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Thanks Neil Shonhard MonetaGo and Trade Finance Global (TFG) for the interview with Deepesh Patel during the FCI annual meeting in Seoul
Revisit one of the most-watched videos on Trade Finance Global (TFG) in 2024: FCI Regional Director Nassourou AMINOU and MonetaGo CEO Neil Shonhard speaking at the 56th FCI Annual Meeting held in Seoul, Korea, about collateral registries and the keys to factoring growth on the African continent. The African continent is one of the most intriguing regions for the factoring industry in 2024. According to the FCI Annual Review, while Africa only represented a 1.25% share of the global factoring volume in 2023, it experienced a 13.5% increase from the previous year. The continent is ready for even more growth, and there are reasons to be optimistic regarding the market. However, active participation and innovative solutions are required to create a robust factoring industry. “There is probably nowhere on Earth that has the potential for growth like the continent of Africa. Implementing technology would have a great deal of economic benefit here." - Neil Shonhard “It is very important to use those tools because we can gain a part of the market share with the technology. They can help us to see the growth of factoring and give more comfort to underwriters to give more cover on credit insurance.” - Nassourou Aminou Watch the video, free, via the link in comments below. #Africa #registry #creditinsurance #trade #globaltrade