On 24 and 25 January, for the fourth consecutive year, Alvantia took part in the Supply Chain Finance Summit meeting held at the Grand Hotel Krasnapolsky in Amsterdam, bringing together the leading companies in the Reverse Factoring sector. The event, organised by BCR Publishing, had an ambitious programme focused on the latest trends in the SCF industry.
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As it does every year, Alvantia has decked its offices out in red to celebrate the most significant period in its calendar. In addition to the festive season, the company is also celebrating its birth in 2003, when its CEO, Roberto Gutiérrez, decided to found it on 30 December, an unusual day to establish a business.
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Alvantia held the third edition of its annual Working Breakfast with the Spanish Factoring Association (AEF) on November 27th at the Puerta América Hotel (Madrid). On this occasion the event looked at disruptive innovation and data protection in the Trade Financing sector and focused on three particular areas: Blockchain, Machine Learning and the latest GDPR developments and new Spanish Data Protection Act.
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Know-Your-Customer (KYC) defines the controls and procedures of Obliged Entities to ensure both the identification of their customers and the nature of their funds, in order to avoid business relationships with individuals or entities that may be committing money laundering or terrorist financing crimes. These procedures, which come into effect as soon as a new customer is acquired, must remain in force (e.g. updating documents) for the entire duration of the business relationship.
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There is an ever-increasing range of innovative tools to streamline software development and web technologies have evolved at lightning speed in recent years. And, not wanting to be left behind, each version of Angular offers very different concepts and ways of working even if they may share some similar features.
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On 26 September, Alvantia participated in the Annual Convention of the Mexican Factoring Association (AMEFAC), held this year at the Marriott Reforma Hotel in Mexico City. At the event, companies, authorities and institutions involved in the factoring field analysed global trends in the sector in terms of regulations, legal framework, macroeconomic perspectives and new markets, as well as funding alternatives.
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• The launch of this platform completes the implementation of the bank’s new Confirming system, a project developed over the last two years
• The application, which is multi-enterprise, multi-currency and totally integrated into Liberbank’s systems, incorporates every commercial function and digitises physical transactions
In March 2018, an investigation by The Guardian and The New York Times revealed one of the most serious technological scandals of the decade: consultancy firm Cambridge Analytica had illegally obtained the personal data of up to 87 million users through Facebook. The data leak originated from an application called “This is your digital life”, a seemingly harmless online personality test which the consultancy firm used to search for and establish socio-political profiles thanks to Big Data, therefore predicting and influencing election results.
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As we saw previously in the first post, Fintechs (business players that combine ICT and finance) undoubtedly offer multiple advantages to consumers by positioning them at the heart of financial products and services. However, some concerns are arising with regards to regulation, supervision, compliance and security.