BNP Paribas, Europe's leading bank and key player in
international banking, announces its expanding partnership with
Lendscape to support its factoring operations across major European
markets.
LONDON, June 18,
2024 /PRNewswire/ -- Building on a successful and
proven partnership, BNP Paribas Factoring is set to
consolidate its pan-European and North African factoring operations
onto the Lendscape Receivables Finance platform. The move will
enable the Bank to optimise customer and employee experiences,
support its growth strategy and continue to deliver best-in-class
services, providing over €25 billion of funding to its 12,000 SME
and corporate clients across Western
Europe.
"With Lendscape at the core of our lending operations, our
clients across markets can be assured of receiving the best
possible customer experience and innovative, flexible funding
solutions that will meet their needs. We've built a strong
relationship with the Lendscape team; they have a successful track
record and we can trust their technology to offer the high level of
reliability and flexibility we require," remarks Lionel Joubaud,
Global Head of the Factoring Filière, BNP Paribas.
Lendscape CEO, Kevin Day,
comments, "BNP Paribas are focused on delivering industry-leading
funding experiences that support their clients' growth. The
Lendscape platform will give them the agility to offer tailored
financing solutions and a consistent experience across markets,
while reducing the complexity involved in managing multiple
systems. We're delighted to expand our relationship with BNP
Paribas and look forward to continuing to help them deliver truly
customer-first financing."
About Lendscape
Lendscape is the world's leading
technology provider for all forms of secured business finance.
With over 50 years of experience and in-depth industry
understanding, our dynamic team has designed, developed, and
delivered secured lending technology to over 40 markets and some of
the worlds' most prestigious banking and financial services
providers.
Lendscape supports a range of working capital and asset finance
solutions such as factoring, invoice discounting, supply chain
finance, asset-based lending as well as asset finance and many
other forms of specialist finance.
To learn more, visit www.lendscape.com.
About BNP Paribas
BNP Paribas is the European
Union's leading bank and key player in international banking. It
operates in 65 countries and has nearly 185,000 employees,
including more than 145,000 in Europe. The Group has key positions in its
three main fields of activity: Commercial, Personal Banking &
Services for the Group's commercial & personal banking and
several specialised businesses including BNP Paribas Personal
Finance and Arval; Investment & Protection Services for
savings, investment and protection solutions; and Corporate &
Institutional Banking, focused on corporate and institutional
clients. Based on its strong diversified and integrated model, the
Group helps all its clients (individuals, community associations,
entrepreneurs, SMEs, corporates and institutional clients) to
realise their projects through solutions spanning financing,
investment, savings and protection insurance. In Europe, BNP Paribas has four domestic
markets: Belgium, France, Italy
and Luxembourg. The Group is
rolling out its integrated commercial & personal banking model
across several Mediterranean countries, Turkey, and Eastern
Europe. As a key player in international banking, the Group
has leading platforms and business lines in Europe, a strong presence in the Americas as
well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented
a Corporate Social Responsibility approach in all its activities,
enabling it to contribute to the construction of a sustainable
future, while ensuring the Group's performance and stability.
About BNP Paribas Factoring
European market leader
with over 50 years of experience, BNP Paribas Factoring is one of
the three prominent pillars in the Bank's working capital
solutions, with Cash Management and Trade Finance. It is present in
12 countries, (with local footprint in 19
countries), with 1,300 experts servicing medium- and big-sized
companies, and its annual turnover acquired from clients exceeds
€220 bn. By responding to its clients' expectations for short-term
financing solutions, BNP Paribas Factoring supports their growth
strategies while leveraging the Bank's extensive global network.
BNP Paribas Factoring's capacity to accompany its clients locally
and across Europe and offer
sustainable factoring solutions is unique in the market.
Contact:
Iain Gomersall
iain.gomersall@lendscape.com
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