In today’s dynamic business environment, managing financial operations efficiently while mitigating risks is a top priority. Outsourcing to invoice factoring companies and specialty finance providers offers businesses a competitive edge by enhancing fraud prevention, improving productivity, and streamlining critical processes such as call center operations, verification, and data processing.
Finance
Compliance with U.S. import and export regulations has never been more critical—or more costly. Over the past six months, the number of penalties issued by the U.S. Department of Commerce for trade violations has surged, with fines set to increase further.
Among the penalties being raised are those related to the import and export of seafood and wildlife, foreign trade zones, and violations of the 2018 Export Controls Act. While individual fine increases may seem minor—rising by a few hundred dollars per violation—the overall trend signals stricter enforcement and a growing financial risk for businesses engaged in international trade.
Business banking is often described as the backbone of financial services for small and mid-sized businesses. Yet, despite its importance, it consistently underperforms in customer loyalty. According to Secured Research, business banking has the lowest Net Promoter Score (NPS) among B2B financial services, lagging behind even insurance and tax services.
Factoring has long been associated with manufacturing, trucking, and wholesale distribution. However, commercial finance brokers are breaking new ground by introducing factoring to industries that historically underutilized it. By educating business owners, addressing misconceptions, and tailoring solutions, brokers are unlocking fresh opportunities. Here, we explore three real-world case studies where factoring transformed businesses across unexpected sectors.
Factoring services, a critical financial tool for businesses worldwide, are undergoing unprecedented growth. Recent findings by Allied Market Research project the global factoring services market to soar from $3.27 trillion in 2021 to a staggering $5.87 trillion by 2031, growing at a compound annual growth rate (CAGR) of 6.1%. This surge highlights the increasing reliance of businesses, especially small and medium enterprises (SMEs), on factoring to unlock liquidity and sustain growth in a competitive global economy.
In today’s digital world, financial institutions are increasingly monetizing personal data, leaving consumers exposed to potential risks due to loopholes in state and federal privacy laws. A new report from the Consumer Financial Protection Bureau (CFPB) reveals significant gaps in the protection of consumer financial data, highlighting the pressing need for stronger safeguards.
The financial services industry is at a technological crossroads, and the integration of generative artificial intelligence (AI) with robotic process automation (RPA) is reshaping its landscape. This synergy offers a transformative solution to enhance operational efficiency, foster innovation, and deliver exceptional customer experiences.
In a groundbreaking move to enhance consumer protection in the digital payments space, the Consumer Financial Protection Bureau (CFPB) has finalized a rule to supervise major nonbank companies offering popular digital payment and wallet apps. This decision targets firms processing over 50 million transactions annually, marking a significant step toward ensuring Big Tech adheres to the same federal laws governing banks and credit unions.