Factors Chain International (FCI) and International Factors Group (IFG) announce potential union

21/07/2015 The boards of Factors Chain International (FCI) and International Factors Group (IFG) have put forward a proposal to set up a union between the two organisations. In so doing, it is expected that such a union would represent the benefits and opportunities of the global factoring industry more effectively. The members of FCI have already voted in favour. The members of IFG will vote at its annual meeting in Vienna in October. If agreement is reached, work on bringing the two organisations together will commence with a view to completion in 2016. FCI has over 275 members in 73 countries, and is the world's largest factoring network, with member transactions representing nearly 90% of the world's international correspondent factoring volume. IFG currently has around 160 members represented in 60 countries.    

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