FIMBank Attends FCI 50th Anniversary Event

18.06.2018

FIMBank representatives recently attended the 50th edition of the FCI Annual Meeting in Amsterdam. This golden anniversary edition provided an opportunity to look back and celebrate the rise of factoring and receivables finance over the past 50 years, while looking ahead to the future, gauging the direction of the industry and debating the most significant developments.

The principal themes discussed included the rise of fintechs and blockchain technology, their possible benefits, potential threats to the industry, as well as the impact of the Basel regulatory capital requirements and the use of credit insurance as a risk mitigation tool, together with their combined effect on capital adequacy.

The event also focused on the importance of implementing a robust compliance framework for factoring operations  and the benefits of establishing a Supply Chain Finance (SCF) platform in such operations.

The implementation of an SCF operating system within FCI was also on the agenda, particularly in terms of its function to facilitate the activation of business by supporting the on-boarding process of anchor buyers and their suppliers, both on a domestic and cross border basis.

The event hosted 195 factoring entities and 271 delegates, hailing from 63 countries.

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