RE: 9 days without an RNS??9 Sep 2021 14:15
Hi Lseking,
Seen your posts and your suggestions some of our funders could be HSBC or Lloyds. Interesting.
Came across this on the Barclays website while checking my online banking. Thought it was very interesting. They could definitely work with us at some point….you cannot help but think SYME as you read through this….if anything its shows that Banks are taking SME Finance seriously and will be itching to work with platforms such as ours.
https://www.barclayscorporate.com/insights/international-insights/supply-chain-finance/
"One of the big themes out of the crisis is the desire and the need to turn the attention and the focus to the SMEs in the supply chain. They're often seen as the engine room of growth and vital for both economies and supply chains"
The global need for liquidity over the last few months has played out across SCF platforms.
"A lot of suppliers have seen their sources of liquidity disappear, so access to a supply chain finance programme is growing increasingly critical to keep their daily operations running"
"Automated supplier on boarding tools are really critical to make it efficient to on board SME suppliers"
"At Barclays, our strategy is about offering clients increased choice. By utilising cloud based functionality, this platform will be able to offer a leading client user experience through easy access and real-time integration to essential information, combined with the latest trade solutions as the industry-wide shift to digitisation continues to accelerate"
As banks and providers facilitate this integration, their clients can take advantage of the additional merits of third-party platforms, such as access to an increasingly diversified funding mix. A relatively recent functionality offered by some third-party players, such as Demica, is the combination of SCF and dynamic discounting – two distinctly different solutions – by the same provider on the same platform.