On 25 and 26 April, the Spanish Factoring Association (AEF) held its thirty-sixth General Meeting at the emblematic Hotel Carlton in Bilbao. Once again, Alvantia sponsored this event, which brings together the main players in the commercial finance industry in Spain.
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On 24 and 25 April, the 2nd South Campus Forum on Employment, Innovation and Technology Transfer was held at the Universidad Politécnica de Madrid (UPM). It was a gathering that allowed the students of the Higher Technical Schools of Computer Systems Engineering and Telecommunications to get to know first-hand the different scholarship and internship programmes offered by the participating companies.
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On 21 and 22 March, Lisbon played host to the V edition of the EU Factoring and Commercial Finance Summit, a key event in the Factoring and Commercial Finance industry in which Alvantia participated as Gold Sponsor.
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For the fourth consecutive year, Alvantia has participated, as Gold Sponsor, in the Receivables Finance International Convention (RFIx), a key event in the trade finance sector that this year celebrated its nineteenth edition at the Marriott Grosvenor Square Hotel in London. (more…)
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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• 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
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.
There is a symbiotic relationship between payment methods and economic activity: the evolution of means of payment has historically favoured economic development, and similarly, the evolution of economic activity has led to the modernisation of means of payment.
Cash is the most popular means of payment worldwide, used in 85% of all transactions. However, despite the overwhelming prevalence of cash as a payment method, it is slowly declining. And that 15% of non-cash transactions (9.1% credit/debit cards and 4.6% direct debits/bank transfers) is where a disruption is now occurring which will affect the entire means of payment system.
According to the Charter of Fundamental Rights of the European Union, the protection of natural persons with regard to the processing of personal data is a fundamental right. However, rapid technological change and globalisation have posed new challenges in this area. The scale of the collection and exchange of personal data has increased significantly, and technology now enables both private companies and public authorities to use personal data on an unprecedented scale in carrying on their activities. At the same time, awareness of personal information is growing, and there is clearly a growing concern for security, privacy and the protection of personal data.
