In 2023, the Americas Region represented 6% of global factoring volume. South and Central America saw an increase of 4.3% to EUR 129 billion. North America decreased by 10.7% to EUR 92.8 billion. The region’s total domestic factoring volume reached EUR 222 billion, while international factoring exceeded EUR 11 billion. Growth in 2022 marked the first time the LA&C sub-region surpassed the billion-euro threshold, which was happily confirmed in 2023. Overall, the region experienced positive growth, which is very encouraging. In this extract from the FCI Annual Review 2024, we explore the Americas Regional Updates, presented by Mr Alberto Wyderka, FCI Regional Manager Americas. Read more via https://lnkd.in/eAFahiPb #fci #factoring #receivables #finance
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Growth of Factoring Services Market: The global factoring services market size was valued at $3.567 trillion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 9.20% from 2023 to 2030. #southflorida #finance #factoring #globalbusiness #globaleconomy #latinamerica
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In 2023, the World Factoring industry demonstrated robust resilience and growth, with a notable 3.6% increase in volume compared to 2022. This follows two consecutive years of double-digit growth, bringing the volume to €3,791 billion, up from €3,659 billion in the previous year. Although the growth rate has normalised compared to the volatility of recent years, it reflects a return to pre-pandemic stability. Read the full release of the 2023 World Factoring statistics via https://lnkd.in/ezFatx7i #fci #factoring #receivables #finance
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According to the latest figures from EUFederation for the Factoring and Commercial Finance Industry, the European factoring industry experienced continuous growth in?2023,?but at a slower rate compared to previous years. #factoring #invoicefinance #trfnews
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?? FCI: Global factoring industry sees 3.6% growth in 2023, returns to pre-pandemic stability ?? In 2023, the World Factoring industry exhibited robust resilience and growth, with a 3.6% increase in volume compared to 2022. ?? Over the past two decades, factoring has shown remarkable strength, with a compounded annual growth rate of 8.3%. Both domestic and international factoring have grown substantially, supporting?SMEs?and corporates by providing liquidity, protecting against customer bankruptcies, and offering global collection support. ?? Neal Harm, Secretary General of FCI has stated “This year’s data reaffirms the vital role of factoring and open account finance in supporting global trade, providing stability, and fostering economic growth across diverse regions.” ?? Read the news by following the link in the comments section below ?? #FCI #Factoring #SMEs
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FCI 's 15th CEE & SEE Regional Conference on Factoring & Supply Chain Finance is just over 2 weeks away. To be held in #Prague, Czech Republic on 24th & 25th October, this key event is presented in partnership with EBRD and the ?eská leasingová a finan?ní asociace (?LFA) (Czech Leasing & Financial Association). Opening the programme is ?a?atay Baydar, Chairman, FCI ; Chairman, TEB Faktoring A.?., BNP Paribas, followed by keynote speaker David Navratil, Chief economist, Head of Economic and Strategic Research, ?eská spo?itelna, on the state of the economy in Central and Eastern Europe, and FCI Secretary General Neal Harm covering recent developments and industry trends in factoring. MonetaGo CEO Neil Shonhard has been invited to speak about Receivables Recording Centres, and how interoperable registries facilitate financial inclusion and access to finance, with digitalisation enabling economic growth and opportunities for SMEs and MSMEs. Crucially, advancing the financial ecosystem is paramount to change the course of the over 50% of SME finance applications being rejected by lenders (World Trade Organization, 2024). The conference programme is out now- see more information on the conference via the link in comments. #supplychainfinance #factoring #globaltrade #digitalisation #fraudprevention
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?? TL;DR: FCI annual report highlights stable growth and tech innovation in 2023 ?? The FCI Annual Review for 2023 confirms a return to pre-pandemic stability in the global factoring market. ?? The report shows a global growth of 3.6%, marking the third consecutive year of expansion. ??? Neal Harm, FCI Secretary General, said, “As was predicted in last year’s report, 2023 volumes slowed from the prior two years. However, the world factoring statistics indicate that the 2023 volumes in factoring and receivables finance witnessed a continued growth trajectory, increasing by +3.6%, which comes off the heels of two consecutive solid growth years in 2021-2022”. ?? This growth is based on an estimated volume of €3,791 billion, up from €3,659 billion in 2022. ? In our latest #TRADEFINANCETALKS Magazine Issue 22, TFG's Brian Canup and Deepesh Patel write about FCI's Annual Review for 2023, highlighting a return to pre-pandemic stability in the global factoring market. ?? Read our article in the comments section below ?? #FCI #report #technology #innovation
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The World Factoring Yearbook 2024: Europe’s factoring volumes in 2023 were disappointing for many countries, with growth of only two or three per cent or even less in nearly half the 18 countries profiled. On the other hand, these results are way ahead of GDP growth in the EU and the Eurozone in 2023, which was 0.3 per cent in both areas according to the European Commission. Click here ??https://lnkd.in/em7UrVsn, to order your copy of the World Factoring Yearbook 2024. #factoring #invoicefinance #tradefinance #wfy #wfy24 #trfnews
World Factoring Yearbook 2024 reports mixed fortunes for Europe’s factoring volume in 2023
bcrpub.com
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In 2023, the global factoring industry grew by 3.6%, returning to pre-pandemic stability with a total volume of €3,791 billion. Europe led with 68% of the market, while the Asia Pacific and Americas regions saw notable increases, underscoring the industry's resilience and crucial role in global trade finance. #convergencetfs #factoring #globaltrade #tradefinance #economicgrowth #financeindustry #smes #receivablesfinance #businessgrowth
FCI: Global factoring industry sees 3.6% growth in 2023, returns to pre-pandemic stability
https://www.tradefinanceglobal.com
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This week: FCI 's15th CEE & SEE Regional Conference on Factoring & Supply Chain Finance, to be held in #Prague, Czech Republic on Thursday 24th and Friday 25th October. Opening the programme is ?a?atay Baydar, Chairman, FCI; Chairman, TEB Faktoring A.?., BNP Paribas, followed by keynote speaker David Navratilátil, Chief economist, Head of Economic and Strategic Research, ?eská spo?itelna, on the state of the economy in Central and Eastern Europe, and FCI Secretary General Neal Harm covering recent developments and industry trends in factoring. MonetaGo CEO Neil Shonhard is speaking following the opening keynotes, about Receivables Recording Centres and how interoperable registries facilitate financial inclusion and access to finance, with digitalisation enabling economic growth and opportunities for SMEs and MSMEs. Crucially, advancing the financial ecosystem is paramount to change the course of the over 50% of SME finance applications being rejected by lenders (World Trade Organization, 2024). This key event is presented in partnership with EBRD and the ?eská leasingová a finan?ní asociace (?LFA) (Czech Leasing & Financial Association). View more of the conference programme via the link in comments, below. #CEE #SEE #factoring #supplychainfinance #trade #globaltrade
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