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Factoring Market 2029: Import-Export, Industry Chain Structure and Development Opportunities | Deutsche Factoring Bank, Eurobank Ergasias SA, HSBC Group

11-16-2021 10:58 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: StraitsResearch

Factoring Market

Factoring Market

Factoring Market

Factoring is a type financial service offered by the banks or the third-party financial service provider in which a seller trades its accounts receivables the factor at a discount rate in order to raise the funds. The seller gets immediate funds for the receivable and the factor holds the invoice and makes a small profit. It consists of three stakeholders namely seller, buyer and factor. The seller sells the goods to the buyer, raise the invoices and submit the invoices to the factor in order to raise funds whereas the factor verifies the invoices. The factor pays the 80% of the fund to the seller and remaining 20% fund after the buyer make payment to the factor whereas the interest charged  pay at the same time or may be in arrears depends on type of agreement. The cost of factoring is measured by the financing volume and the credit quality of invoices. Typically, the commission fees range from 1.15% to 3.5% per month.
Growing awareness pertaining to the advancement of financial technology, such as money transfer and payments, budgeting and financial planning, borrowing, saving and investment, and insurance, drives the adoption of Fintech. For instance, the adoption rate of Fintech globally has seen a continuous upward trend, such as, in 2019, the adoption rate of china and India is 87%, whereas for Australia, Canada, Hong Kong, Singapore, the U.K. and the U.S. is 58%, 50%, 67%, 67%, 71%, and 46%, respectively.
The Fintech companies’ offers significant legitimacy and safety solution, which monitors the SMEs transaction process. This engenders a win-win situation for the large banks and SMEs to thrive in the factoring industry. FundBox, a U.S.- based company, offers fintech solutions to SMEs. Fundbox allows SMEs to incorporate their accounting software or business bank account to its Fundbox application. This integration renders Fundbox with precise information regarding the business performance, enabling data-driven decision making concerning continuation or termination of the business relationship with the SMEs.
Advent of information technology has revolutionized the financial sector significantly. Innovative solution in financial sector has automated the transaction process in the factoring industry. Also, adoption of automated solution has not only increased the financial sector but also enhanced the security and planning solution. The implementation of crypto-solution has improved the accurate transactions and secured the critical information of both the parties (i.e Supplier and buyers of factoring process), thus preventing from the financial frauds. According to Unicsoft, one of the solution providers of blockchain has identified the some of the application areas where most of the companies are implementing the blockchain in factoring process.
Export factoring permits trade to be carried out on open account terms and assists, especially if there are short-term sales of products and where there may be a risk of non-payment. It inhibits the credit and collection troubles in the case of international sales and accelerates cash flows, thereby assisting in credit risk mitigation and provides liquidity in the business. It paves a way to provide easy finance to the exporters. Export factoring helps exporters to upturn the sales volume by offering open account terms to the importers, enabling the importers to place large orders. Moreover, factoring companies also ensure the payment from the importers, and in case if the importer defaults on a payment due to bankruptcy, the exporters hold no responsibility for the default. This provision significantly attracts exporters to international factoring. Exporters are also adopting international factoring considerably as they have realized that it can help them to become more competitive in complex world market conditions.
Europe dominates the global factoring market, with 66% of the total market share. Nowadays, factoring is considered as a secured short-term financing product committed to the development of economy and employment in Europe. Europe’s factoring market growth is primarily attributed to the presence of the key players, including Deutsche Factoring Bank, the Eurobank Group, HSBC Holdings, and many others.

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The Major Prominent Players Covered in this Report:
Deutsche Factoring Bank, Eurobank Ergasias SA, HSBC Group, BNP Paribas, Mizuho Financial Group, Inc., ICICI Bank Limited, and Axis Bank among others

By Type
Domestic Factoring
International Factoring

By Application
Small and Medium Enterprises (SMEs)
Large Enterprises & More.

NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post the COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth rate of Steerable Medical Devices in these regions, from 2021 to 2029, covering:
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

View this report with a detailed description and TOC @ 
https://straitsresearch.com/report/factoring-market/toc

Key Factoring Market Trends:
- The report identifies, determines, and forecasts the Global Factoring Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Factoring Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Factoring Market.

Key Questions Answered in The Report:
What will the Factoring market growth rate?
What are the key factors driving the global Factoring market?
Who are the key manufacturers in the Factoring market space?
What are the market opportunities, market risk, and market overview of the Factoring market?
What are sales, revenue, and price analysis of top manufacturers of the Factoring market?
Who are the distributors, traders, and dealers of the Factoring market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Factoring Industry?
What are sales, revenue, and price analysis by regions of Factoring industry?
What are the driving factors contributing to market growth during the short, medium, and long term?

Browse Full Report @ 
https://straitsresearch.com/report/factoring-market/

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New IT solution uncovers fraud in factoring
The DOC.pilot IT tool detects indications of possible forged invoices / Factoring fraudsters cause millions of Euros of losses / More security in factoring Neuss, 13 March 2017. fidis GmbH in Neuss has expanded its DOC.pilot PDF analysis tool with functions for preventing fraud. DOC.pilot detects indications of possible forged invoices and sounds the alarm when it finds any. In this way, factoring companies and banks are given an indication of
7 Benefits of Factoring Your Receivables
Every year, tens of thousands of company owners across many industries discover the benefits that come with a proven cash flow solution: factoring receivables. Many businesses struggle with keeping up with expenses during those weeks or even months before customers pay their bills, yet the owners don’t want to take out loans or don’t meet borrowing requirements. Factoring is an age-old way of turning those outstanding invoices waiting in the accounts
Optimise factoring by mouse click
Special web portal optimises interaction between factor and clients / all documents available at all times / new release with extensive filter and export function Anyone who uses factoring as a financing instrument or provides it as a factor knows what a flood of information is circulating about purchase and payment transactions every day. What seriously complicates the situation is that factoring institutions usually send out their information by normal
New Key Player in Factoring Software
German firm cormeta ag has established a subsidiary: cor-fs gmbh. The company provides specialist software to the factoring industry. The managing directors of the Ettlingen-based firm are Holger Behrens and Christian Kattwinkel. Ettlingen, May 23rd, 2011 - cormeta ag and industry expert Christian Kattwinkel have jointly established cor-fs gmbh. The company develops specialist software for the factoring industry, i.e. finance companies that purchase trade receivables. The first solution from cor-fs is
Get best advantage with Factoring Companies
Factoring Companies, the saving grace for many small businesses. The last couple of years of economic decline has caused the closure of lots of small businesses. Many small businesses across the country are struggling to keep afloat and are looking for ways to cut business costs. One solution is to find a factoring company. There is documentation on the use of factoring companies in America some time before the revolution.
Shaw Capital Factoring VS Bank Loan
Factoring is Different From a Bank Loan in Raising Cash By Eve Garcia. Companies can sell their invoices to raise cash rather than go down the bank loan route. Shaw Capital Management and Financing provide same-day-funding. We can help you meet your cash flow needs immediately without entering into a long term factoring relationship. The money you get for the freight bills we purchase is payment in full. Shaw Capital helps