|26 February 2016
trfnews this week
Michael Bickers says 'receivables finance to become a common mainstream offering'.
In the run up to the annual Receivables Finance International Convention* in Lisbon in two weeks, Michael Bickers, Managing Director of BCR Publishing commented ‘Growth in receivables finance is happening right across Europe and beyond. Businesses, banks, private and institutional investors are beginning to realise that the once humble receivable – previously largely confined to a lowly back-office administrative environment - is fast becoming the darling of the commercial finance world.
The innovative methods of delivering receivables finance are beginning to disrupt traditional funding channels. Not only will this continue, but it will also herald a new era in business finance with much larger volumes being transacted and receivables finance becoming a common and mainstream offering. To some extent this development may eat into the growth rate of the traditional factoring market and also the market share of other forms of business finance such as the overdraft and term loans. Yet it will open up new markets for receivables finance, such as in the mid cap sector (which is very much underserved) as well as secondary markets through securitisation, creating huge potential opportunities for banks, independent factors – that can adapt their business relatively easily - and platform providers.’
*RFIx 9-10 March, Lisbon
(please click on the links below to access the trfnews stories).
HPD Software rebrands as part of global expansion plans
Factoring firm completes new financing deal
Taulia set to release new SCF solution
Demica hires new COO
Unpaid bills to factoring companies will be treated as bad loans, says RBI
Afreximbank puts annual financing to African businesses at $15bn
Russian AFC publishes 2015 statistics
HH Finance expands
Afreximbank provides diversification financing facilities
CSI Factoring launches Aurora Factoring
Have a great weekend,