Welcome to May's issue of Credit Management News Digest, our new sister newsletter to Credit Insurance News Digest. This issue is sponsored by Tinubu Square

UK Economy
Over half of UK SMEs predict a recession in 2019. According to the latest SME Confidence Tracker from Bibby Financial Services (BFS), 57% of UK SMEs believe the UK economy will fall into recession this year. BFS also found that confidence among SMEs has declined by 5.6 points year-on-year, with UK businesses experiencing their least confident start to a new year since 2014. BFS notes that UK SMEs are calling for further support from the Government to help them through Brexit; 68% would like the Government to introduce tax breaks for businesses, 65% want lower business rates, and 50% think the Government should ensure that tariffs on goods to the EU are avoided. To read BFS's news release go to https://www.bibbyfinancialservices.com/about-us/news-and-insights/news/2019/smes-predict-brexit-recession.
The UK's better than expected Q1 GDP is due to stockpiling and will be short-term. The Bank of England (BoE) has reported that GDP is expected to have grown by 0.5% in Q1 2019, in part driven by a larger-than-expected boost from companies building stocks ahead of recent Brexit deadlines. Although the underlying pace of GDP growth appears to be slightly stronger than previously anticipated, BoE notes that it is still below potential and the current boost is expected to be temporary, with quarterly growth expected to slow to around 0.2% in Q2. According to the BoE, the current subdued pace of UK GDP growth reflects the impact of the slowdown in global growth and ongoing Brexit uncertainties - the latter of which is having a particularly pronounced impact on business investment. To read the BoE's news release go to https://www.bankofengland.co.uk/monetary-policy-summary-and-minutes/2019/may-2019.
Latest prospects for the UK Economy with a 'soft' Brexit. The National Institute for Economic and Social Research (NIESR) has reported its latest main-case forecast, which suggests, based on a ‘soft’ Brexit and continuing uncertainty, that the UK will see GDP growth of around 1.5% this year and 2020. NIESR reports that the near-term outlook is consistent with a range of alternative Brexit outcomes, provided a transition period guarantees frictionless access to the EU single market and customs union. Beyond that, the outlook depends on the extent of trade barriers between the UK and EU. NIESR notes that GDP would be broadly the same under continued EU membership as in its main forecast based on a ‘soft’ Brexit, though the costs of the uncertainty already incurred would not be recouped. GDP in the long term would be 3.1% lower than under continued EU membership in a Customs Union scenario, and 5.4% lower in an ‘orderly’ no-deal scenario.  To read NIESR's press release with a link to the full report go to https://www.niesr.ac.uk/media/press-release-prospects-uk-economy-13723.
UK economic forecast predicts GDP growth of 1.3% in 2019. The latest EY ITEM Club forecast has cut its GDP growth projections to 1.3% for 2019 (from 1.5% in the EY ITEM Club Winter Forecast) and 1.5% for 2020 (down from 1.7%). The forecast warns that despite likely solid-looking GDP growth in the first quarter of 2019, the downward revision for 2019 primarily reflects the prolonged Brexit uncertainty, following the decision to delay the UK’s exit from the EU to a flexible 31 October deadline. A weaker global economic environment has also impacted the UK’s growth outlook. To register to listen to Howard Archer, Chief Economic Advisor to the EY ITEM Club, discuss the Forecast findings or to read EY's forecast go to https://www.ey.com/uk/en/issues/business-environment/financial-markets-and-economy/item---forecast-headlines-and-projections.
Long-term Brexit concerns reach an all-time high. 81% of UK CFOs say they expect the long-term business environment to be worse as a result of the UK leaving the EU, according to Deloitte’s latest CFO Survey. This is the highest level since the EU referendum in 2016. The survey shows that pessimism about the short-term effects of Brexit remains elevated, with 49% of CFOs expecting to reduce their own capital expenditure and 22% cutting M&A as a consequence of Brexit. Around half (53%) of CFOs also expect to reduce hiring due to Brexit – the highest level in more than two years. To read Deloitte's news release go to https://www2.deloitte.com/uk/en/pages/press-releases/articles/deloitte-cfo-survey-long-term-brexit-concerns-reach-all-time-high.html.
