Rapidly advancing technologies and a changing regulatory landscape are opening doors to disruptive innovation in financial services. To that end, there is a decisive role that invoice financing is playing in the fintech market as cash flow continues to dictate the chances of success for many businesses. Invoice factoring is here to stay, posing clear threats to the traditional structure of the financial world, but also opportunities for positive change and growth.
Among many trends driving the industry forward, innovations such as distributed ledger technology (DLT) have made a mark in the factoring landscape. It empowers individuals and companies around the globe to make transactions more efficient and economical while retaining a high level of security. Such technologies are helping the global invoice factoring market reach $4618.9 billion by 2031.
To put the spotlight on the key developments in the industry, Financial Services Review illustrates how factoring companies are uniquely positioned to empower business owners on their growth journey by simplifying business finance and access to capital. Some of the exclusive insights are authored by Patrick Halonen, Senior Vice President, Head of Underwriting at TD; Dimitar Dilov, Chief Risk Officer and Member of the Management Board at Raiffeisen Bank International AG, who shed light some of the eye-opening takeaways and opportunities that shape the future of invoice factoring and frictionless finance.
In this edition of Financial Services Review, we also bring to you the story of TAFS, a company that’s making headlines and has established a dominant position in the global invoice factoring market. TAFS is a full-service factoring company specializing in the purchase of accounts receivables from small and medium size transportation companies.
Through the following pages, we aim to shine a light on the trends and latest developments that showcase the potential of the invoice factoring market. We would like to know your thoughts.
