It’s a fact that there are new technological trends that are currently revolutionising the financial markets. The term Blockchain has become an everyday word in practically everyone’s vocabulary, as it refers to the technology being used by the banking sector to reinvent itself.
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Since September 1st, Fintech Finalbion moves to the avant-garde on innovation after implementing the Alvantia commercial financing platform into its own systems, backing up its disruptive business model with the most innovative technological solution on the market. Finalbion, who specializes in the financing of working capital, now operates under Alvantia platform, which has been implemented with huge success by Alvantia’s team and will be used by Finalbion from now on to manage their receivables and payables services, among others.
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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 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 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.
Latin America has enormous potential for Factoring development (according to FCI, it represents 5% of the volume worldwide) which, based on the region’s status as global leader in the implementation of e-invoicing, will be conducive to the necessary financial inclusion of its SMEs, a requirement for achieving greater and balanced socio-economic development.
For the third year in a row, Alvantia has sponsored the Receivables Finance International Convention (RFIx), which took place this year on 14 and 15 March at the Royal Horseguards Hotel in London.