UK Late Payment
Seventeen businesses have been removed or suspended from the Prompt Payment Code for failing to pay their suppliers on time. The Chartered Institute of Credit Management (CICM) has announced that it has taken recent action on companies who fail to meet the standard of the Prompt Payment Code (PPC). In total, seventeen companies were removed or suspended from the Code during the past quarter: five companies for non-compliance and not providing a plan for how they will meet the terms, and a further twelve businesses who have now committed to making changes to meet the standards of the Code and pay suppliers promptly. All have been 'named and shamed'. To read CICM's news release go to https://www.cicm.com/quarterly-update-17-businesses-removed-suspended-prompt-payment-code-failing-pay-suppliers-time/.
Holland & Barrett is accused of treating suppliers poorly. Retail Gazette has reported that Holland & Barrett has been accused of having “a purposeful culture of poor payment practices”, in an assessment by the small business commissioner Paul Uppal. Mr Uppal noted that Holland & Barrett took an average of 68 days to pay its invoices and that 60% were not paid within agreed terms. “Holland & Barrett’s refusal to cooperate with my investigation, as well as their published poor payment practices, says to me that this is a company that doesn’t care about its suppliers or take prompt payment seriously,” Mr Uppal commented. To read Retail Gazette's article go to https://www.retailgazette.co.uk/blog/2019/04/holland-barrett-accused-treating-suppliers-poorly/.
UK contractors told to pay invoices faster or get barred from government work. In a letter seen by Building, Interserve, Kier and Balfour Beatty are among 10,000 or so government suppliers which have been warned by Cabinet Officer Oliver Dowden that they must pay 95% of invoices on private sector jobs within 60 days or risk being prevented from winning public contracts. The letters follow chancellor Philip Hammond’s suggestion last month that the government was ready to take late payment more seriously. To read Building's article go to https://www.building.co.uk/news/contractors-told-to-pay-invoices-faster-or-get-barred-from-government-work/5098833.article.
UK Business Distress and Insolvency
16% of all UK businesses were experiencing ‘significant’ financial distress at the end of March 2019. The Red Flag Alert data for Q1 2019, which monitors the financial health of UK companies, found that 16% of all UK businesses were experiencing ‘significant’ financial distress at the end of March 2019, while the number of businesses in 'critical' distress during the same period – often a precursor to formal insolvency – rose by 17% year-on-year. For the second quarter running, the hardest hit sector was property - which saw a 13% year-on-year increase in the number of companies in 'significant' financial distress rising to 48,182 (Q1 2019) from 42,512 (Q1 2018). Construction, often considered the bellwether of the UK economy, followed in second place, with 10% more companies involved in the development of building projects in 'significant' financial distress. To read Begbies Traynor's news release go to https://www.begbies-traynorgroup.com/news/business-health-statistics/484000-businesses-in-significant-financial-distress-as-uk-economic-uncertainty-grows.
UK Q1 insolvencies reach their highest levels since 2014. New data from the Insolvency Service has found that the number of UK businesses that became insolvent in the first three months of 2019 rose by 6.3% compared to the previous quarter and by 5.1% compared with the start of last year. Federation of Small Businesses (FSB) National Chairman Mike Cherry noted that both the total number of new company insolvencies as well as underlying total insolvencies have reached their highest levels since 2014, with the construction sector, which is notoriously dogged by late payments, experiencing the highest level of insolvencies - up 0.6% from the 12 months ending Q4 2018. To read the FSB's news release go to https://www.fsb.org.uk/media-centre/press-releases/business-woes-continue-as-insolvencies-rise-yet-again.
Scottish corporate insolvencies jumped by 34% in Q1 2019. Latest data indicates that the number of corporate insolvencies in Scotland rose by 34% in January-March 2019 compared with the previous quarter (October-December 2018), and rose by 8% compared with the same quarter in 2018. Duncan Swift, Vice President of R3, commented: “The jump in the number of corporate insolvencies in Scotland in the last quarter continues a long-standing trend, and indicates that many companies are finding market conditions tough at the moment." He continued: "Although GDP growth in Scotland in the final quarter of 2018 outpaced the UK as a whole, its expansion rate of 0.3% is still relatively sluggish, and masks a fall in the production sector’s output of 0.9% over the same period." To read R3's news release go to https://www.r3.org.uk/index.cfm?page=1114&element=33611&refpage=1008.
Trade credit risk is on the increase across all sectors in the UK.  Figures released in April by InfolinkGazette, revealed 76 London Stock Exchange Profit Warnings during Q1 2019, a 13% increase on the number of profit warnings in the final quarter of 2018. UK businesses in all sectors of the economy issued profit warnings, with a small majority in the retail sector including Debenhams and Bonmarché - both of whom issued profit warnings for for the third time, Footasylum - with a second profit warning, as well as Next, Halfords, QUIZ, Patisserie Holdings (now in Administration), Laura Ashley and Kingfisher. In addition, InfolinkGazette research also revealed that between January 2018 and January 2019 Corporation Tax debt increased by 22% to almost £2.4 billion. To read InfolinkGazette's latest research go to https://www.infolinkgazette.com/?pid=6.
