MIAMI , Aug. 7, 2024 /PRNewswire/ -- FCI has announced the signing of a Memorandum of Understanding (MOU) with the Financial & International Business Association (FIBA). This MOU establishes a framework for collaboration to enhance the accounts receivable financing industry across North, Central, South America , and the Caribbean .
The collaboration will focus on various areas of interest, determined through joint consultations. These efforts will leverage the strengths, competencies, and resources of both parties. Regular meetings will be held to discuss the joint initiatives, programmes, and projects, ensuring a well-coordinated approach to advancing the accounts receivable financing industry in these regions.
The fields of cooperation, aimed at benefiting members as well as the American markets, include: Education and Training : Development and implementation of education and training programs for legal and regulatory professionals. Advisory Support : Providing advisory support on legal and regulatory matters related to factoring and supply chain finance. Regulatory Assistance : Assisting in understanding and implementing the regulatory framework governing factoring.
Industry Standards : Promoting awareness and compliance with industry standards and best practices. Research Collaboration : Engaging in joint research initiatives in the field of factoring and supply chain finance. Awareness Initiatives : Raising awareness and knowledge about receivables financing and related.