{"id":3552,"date":"2019-10-07T12:53:24","date_gmt":"2019-10-07T11:53:24","guid":{"rendered":"https:\/\/www.alvantia.com\/?p=3552"},"modified":"2019-10-07T12:53:14","modified_gmt":"2019-10-07T11:53:14","slug":"alvantia-participates-in-amefacs-11th-annual-convention","status":"publish","type":"post","link":"https:\/\/www.alvantia.com\/en\/alvantia-participates-in-amefacs-11th-annual-convention\/","title":{"rendered":"Alvantia participates in AMEFAC\u2019s 11th Annual Convention"},"content":{"rendered":"\n

On September 26, the\u00a0Mexican Factoring Association<\/strong><\/a>\u00a0(AMEFAC) held its 11th annual convention, which brought together the sector\u2019s main representatives from around the world. Different companies, authorities and institutions involved in factoring addressed topics related to global trends in its regulations, international experience, legal framework, macroeconomic perspectives, new markets, as well as funding alternatives.<\/p>\n\n\n\n\n\n\n\n

\u00c1ngel Espaillat<\/strong><\/a>, AMEFAC chairman, presented the latest data on factoring\nactivity at international level, highlighting the role of Europe, where 66% of operations take\nplace<\/strong>. Espaillat stated that\nwithin Latin America (which currently makes up 4% of the global market), 20% of\nbusiness occurs in Mexico, mainly resulting in (85%) factoring activities for\nsuppliers or confirming. In his presentation, he also explained that despite\nthe Mexican economy increasing just 0.1% in the second quarter of the year in\ncomparison with the previous quarter, financial factoring in Mexico recorded growth of 11%<\/strong>. This is because it is a favourable mechanism in times of\nrecession, as it allows resources to be obtained in advance from accounts\nreceivable, regardless of a company’s line of business, ensuring liquidity for\ncompanies so they can operate in the short term.<\/p>\n\n\n\n

For her part,\u00a0Gabriela Guillermo Prieto<\/strong>, director of export finance at\u00a0Bancomext<\/a>, offered interesting data on international factoring and how it is constantly growing. She stated how, following the merger of IFG and FCI, the largest global factoring network now has 400 members in 90 countries. She also stressed that for Mexico, a key player in foreign trade in Latin America (where it has 75% of the market), \u201cthe opportunity for growth in the international factoring business is very big\u201d.<\/p>\n\n\n\n

Alvantia<\/span> participated in the event for the third consecutive year and was represented by its CEO, Roberto Guti\u00e9rrez Bezanilla,<\/strong> and director general in Mexico, Ignacio Felgueroso Arias<\/strong>. In his presentation, Guti\u00e9rrez stressed the company\u2019s extensive experience of over 15 years in the very mature European market and set out its capacity to create disruptive innovation, at both functional and digital levels<\/strong> in the Mexican market, where it has been present for over 4 years. He also highlighted that  Alvantia <\/span>\u2019s technological solutions for commercial financing facilitate, at international level, over 50 billion euros worth of assignments per year (that is, over 1000 billion MXN of assignments per year).<\/p>\n\n\n\n

\"\"
Roberto Guti\u00e9rrez Bezanilla, CEO of Alvantia, during his presentation <\/figcaption><\/figure>\n\n\n\n

In this intense session, which covered access to credit for SMEs, the change of government, money laundering prevention, factoring as a crowdfunding model, production chains and the digital environment in the market,  Alvantia <\/span> had the opportunity to share its in-depth functional and technical knowledge, establishing new channels for collaboration with directors of the companies attending in order to meet the sector\u2019s current challenges in the country and seize its opportunities.<\/p>\n

<\/div>","protected":false},"excerpt":{"rendered":"

On September 26, the\u00a0Mexican Factoring Association\u00a0(AMEFAC) held its 11th annual convention, which brought together the sector\u2019s main representatives from around the world. Different companies, authorities and institutions involved in factoring addressed topics related to global trends in its regulations, international experience, legal framework, macroeconomic perspectives, new markets, as well as funding alternatives.<\/p>\n

Continue Reading<\/i><\/a><\/p>\n","protected":false},"author":5,"featured_media":3511,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[186,231,207,261,216],"tags":[34,308],"class_list":["post-3552","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-alvantia-2","category-events","category-factoring-en","category-news","category-reverse-factoring-en","tag-alvantia","tag-amefac","not-single"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.alvantia.com\/en\/wp-json\/wp\/v2\/posts\/3552","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.alvantia.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.alvantia.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.alvantia.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.alvantia.com\/en\/wp-json\/wp\/v2\/comments?post=3552"}],"version-history":[{"count":6,"href":"https:\/\/www.alvantia.com\/en\/wp-json\/wp\/v2\/posts\/3552\/revisions"}],"predecessor-version":[{"id":3569,"href":"https:\/\/www.alvantia.com\/en\/wp-json\/wp\/v2\/posts\/3552\/revisions\/3569"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.alvantia.com\/en\/wp-json\/wp\/v2\/media\/3511"}],"wp:attachment":[{"href":"https:\/\/www.alvantia.com\/en\/wp-json\/wp\/v2\/media?parent=3552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.alvantia.com\/en\/wp-json\/wp\/v2\/categories?post=3552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.alvantia.com\/en\/wp-json\/wp\/v2\/tags?post=3552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}