UK Exports and Trade
Update on UK exports shows that goods exports have increased by 31.3% since 2010. New data published by the Department for International Trade indicates that the UK's top five goods exports in 2018 were: cars, medicinal and pharmaceutical products, mechanical power generators, crude oil and aircraft. The UK's top trading partners were the US (15.7%), Germany (10.4%), Netherlands (7.6%), France (7%) and Ireland (6.3%). The total value of exported goods reached £350,651 million (representing 55.3% of total UK exports), with 49.1% of goods exports going to the EU and 50.9% to non-EU counties. The data also indicates that goods exports increased by 3.5% in 2018, compared to 2017, and that since 2010, goods exports have increased by 31.3%. For full details go to https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/798525/Trade_and_Investment_Core_Statistics_Book_1May2019.pdf.
Licensed under the terms of Open Government. Licence v3.0.
UK drinks industry helps drive up British exports. Gov.uk has reported that latest figures show that UK exports of beverages, which includes world-renowned British gin and Scotch whisky, reached a high of £8.3 billion in the year to February 2019 - increasing by 7% on the previous year. The unprecedented demand for British soft drinks, wine and spirits have seen exports more than double in the past 15 years. Non-EU countries were the top destination for British beverages, accounting for 63.4% of all exports. The US remains the top destination, growing by 3.9% to £1.8 billion. To read Gov.uk's news release go to https://www.gov.uk/government/news/uk-drinks-industry-helps-drive-up-british-exports.
UK Trade Sectors
UK High Street exits remain at a historic high as openings slump to their lowest levels on record. According to PwC research compiled by the Local Data Company, a record net 2,481 stores disappeared from Great Britain’s top 500 high streets in 2018 while the number of store openings by multiple retailers dropped by 17.4% year on year. The research also noted that the current rate of openings of nine stores per day represents a 44% decrease from the 16 stores per day opening in 2013 and that the shortfall between openings and closures reached its highest level since the beginning of the decade. The top 10 declining business types were dominated by retailers and service businesses most impacted by the shift to online. These include fashion and electrical retailers as well as banks, estate agents and recruitment agencies. To read PwC's news release go to https://www.pwc.co.uk/press-room/press-releases/High-street-exits-remain-at-historic-high-as-openings-slump-to-lowest-levels-on-record.html.
UK retail sales get a spring in their step. New data from the CBI indicates UK sales volumes rose for the first time in five months, likely supported by the later timing of Easter this year. Orders placed on suppliers also grew and are expected to pick up further in the month ahead. The picture for sub-sectors within retailing was mixed. Grocers and other normal goods (e.g. jewellery, flowers) were the two primary drivers. In contrast, although grocers returned to growth this month after seeing broadly flat sales in March, the rise in volumes was still below the long-run average. Furthermore, other sectors fared worse, with sales falling notably in clothing and department stores. To read the CBI's news release go to https://www.cbi.org.uk/media-centre/articles/retail-sales-get-a-spring-in-their-step/.
Spring has sprung for UK retailers - except department stores. Wilkins Kennedy has noted that although latest findings from the Office for National Statistics (ONS) indicate that the UK’s retail sector experienced year-on-year growth of 6.7% in March, department stores saw a fall of 0.3%. Phil Mullis, Partner and Head of Retail and Wholesale at Wilkins Kennedy, commented: "Food stores contributed a significant chunk of this growth thanks, in part, to Mother’s Day (and food inflation), but on the flip side, people still aren’t going for big-ticket items, which is driving the downfall at some household goods and department stores." To read Wilkins Kennedy's new release go to https://www.wilkinskennedy.com/news/spring-has-sprung-uk-retailers/.
Record stockpiling by UK SME manufacturers in the last quarter. According to the latest quarterly CBI SME Trends Survey, stockpiling of raw materials and finished goods were at record highs among SME manufacturers in the three months to April. The survey showed that manufacturers raised stocks of raw materials (up 33%) and finished goods (up 18%) at the fastest rates in the survey’s history. Stocks of work in progress were also raised significantly. Alpesh Paleja, CBI Principal Economist, said: “SME manufacturers ramped up stockpiling over the last quarter in the face of Westminster deadlock. Against the backdrop of fairly tepid growth, this would have been a big drag on the resources of smaller manufacturers." To read the CBI's news release go to https://www.cbi.org.uk/media-centre/articles/record-stockpiling-by-sme-manufacturers-in-last-quarter-2/.
