At FCI’s 56th Annual Meeting in Seoul, Trade Finance Global (TFG) spoke with Neil Shonhard, CEO at MonetaGo, and Nassourou Aminou, Regional Director for Africa at FCI, to learn more about collateral registries and the keys to factoring growth on the African continent.

At the 56th annual FCI event in Seoul, Neal Harm, Secretary General, FCI, was joined by Doaa Hafez, Executive Committee Member, FCI, to dive deeper into the world of factoring.

FCI has released their Annual Review for 2023, highlighting a return to pre-pandemic stability in the global factoring market. 

Trade Finance Global spoke with Çağatay Baydar, Chairman at FCI and Irina Tyan, Principal Banker, TFP at the EBRD about factoring and SCF.

In 2023, the World Factoring industry exhibited robust resilience and growth, with a 3.6% increase in volume compared to 2022.

The EBRD TFP conference gathered industry leaders to discuss evolution of factoring and supply chain finance in emerging markets.

FCI has published their preliminary world factoring statistics for 2023, showing the industry experienced a rise of +3.3% in 2023.

To better understand the principles of financial inclusion, equitable regulation, and sustainable growth in the factoring industry, Trade Finance Global’s (TFG) Deepesh Patel spoke with new FCI Secretary General, Neal Harm. 

Factoring in Africa allows businesses to sell their accounts receivable at a discount to gain immediate cash flow, is gaining traction across the continent, buoyed by significant growth and the support of institutions like Afreximbank and FCI.

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.