In early May, the International Factoring Association once again hosted the largest annual conference dedicated to the factoring and commercial lending industry. Tradewind Finance, a years-long member of the IFA, attended the event in Boston with over 700 attendees from factoring institutions, commercial lenders, PO funders, banks, insurers, and law firms.
This event serves as a space for players to connect, share experiences, and explore opportunities for collaboration. With its international factoring services, Tradewind stood out among receivables financing companies.
Tradewind representatives discussed the possibility of partnering with providers, such as domestic factors, to support businesses seeking cross-border financing. The company also met with banks, for whose clients it can structure financing solutions on foreign receivables.
Along with networking sessions, the conference also featured panel discussions addressing economic trends, global trade, legal issues within the industry, and technological advancements, including Fintech. It covered what has been happening in the lending world and what the future holds.
“We value the relationship with the factoring community and see our mutual partnerships as a means to provide working capital to a broader spectrum of businesses. Tradewind Finance is well positioned to provide trade financing to organizations involved in international trade,” said René Pastor, President, Global Commercial and CEO of Americas at Tradewind Finance.
As a result of the pandemic-affected environment that characterized the past few years, many lessons were shared among the lending community, which faced many common challenges. In addition to learning with an open ear, the event strengthened existing relationships in the industry, and helped to build new ones.