Cyber Crime and Fraud
More than three out of five firms have reported one or more cyber attacks in the past year. The Hiscox Cyber Readiness Report for 2019 (which surveyed organisations in the US, UK, Belgium, France, Germany, Spain and the Netherlands) has found 61% have experienced a cyber incident in the past year - an increase from 45% in the 2018 report. Belgian firms were the most heavily targeted. The report also found that supply chain incidents are now commonplace, with 65% of firms reporting that they have seen cyber-related issues in their supply chain in the past year. Worst affected are technology, media and telecoms (TMT) and transport firms. The majority of firms (54%) now evaluate the security of their supply chains at least once a quarter or on an ad hoc basis. To read Hiscox's news release go to https://www.hiscoxgroup.com/news/press-releases/2019/23-04-19.
If the global cost of fraud were a country’s GDP, it would be the fourth largest economy. CICM has published a guest blog by Craig Evans, Head of Commercial at Graydon UK, 'Fraud? What fraud?', which reports that figures from Crowe’s Financial Cost of Fraud 2018 suggest that if the global cost of fraud – £3.2 trillion – were a country’s GDP then it would be the fourth largest economy, ahead of Germany and behind Japan. Furthermore, reported fraud is only one-fifth of the estimated total because, as Craig notes, many organisations are in denial about the problem. "Either that or they’re fully aware but prefer to pretend it’s not happening, most likely for reputational reasons." To read CICM's blog go to https://www.cicm.com/ceoblog/fraud-fraud-guest-blog-craig-evans-head-commercial-graydon-uk/.
News for Credit Managers
Extra £200 million funding for innovative British business. The Exchequer Secretary, Robert Jenrick, has announced that new funding of £200 million will be made available to innovative businesses through funds supported by the British Business Bank. He said ministers were determined to make the UK the best place in the world to start and grow a business. This type of funding has traditionally been sought by fast-growing firms in the science and technology sectors, with recent beneficiaries including artificial intelligence firm, Quantexa, and technology company, Improbable Worlds Limited. To read Gov.uk's news release go to https://www.gov.uk/government/news/extra-200-million-backing-for-british-business.
Avoiding trial: how a summary judgment could simplify late payment claims. A new blog by Lovetts advises that although a letter before action secures late payment in 86% of cases, where stronger legal action is needed, your business has a strong case and/or the Defence is particularly weak, summary judgment is a quicker and often less expensive way of dealing with a late payment claim without the need to go to trial and incurring associated costs. Lovetts notes that for an application for summary judgment to be successful, the Court must be persuaded that the Defendant has no real prospect of successfully defending the claim and that there is no other reason why the case should be disposed of at trial. To read Lovetts' blog go to https://www.lovetts.co.uk/blog/avoiding-trial-how-a-summary-judgement-could-simplify-your-late-payment-claim.
Changing your company registration if the UK leaves the EU without a deal. Companies House has issued some detailed advice to help UK businesses learn if they will need to change their company registration if the UK leaves the EU without a deal, and how to do this. For more information go to https://www.gov.uk/guidance/changing-your-company-registration-if-the-uk-leaves-the-eu-without-a-deal.
May's Quiz 
We are delighted to launch May's News Quiz.
Just nine short questions (most answers can be found in this issue and Credit Insurance News Digest), with the chance to win a £20 Amazon gift card or equivalent donation to the charity of your choice.
We will announce our next winner in the next issue on 12 June.
Click here to take part.

Thank you to readers who took part in April's Quiz. We are delighted to say that the prize went to Conor Mainwaring of Financial and Credit Insurance Services Ltd.
Events & Offers
GTR UK 2019, 8 May 2019. London.
With negotiations between the United Kingdom and the European Union set to conclude in March 2019, GTR UK 2019 provides one of the earliest opportunities for the UK business community to convene and discuss the country’s post-Brexit trade strategy, taking place in London on May 8, 2019.
Enjoying unrivalled support from the UK’s primary trade bodies and leading export-focused institutions and having welcomed around 500 delegates gathered across leading industries in 2018, the event provides a crucial forum for domestic exporters, financiers and trade specialists to network, discuss and debate.
