In these early months of 2016, Alvantia has participated in several international events related to Asset-based Lending, or ABL, the generic name to given to group Factoring and Confirming ® financial products.
At these events, Alvantia positioned itself prominently in the European market as an IT provider thanks to its extensive product knowledge and its high technological level.
The first of these events was the Supply Chain Finance Summit held on 28 and 29 January in Frankfurt, the European finance capital and home to the European Central Bank. Supply Chain Finance is the international name for those products related to Supplier Payment, known in Spain as Confirming.
Various international experts, mainly German and English, working in this field participated in the event and reviewed in-depth all aspects of the product from the viewpoints of financial institutions, their clients and service providers, both in technology and consulting. Specifically, several of the speakers placed particular emphasis on the relationship between billing platforms with Supply Chain Finance. These platforms, in addition to facilitating the integration between customers and suppliers, are the ideal place for financial institutions to offer their products to participants. It is clear that in being a restricted environment, trust among the participants is increased and the risk of fraud is reduced, which can increase the financeability opportunities of transactions.
On 8 and 9 March the Receivables Finance International event was held in Lisbon. In this instance, Alvantia attended the event as a gold sponsor with a strong presence in the event’s communications, as well as having a booth where the company presented itself to attendees.
The conference, also dominated by English-speaking participants, was very focused on the description of the phenomenon of FinTech and its intervention in the market for asset-based lending. All aspects of the business were also covered there: technological, commercial and legal, always with the dual vision of traditional business and new players.
Alvantia’s attendance at both events was a very rewarding experience, as we obtained a wealth of knowledge in various fields at each conference. We had the opportunity to listen to and discuss the product overview with leading international experts, leading us to acquire new ideas for the solutions developed by Alvantia. In short, new material for our expertise that drives us to continue creating innovative solutions that add value.
