Workshop on supply chain finance and factoring taking placeSociety
Ulaanbaatar /MONTSAME/ The Financial Regulatory Committee (FRC) in collaboration with the International Finance Corporation (IFC) is organizing a workshop for non-banking financial institutions on supply chain finance and factoring on January 14-15.
Today’s event brought together employees from 80 non-banking financial institutions some of which have a factoring license and relevant officials of FRC.
Moreover, Jinchang Lai, Lead Financial Sector Specialist and Lead for Financial Infrastructure, Finance & Markets, East Asia & Pacific, IFC, World Bank Group and LIN Hui. Regional Director for North East Asia, Factors Chain International shared best practices and knowledge at the workshop.
Factoring gives institutions an opportunity to provide low-risk financial services to their customers and increase their profit and enhances solvency and provision of goods and services of small and medium enterprises.