| Established in 1968 as the umbrella organisation for factoring companies around the world, Factors Chain International (FCI) has grown to become the world's largest factoring network.
When FCI was founded, domestic factoring services were available only in North America and in a few European countries. The concept of international or cross border factoring was still new and restricted in scope by its lack of geographic coverage. The founding members of FCI saw the potential for international factoring, but realised that their umbrella organisation was needed for two reasons:
- To introduce factoring into countries where it was not yet available
- To develop a framework for members to work within together.
The FCI concept is built around local expertise and flexibility of approach. Each country operates in its own way, being sensitive to local customs and culture adding a unique dimension to cross border factoring. It is important to consider that each member operates a standard communication system and agrees to work within a global code of conduct.
Since it's inception the membership of FCI has grown dramatically to more than 150 members in over 50 countries. Each new member that joins will have met strict criteria in terms of financial strength and commitment to high standards of service.
Ekspo Faktoring A.Ş. is an FCI member.
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