit insurance and factoring work together to mitigate risks and enhance business liquidity, making them vital tools for navigating international trade. Factoring converts receivables into immediate cash, while credit insurance protects against buyer non-payment, providing businesses with the confidence to enter new markets.
The mini magazine outlines some challenges with integrating credit insurance and factoring and posits as to how technology can be leveraged to streamline processes, enhance decision-making, and improve transparency in credit insurance and factoring. It also turns to the future, considering how regulatory changes – particularly Basel III and IV – will impact the factoring and credit insurance industry.
The panel consisted of Shan Aboo, Chief Commercial Officer for Asia Pacific, Allianz Trade; Neil Shonhard, Chief Executive Officer, MonetaGo; Dorota Szcześniak, Member of FCI Executive Committee and Supply Chain Finance Committee; and Karol Leszczynski, Product Manager, Comarch. The breadth and depth of their collective expertise ensures that the topic is done justice when translated into a magazine format.
Deepesh Patel, Editor-in-Chief at TFG, said, “This publication comes at a crucial time. Businesses worldwide are seeking ways to navigate uncertain markets, placing factoring and credit insurance at the forefront of the discussion. I had a fascinating discussion with the panel in Seoul, and I’m confident that this resource will prove invaluable for factors, insurers, businesses, and anyone interested in the future of trade.”
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