Join GTR and over 50 speakers as we explore the future of UK trade and exports, examining the trading opportunities within and beyond Europe and the implications of this new economic landscape for businesses.
Last year, 54% of attendees were corporates & traders and 14% were bankers & financiers representing over 250 different companies from around the world. 84% of all attendees held a senior to a c-level position.
10% early booking discount available until April 5 when booking online with code: EBD10. Click here for more information.
GTR East Africa 2019, 21-22 May 2019, Nairobi.
For over a decade, the GTR East Africa conference has brought together leading commodity producers and traders, manufacturers, trade finance specialists, risk management experts, and trade tech innovators, providing unrivalled insight on operating in this exciting region.
Returning to Nairobi for 2019, a comprehensive two day agenda will provide a comprehensive view of the East African trade landscape, featuring in-depth analysis of geopolitical and macroeconomic trends, regulatory and finance sector developments, and the trade financing and risk mitigation techniques being utilised throughout key regional value chains, from agribusiness to oil and gas and value-add manufacturing sectors.
With over 170 different companies represented at 2018’s event including 50% corporate sector representatives, the GTR East Africa conference is established as the region’s leading gathering for all those seeking to build crucial contacts and gain the inside track on doing business across the region. 
10% early booking discount available until April 26 when booking online with code: EBD10. Click here for more information.
BCR’s Consortia 2019. Blockchain for Trade and Receivables Finance, 21-22 May 2019. London. 
BCR’s Consortia 2019 is the first international conference to raise the profile of consortiums who are pioneering blockchain and distributed ledger technology (DLT) for trade finance to the business and financial community. 
Consortia will provide a forum for the consortiums and their prospective partners and other interested parties to showcase and evaluate their development and the future. The event will provide opportunity for discussion on how blockchain and DLT are impacting trade finance and the business opportunities these new technologies offer to banks, funders, SMEs, government bodies, trade bodies and corporates etc. 
With case studies of live transactions, examples of POCs and insights from the leading consortiums, this is not an event to be missed. 
As event partners, Credit Insurance News can offer their members a 10% discount on a delegate pass rate. To register please follow this link www.consortia2019.com The Credit Insurance News delegate discount code is CIN19– please utilise the code upon booking.
Alternatively you can contact yongmei.he@bcrpub.com quoting your discount code for payment via invoice.
TXF Global 2019: Export, Agency & Project Finance 12, 13 & 14 June, Grand Hyatt Berlin.
This 12, 13 & 14 June we bring your flagship export, agency & project finance show to Berlin! If you only attend one event of the year in this industry, TXF Global is ‘the one’. Join the gig and throw yourself into deal heaven with the CEOs of Corporates, ECAs, DFIs, SOEs and government ministers. 
3 days of epic headline acts, intimate networking, inspiring content and innovative session types await anyone brave enough to get themselves a ticket. 
Keynote speakers include:
  • Prof. Dieter Kempf, President, FEDERATION OF GERMAN INDUSTRIES
  • Dr. Christoph Herfarth, Head of Export Finance and Export Credit, Guarantee Department, GERMAN FEDERAL MINISTRY FOR ECONOMIC AFFAIRS AND ENERGY
  • Anna-Karin Jatko, Director General, EKN - THE SWEDISH EXPORT CREDIT AGENCY
  • Gabriel Cumenge, Deputy Assistant Secretary, MINISTRY OF FINANCE OF FRANCE - DG TRÉSOR
  • Jose Pedro Freitas, CFO, MOTA-ENGIL GROUP
  • Debora Revoltella, Chief Economist, EUROPEAN INVESTMENT BANK 
Visit the website for the full speakers list and agenda. To secure your ticket please book online here .
GTR US 2019, 13 June 2019. Chicago.
The GTR US conference is set to return to Chicago for its third consecutive year on June 13, 2019.
With the US midterm elections taking place in November 2018 amidst ongoing global geopolitical volatility and technological disruption across the trade sector, the strategic challenges surrounding trade financing, working capital optimization, and credit risk management remain a firm fixture on the boardroom agenda. A rapidly evolving market offering competing digital solutions across physical trade flows and the associated financing sectors only adds to the complexity faced by those tasked with financing US commerce.
Featuring a host of expert speakers, GTR US 2019 provides the latest business intelligence required to navigate trade-related risks, and the practical know-how enabling corporate treasurers, financiers and trade credit managers to form a resilient, bottom line-boosting business strategy.
