Training Session 2 - Supply Chain Finance Innovation
02 March 2021
Time:toEDT ( GMT)
8 : 00
9 : 30
Supply Chain Finance (SCF) is an effective solution to extend access to finance to small businesses by developing a technology-driven low-risk product aimed to channel liquidity to the strategically important value chains. Automated supply chain finance programs enable FIs to better assess, measure and manage risks of extending finance to SMEs thorough the transparency of the full value chain, and visibility of the commercial and financial relationships among the parties. In addition, credit and payment risk is decreased by shifting the focus from FI-SME relationship to a tri-party FI-anchor-SME relationship, hence leveraging the trade and payment between larger anchor and SME supplier / distributor. Supply Chain Finance has a strong potential to close the finance gap in developing countries, which per IFC estimates can reach up to ~20% of the total finance gap, i.e. over $1 trillion.
To extend awareness and increase knowledge about SCF in the countries of its operations, the International Finance Corporation, together with the SME Finance Forum, is organizing a training series, covering major areas important for building successful SCF programs for financial institutions, for six weeks on Tuesdays from 8 a.m. to 9.30 a.m. EST.
This is a regional event for Middle East and Africa members and IFC clients. Participants who attend the 6-week program will be issued a “certificate of attendance”. Read about the program here.
Session 2. Building SCF Program for Financial Institutions
On March 2nd, the session will take the participants through the full cycle of SCF program development: market size and business case, assessment of legal and regulatory environments, developing an operating model, selection and developing the product, selection and integration of technology platform, process mapping, sales and onboarding. Several case studies will be shared.
Program for Session 2
- Building blocks of SCF for FIs
- Market Sizing and Business Case
- Operating Model and Technology
- Corporate Client Targeting
- SME Segmentation and Selection
- Go-Live and On-boarding
- Ongoing Operations
- Case studies of FIs
- Describe the relevance and benefit for both corporate bankers and SME bankers
- Describe the end-to-end process for SCF
- Explain the importance of segmentation and prioritization of suppliers/distributors for on-boarding
Aksinya Sorokina is a Banking Advisory Officer at IFC. She is a financial sector professional with international experience in banking and consulting. As a Banking Advisory Officer, Aksinya Sorokina is advising financial institutions in emerging markets globally (Africa, Middle East, Europe, Asia) in the area of financial inclusion, specifically – supply chain finance, small business finance, strategy and planning. She designed and implemented innovative solutions for 35+ financial institutions, aimed to scale up their business for wider financial outreach. She joined IFC in 2013 in Washington DC as a global specialist. Since March 2020 she joined the Middle East and Africa team to lead the engagements with financial institutions in the region. Prior to joining IFC, Aksinya structured debt transactions at ING Bank in Moscow, managed corporate finance activities at IBM in Moscow and conducted financial sector analysis at the World Economic Forum in New York. With international experience in management consulting, corporate finance, commercial banking, Aksinya identifies and empowers commercially viable ideas devoted to promoting financial sector development. Aksinya is a CFA® chartholder, holds master’s in Financial Economics from New York University. She is also a Fulbright Scholar and DAAD Scholar.
Steven van der Hooft is the founder and CEO of Capital Chains (2015), a Dutch company specialising in consultancy and training on end-to-end working capital optimisation and financial supply chain management issues. Steven finished his Master’s degree in International Economics and Finance at Tilburg University (NL) and gained his experience in financial supply chain management through (consulting) roles at ING, Capgemini Consulting and Inchainge. Steven has nearly 15 years of working expertise in the area of supply chain finance and has been involved in the setup and roll out of working capital projects around the world. His current focus is on Supply Chain Finance (SCF) program design and implementation for both corporates and (non-bank) Financial Institutions. Recent projects include the introduction of FCIreverse, SCF implementation for SABIC, implementation of an SCF solution for Afreximbank, as well as many projects with IFC around the introduction and vendor selection for SCF solutions with regional banks in emerging countries. He is a regular speaker and moderator at conferences on Supply Chain Finance such as: SCFC Forum, BCR conferences, GTR and FCI. Steven is a father of three (young) sons and enjoys cooking and spending quality time with family and friends. He is also a sports fanatic with a long history in training and coaching field hockey.
To register for Session #2, here
or please click in this link: https://bit.ly/SCF-Mar2
Upcoming Sessions to register
Session #3 Legal and Regulatory Considerations for SCF => http://bit.ly/SCF-Mar9
Session #4 Technologies transforming SCF => http://bit.ly/SCF-Mar16
Session #5 SCF Digital Platforms => http://bit.ly/SCF-Mar23
Session #6 Application of tech in SCF Lifecycle => http://bit.ly/SCF-Mar30
For more information, please contact Aksinya Sorokina at email@example.com or send us an email to firstname.lastname@example.org