Latest opinions that Kevin Day has shared on Finextra

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Kevin Day

CEO

HPD Software

Member since

11 Dec 2018

Location

London

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Kevin's opinions

Digitalisation in lending – Realising potential in ABF

COVID-19 has catalysed the transition towards digitalization across many sectors, driving the digital agenda to increase efficiency, improve data quality and deliver improved customer experiences. At the same time, the pandemic has spurred an increase in borrowing from SMEs. UK firms borrowed more than £100bn last year throughout the pandemic and w...

28 June 2021 Fintech

How to prevent factoring and invoice finance fraud during the current COVID-19 crisis

In the current period of economic uncertainty, increasing pressure on businesses is making fraudulent activity an ever-present risk for lenders – a trend not only troubling for the affected company or companies, but also for the wider economy. In particular, corporate fraud has the potential to dissuade banks from lending - a dangerous outcome dur...

13 October 2020 /crime /covid-19 Banking Strategy, Digital and Transformation

Innovation in supply chain finance is vital during COVID-19

The impact of COVID-19 on our inter-connected economies and businesses has been significant, putting supply chains around the world under unprecedented pressure and severely disrupting global trade. Urgent support is being introduced around the world, and with banks and other lenders looking for ways to help, the importance of their trade finance o...

28 April 2020 /payments /covid-19 Fintech

Technology can help close the trillion dollar trade-finance gap - and help banks in the process

Trade finance has delivered value over centuries by making sure exporters are paid and importers actually receive the goods they need. It facilitates 80 per cent of merchandise trade flows annually. But there is a supply and demand trade-finance gap, with varying estimates of its size put forward by a range of financial institutions. The most rece...

11 November 2019

European ABF and Factoring: Why France and Germany are the markets to watch

Asset-based finance (ABF) globally is experiencing unprecedented growth. According to global factoring association FCI, last year the industry recorded high single-digit growth rates, with total ABF lending standing at close to US$3 trillion. While the US is the most mature market, Europe is increasingly emerging as a dominant force, accounting fo...

20 May 2019

The Collaboration Game

I was recently on a panel session at the RFIx Receivables Finance International Convention in London. We were discussing the future of receivable finance and, inevitably, conversation turned to the formation of various BlockChain consortia and the wider atmosphere of collaboration. A question from the audience challenging the reality of collaborat...

09 April 2019

Top tips for asset based finance lenders in minimising their risk

Like all areas of financial services, asset based lending and invoice factoring bring with them a raft of inherent risks that banks and providers must face and ensure are minimised to protect both themselves and their clients. The sheer range of risks is daunting, and the repercussions of poor of risk management can have potentially serious conseq...

12 March 2019

Top tips for financial institutions looking to address fraud in invoice financing

Despite new technologies and processes aiming to help root out fraudulent activity, fraud continues to be a major issue for the asset-based finance (ABF) industry. Only last year UK-based invoice financing platform Urica was forced out of business by a one-off event occurring in France. For any financial institution lending money against invoices...

29 January 2019 /security /payments