An in-depth, interactive agenda spanning business-critical insights from geopolitical risks to the latest financing trends, liquidity sources and tech innovations in the trade space will furnish attendees with a comprehensive view of the key commercial trends emerging in 2019. 2018’s meeting saw record attendance from across the trade sector, welcoming companies including Microsoft, Mars Inc, Caterpillar, Motorola, Bunge, Siemens, Olam, Samsung, BP, Louis Dreyfus Commodities and IBM, as well as leading trade and supply chain financing practitioners, credit risk mitigation experts, government bodies and those tech companies leading the disruption of trade.
With a keen focus on networking, GTR US 2019 will once again provide the ideal forum for US companies and financial service providers to meet and discuss the next steps for US trade, and the evolution of the trade finance space.
Last year, 26% of attendees were corporates & traders and 24% were bankers & financiers representing over 100 different companies. 91% of all attendees held a senior to a c-level position.
Companies that attended last year included ArcelorMittal, BP, Caterpillar, Louis Dreyfus Commodities, Mars Inc., Microsoft Corporation, Plexus Corp, and more. View the full list of companies that attended last year’s event here.
10% early booking discount available when booking online by May 17 with code: EBD10. Click here for more information.
GTR Asia 2019, 3-6 September 2019, Singapore.
GTR Asia 2019 (formerly known as Asia Trade & Treasury Week) will return to Singapore September 3-6, 2019. Recognised as the world’s largest international gathering for the trade, commodity, fintech and treasury community, GTR’s annual event in Singapore last year welcomed a record-breaking total of over 1,100 industry participants from local and international banks to multinational corporations and SMEs, independent financiers, commodity brokers and traders, insurers and risk managers, lawyers, consultants, ECAs and multilaterals and more!
2019’s event is set to be even bigger and better! Participants will have the chance to hear over 100 of the world’s leading trade, treasury and fintech experts reflecting on developments in the Asian market and more globally, whilst also having the chance to network and discuss trade priorities with over 500 different companies.
Delegates will also benefit from the use of multiple streams with coverage at the event focused on a range of topics and markets, whilst a variety of formats (breakouts, workshops, debates, formal launches, speed-networking) will provide excellent opportunities for engagement and knowledge sharing.
With the event once again enjoying unrivalled support from local government organisations and public bodies including the Monetary Authority of Singapore (MAS) and Enterprise Singapore, as well as the world’s leading financial institutions, attendees will receive critical market insight, build business relationships and gain the inside track on the latest financing trends and techniques.
Use code: EBD10 for 10% early booking discount – expires August 2. Click here for more information.
GTR Europe 2019, 14 October 2019, Paris.
GTR Europe 2019 returns to Paris to welcome regional trade experts from across the continent. A key market gathering for European trade and export finance business heads and key relationship builders, the event will further expand on GTR’s unrivalled reach across the regional and global trade finance market.
Expected to welcome over 250 delegates from 15 countries, the conference will deliver a well-rounded outlook on Europe’s economic growth, trade concerns and priorities for the future, allowing representatives to share their insights on the most current topics.
This one-day event features sessions addressed by and for corporates and is one not to be missed by those looking to build trade relations across a range of exciting markets! 
Last year, the two largest sectors in attendance were corporates & traders (39%) and bankers & financiers (22%). Over 250 different companies from around the world were in attendance, 78% of all attendees held a senior to a c-level position. Use code: EBD10 for 10% early booking discount – expires September 20. Click here for more information.
About the Sponsor: Tinubu Square
Founded in 2000, Tinubu Square is a software vendor, enabler of the Credit Insurance, Surety and Trade Finance digital transformation.
Tinubu Square enables organizations across the world to significantly reduce their exposure to risk and their financial, operational and technical costs with best-in-class technology solutions and services.
Tinubu Square provides SaaS solutions and services to different businesses including credit insurers, receivables financing organizations and multinational corporations.
Tinubu Square has built an ecosystem of customers in over 20 countries worldwide and has a global presence with offices in Paris, London, New York, Montreal and Singapore.
Copyright ©2019 Credit Insurance News. All rights reserved.
All news stories on Credit Insurance News' website are included with the prior permission of the copyright holder. Reproduction or redistribution in whole or in part, in any manner, without the express prior written consent of the copyright holder, is a violation of copyright law. If you, or your organisation wish to redistribute, republish or link-to all or any part of any Credit Insurance News Digest, you must first contact the copyright holder direct or email sally.brown@creditinsurancenews.co.uk for further information.

Terms and Conditions                         Privacy and Cookie Policy                    © 2018 Credit Insurance News