Fintech PR
Automated, Scalable SME Funding Now Possible Thanks to New Platform from Fintech Factris
- Major changes for Factris’ platform include same-day payments, streamlined onboarding, and fraud prevention for European SMEs
- Automation and AI features enable adaptations to local languages, currencies, and regulations
- The new platform is a key component to Factris’ expansion into new markets in the EU
AMSTERDAM, Feb. 22, 2024 /PRNewswire/ — After years of designing and programming, a replacement of Factris’ FAB (Finance Automation for Business) platform has been released simultaneously across all five of Factris’ markets. These include Belgium, the Netherlands, Poland, Latvia, and Lithuania.
Factris’ IT engineers applied insights learned over the course of six years to the new platform to improve nearly every aspect of how Factris funds European SMEs. This includes offering more types of financing, faster approval, direct control of accounts, and easier access to funds thanks to the platform’s new automated, AI-powered features.
The new platform replaces the original FAB platform from 2018, which has been an integral part of Factris’ main financial product known as “factoring.” The first FAB platform simply enabled SMEs to upload and sell their unpaid invoices to Factris for a fee to receive working capital within 48 hours.
This new version of FAB, though, enhances how Factris funds SMEs in almost every way while also offering unique features and capabilities, including:
- Same-day payments to SMEs and faster debt collection from debtors
- Streamlined onboarding for simpler, faster approval and service
- Three different types of factoring products are now offered, along with access to multiple insurers and funders
- Self-service portals for clients and brokers to directly manage their info, submit invoices, monitor statuses, and view reports
- AI-powered risk management to prevent fraud, late payments, or credit issues
- Automated compliance with local regulatory requirements, government institutions, financial reporting requirements, and VAT variations
- Multi-currency and multi-language capabilities for clients and debtors to interact with Factris in their local language and local currency
Factris also introduces the latest addition to the platform – the AI-enhanced Robot OCR Tool. This state-of-the-art technology utilizes optical character recognition to recognize and extract text from images and documents, which allows the company to process invoices quickly. By using this AI Tool, the company can streamline its workflows and increase productivity while eliminating the need for manual data entry.
These new automated features also give Factris greater control, flexibility, and scalability of their financial products. Armed with these new automated capabilities, Factris can now expand into new markets more easily and at a lower cost.
The new capabilities of the latest FAB platform have CEO Brian Reaves excited for European SMEs. He commented, “Since Factris’ beginning, technology and automation have allowed us to offer fast, convenient funding to SMEs. Now, with this powerful new platform, we can expand our financing services across the EU and help even more SMEs receive the working capital they need.”
About Factris
Based out of Amsterdam, Factris is a fintech company on a mission to provide quick, affordable capital to SMEs across Europe via financial technology with personalised guidance.
For more information, please www.factris.com
View original content:https://www.prnewswire.co.uk/news-releases/automated-scalable-sme-funding-now-possible-thanks-to-new-platform-from-fintech-factris-302067907.html
The December edition of FinTech Magazine includes interviews with leading experts and executives from Alipay+, Marqeta & Flyfish
LONDON, Nov. 26, 2024 /PRNewswire/ — BizClik, the UK’s fastest-growing publishing company, has released the latest edition of FinTech Magazine.This publication is highly regarded by voices within the Financial Sector for its in-depth reports and interviews with prominent figures in the industry.
FinTech Magazine
This month’s edition features an exclusive lead interview with Flyfish C-Suite, Savvas Pashias, Shay Merary and Michael Zetser on how they have developed a platform for SMEs to access banking services, as traditional infrastructure struggles to meet increasing cross-border needs.
“The UniFi platform is inherently scalable, designed to growin line with a company’s expansion and service requirements” – Michael Zetser, CEO, Flyfish
The edition also contains extensive interviews with key thought leaders from Marqeta, Sidekick, PayU and more. Plus the Top 10: Decacorns
You can visit FinTech Magazine for daily news and analysis of the ever-changing financial industry.
About BizClik
BizClik is one of the fastest-growing digital media companies in the UK, host to a growing portfolio of industry-leading global brands and communities.
BizClik’s expanding portfolio includes Technology, AI, FinTech, InsurTech, Supply Chain, Procurement, Energy, Mining, Manufacturing, Healthcare, Mobile, Data Centre, Cyber, and Sustainability.
For more information, please visit our website.
View original content:https://www.prnewswire.co.uk/news-releases/bizclik-media-launches-december-edition-of-fintech-magazine-302316768.html
LONDON, Nov. 26, 2024 /PRNewswire/ — Hakluyt, the global strategic advisory firm for businesses and investors, has today announced a new social impact partnership with Orchestras for All (OFA), on the eve of the charity’s Big Give Campaign launch.
Orchestras for All is a UK-based charity that works with 11-19 year-olds to widen access to music, with a particular focus on those who face challenges such as disability, deprivation or caring responsibilities.
Drawing on its connectivity and in-house expertise, Hakluyt will advise the charity on issues as it seeks to fulfil its mission to ensure that all children, regardless of background or circumstance, are able to share in the benefits of group music-making.
Hakluyt, which has been providing in-kind support to the charity since 2022, has now formalised a partnership with Orchestras for All that will see it provide advice and guidance across a range of strategic challenges in order to help the charity widen its impact and reach more young people.
