The concept of international factoring was a totally new concept and restricted in scope by its lack of geographic coverage. The founding members of FCI saw its potential but realised that their umbrella organisation was needed for two reasons:

1. To introduce factoring in countries where it was not yet available.
2. To create a common working arrangement between members.

The FCI concept is built around local expertise and flexibility of approach. Each country operates in its own way and has its own business culture within its own legal framework. However, each member operates a standard communication system (EDI) and works with its partners according to a single procedural and legal code of conduct. FCI has over 150 members in 53 countries. Each new member must comply with strict criteria concerning their financial stability and their commitment to provide a high standard of service.

 

Link

• FCI