In the latest report on GDP (gross domestic product) from the US Bureau of Economic Analysis, real GDP growth in the first quarter of 2024 slowed dramatically from the growth registered in the second half of 2023. Real GDP grew at only 1.6 % in the first quarter (seasonally adjusted annualised rate), and that compared to 3.4 […]
Brite Payments, a leader in instant bank payments, today announced the launch of Brite Instant Payments in Germany. The fast-growing Swedish fintech enables instant account-to-account (A2A) payments and payouts, leveraging Europe’s open banking infrastructure. The launch of the company’s full solution in Germany marks its most significant market expansion to date, building upon its strong […]
Continental Europe is largely represented by P2P platforms with external loan originators. Most of them are concentrated in Spain. Third-party creditors in the consumer segment of the European P2P market account for 56.6% of the total. There is a certain pattern associated with the age of the platforms. Companies operating for 8 years or less […]
We are pleased to release the preliminary world factoring statistics for 2023, indicating that the factoring and receivables finance industry volume witnessed an increase of +3.3% in 2023, following a double-digit increase of 18.3% in 2022. Compared with the previous year’s €3,659bn, the 2023 estimated volume of €3,781bn represents lower increase than the last 2 […]
Europe’s national tourism authorities have met to advance shared solutions to the biggest challenges facing tourism as well as the opportunities offered by the sector’s post-pandemic return. The 70th meeting of the UN Tourism Commission for Europe brought together 40 high-level representatives in the Albanian capital. With the participation of nearly all UN Tourism’s members […]
IBOS Association (IBOS), an international banking network, is delighted to announce its newest member, Santander Consumer Bank AG, strengthening the existing Santander Group presence within the alliance. Santander Consumer Bank AG bolsters IBOS’s strong geographic coverage in Europe, and specifically enhances the network’s presence in Germany. The Santander Group has a large and vibrant presence […]
The annual Asia-Pacific Small Business Survey found 78 % expect to grow in 2024, the country’s best result since 2012 and higher than the survey average of 70 %. The upbeat sentiment is pegged to the confidence in the economy with nearly three quarters expecting it to grow this year, above the survey average of […]
On 21 and 22 March, FCI and The EU Federation for factoring & commercial finance (EUF) hosted the 9th EU Factoring Summit in Vienna, Austria. This ninth Summit provided a unique opportunity for industry leaders to network and address topics that matter to the factoring industry. The programme addressed the latest updates and promoted the […]
Mr. Fausto Galmarini, a member of the executive committee of Assifact, the Italian Association for Factoring, has been re-elected as chairman of the EU following a vote by the EUF’s executive committee, which met on 21 March 2024. His mandate takes effect immediately for a period of 2 years. Galmarini has been working in the […]
A recent report from Statista has highlighted a burst in fintech growth across the Latin American (LATAM) region in recent years, where over 2,200 fintechs are approximated to offer services to customers. The report highlighted the region’s great appetite for seamless, accessible and transparent services, and how, thanks to thanks to high internet penetration, fintechs can cater to the […]
