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UniCredit’s Sebastian Hölker discusses the rise of fintech factoring platforms in Financial News

Sebastian HölkerThe emergence of new fintech companies poses a threat to the factoring business of traditional transaction banks, writes Liz Salecka in Financial News. These new competitors are enabling corporates to sell their invoices at the best price via fast and cost-effective platforms.

Among the experts interviewed for the piece was Sebastian Hölker, head of structuring and implementation of supply chain finance products at UniCredit, who notes that corporates see working with new market entrants as a way of diversifying their funding sources and lessening their dependency on banks.

However, progressive banks, such as UniCredit, are turning this threat into an opportunity – expanding their trade finance business by forming strategic partnerships with competitive non-bank finance providers.

To read the full article, please click here. Please note that the article lies behind a pay wall.

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