Kayo Yoshida, who co-leads Hakluyt’s work with Orchestras for All, said: “Orchestras for All does invaluable work sharing the benefits of music with children who have often been shut out of creative opportunities. I am personally delighted to be working with them, and look forward to our partnership flourishing over the coming years.”
Alexandra Davison, who also co-leads Hakluyt’s work with the charity, commented: “The opportunities that Orchestras for All offers can be life-changing for young people. The myriad benefits of musical education to children’s development and educational attainment are well known, and Orchestras for All is an organisation with a proven track record of widening access to music for the children who need it most.”
Nick Thorne, Executive Director of Orchestras for All, added: “We are delighted to have formalised our partnership with Hakluyt, and are incredibly grateful for the support they provide. This relationship is one of our most significant corporate partnerships to date, offering both financial support and advisory services.
“The funding Hakluyt have provided will not only help OFA continue providing its life-changing musical programmes, but also enable our participation in the Big Give Christmas Challenge 2024. Through this campaign, OFA aims to raise vital funds to ensure that more young people can access inclusive and transformative music-making opportunities.”
Notes to Editors
Hakluyt is a strategic advisory firm that works with corporate leaders and investors around the world on their most important commercial issues. For more information on the firm, please visit www.hakluytandco.com
Orchestras for All (OFA) is an Arts Council National Portfolio Organisation that breaks down barriers to give all young people the life-changing experience of making music together, regardless of the daily challenges they might be facing. Its inclusive, non-auditioned National Orchestra for All (NOFA) brings together 100 young musicians from across the UK who would otherwise be unable to access musical opportunities – whether due to physical disability, a mental health condition, economic deprivation, or rural isolation.
View original content:https://www.prnewswire.co.uk/news-releases/hakluyt-announces-new-partnership-with-orchestras-for-all-302316677.html
Fintech PR
MarketsandMarkets appoints Nirmal Shani as Managing Partner in Dubai, in line with IPO plans
DELRAY BEACH, Fla., Nov. 26, 2024 /PRNewswire/ — MarketsandMarkets, the only Indian-origin startup to feature in the Forbes list of ‘America’s Best Management Consulting Firms 2023’, has appointed Nirmal Ramesh Shani as Managing Partner.
Nirmal joins MarketsandMarkets from S&P Global to lead its real-time megatrend disruption impact platform for the global energy sector. He has over 23 years of experience with IHS Markit, Dun & Bradstreet, and Times of India. During his formative years, he supported his family business, exporting Indian handicrafts to Japan and USA.
Sandeep Sugla, Founder and CEO of MarketsandMarkets, said: “It’s my pleasure to welcome Nirmal to MarketsandMarkets. His leadership further strengthens our ability to address customer needs at a time when the global energy, power, chemical, material, and industrial sectors are undergoing unprecedented transformations. We estimate approximately USD 25 trillion emerging from new revenue sources by 2030 as megatrends like AI, clean tech, blockchain, IoT, etc., disrupt current revenue streams of customers and the customer’s customers.”
Milan Rao, COO and CRO of MarketsandMarkets, said, “Nirmal joins a growing list of global leaders who are committed to taking our AI-enabled platform, KnowledgeStore, and our cutting-edge growth and disruption consulting capabilities to over 13,000 clients globally. His knowledge and expertise will add significantly to our presence in the energy and ESG sectors worldwide.”
Nirmal is passionate about energy and sustainability; in his most recent role at S&P Global, he helped create landmark platforms — such as the CERAWeek Asia Pacific Energy Forum in Houston, the India Energy Forum in New Delhi, the partnership with PETRONAS for Energy Asia in Kuala Lumpur, and with Japan’s Ministry of Economy, Trade and Industry (METI) for the Asia Green Growth Partnership Ministerial Meeting (AGGPM) — to elevate the Voice of Asia within the global energy system towards an ‘Equitable Energy Transition for All’.
On his appointment, Nirmal said: “MarketsandMarkets helps progress my mission to the next level. I haven’t seen any other platform in the world that provides such a telescope for global energy, chemical, and industrial leaders to analyze the impact of disruptive shifts in real-time and in an interconnected way. The proprietary tools combined with exclusive on-demand access to research, and a dedicated growth program manager ensures our clients avoid missing blind spots and gain early mover advantages.”
Nirmal is an alum of Narsee Monjee College and Welingkar Institute of Management. He serves on the Board of Advisors/Governing Council of Umang Foundation, a non-profit organization with whom he has been associated since 2009. His philanthropic initiatives focus on education and health-related issues in rural India.
About MarketsandMarketsTM
MarketsandMarkets™, recently featured on the Forbes list of America’s Best Management Consulting Firms, is a blue ocean alternative in growth consulting and program management with the widest lens on emerging technologies, leveraged through a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. The B2B economy is witnessing the emergence of USD 25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. MarketsandMarkets™ works with several Forbes Global 2000 B2B companies, helping them monetize this USD 25 trillion opportunity—through TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing—and stay relevant in a disruptive ecosystem. MarketsandMarkets’ cutting-edge AI-powered KnowledgeStore™ platform (Market Intelligence Cloud) integrates research and facilitates analyses of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To learn more, visit www.MarketsandMarkets.com or follow us on Twitter, LinkedIn, and Facebook.
Media inquiries:
Mr. Rohan Salgarkar
USA: +1-888-600-6441
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View original content:https://www.prnewswire.co.uk/news-releases/marketsandmarkets-appoints-nirmal-shani-as-managing-partner-in-dubai-in-line-with-ipo-plans-302316430.html
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