AI in Receivable Finance

Workshop overview:

Presenting both an introduction to AI and GenAI, this half-day training will provide attendees with a deeper understanding of how these powerful and emerging technologies are impacting the global trade finance, factoring and receivables finance ecosystem and what this means for your organisation.

This cutting-edge workshop will bring together professionals and industry leaders for an active discussion of the key opportunities and challenges that AI and GenAI are having on our industry now and in the future.

Learning outcomes:

Attendees will understand how AI is currently being used in general
What they should be aware of in terms of risks, fraud, process/operational efficiency potential within the receivables finance sector

Area of expertise:

Commercial finance Invoice finance & asset-based lending Payments, innovation & resilience

Tags:

Artificial Intelligence

12:00 – 13:00

Registration and networking lunch

13:00 – 13:10

Welcome

13:10 – 14:00

AI and GenAI: a quick overview

This presentation will provide a comprehensive overview on AI and GenAI and dive into how these powerful tools are likely to change the way we work, research, and serve forever. In this opening presentation, we will look at:

What is Artificial Intelligence or “AI”?
Core areas of AI
Challenges for adoption of AI
Guidelines for use
Risks of Generative AI?

14:00 – 14:45

Legal considerations of GenAI use ownership vs. innovation

There have already been multiple legal challenges that have occurred as businesses across the globe dispute copyright and legal ownership of the output of GenAI models. This timely presentation will look at:

The existing legal framework and its limitations when using AI and GenAI in your factoring and receivables finance enterprise
Copyright risks related to AI and GenAI or what are the current risks and how can they be mitigated?
Ownership: Who ultimately owns the output from GenAI?

14:45 – 15:15

Networking coffee break

15:15 – 16:00

GenAI: use in decision-making in the factoring and receivables finance industries

Fraud is growing rapidly and evolving with new technologies and risks emerging all the time. GenAI has the potential to turn the tide against these costly advancements, with the potential to reshape the way you combat fraud and improve the ways you deliver working capital and funding to your corporate and SME clients. In this presentation, we will look at:

Opportunities for use of AI and GenAI in areas like financial forecasting and fraud detection
How to improve decision-making in your factoring or receivables finance firm with AI and GenAI through effective modelling of potential risk scenarios
GenAI use in reducing fraud via the early detection and prevention by successfully identifying patterns of potentially fraudulent activity

16:00 – 16:30

Panel session: Change management, GenAI and the future

Change is the only constant in the factoring and receivables finance industries. Successful use of GenAI will require leadership to think and act more creatively and require unprecedented change in the mindset and culture for many organisations. This panel discussion will explore best practices and strategies for managing change, fostering, and nurturing creativity and drive the successful AI adoption of GenAI. We will look at:

Will GenAI ever replace all human work?
The impact of AI and GenAI on all industries, including factoring and receivables finance
Best practice for AI and GenAI uses
Future trends and recommendations

16:30 – 16:45

Q&A

16:45

End

Mark Mandula

Senior Vice President, United Capital Funding, Chief Learning Officer, BCR Publishing

Mark is an internationally recognised factoring expert, speaker, author, serial entrepreneur and servant leader. He is Senior Vice President of United...

Mark is an internationally recognised factoring expert, speaker, author, serial entrepreneur and servant leader. He is Senior Vice President of United Capital Funding, a Tampa Bay, Florida B2B and B2G SME commercial finance professional services firm. He was Principal/ Managing Partner from 2000 to 2017 when the firm was acquired and has also served in a National Sales Director capacity. Since formation, United Capital has grown 80 times in annual employed capital to B2B and B2G SMEs and is projected to exceed US$1 Billion in NFE in 2022.

Mark has also become an equity owner of BCR Publishing, and will serve as Chief Learning Officer. In this new role, he will lead the expansion of programmes and best of breed events for BCR on a global basis. He believes that “power in knowledge, but only when shared.” Prior to joining United Capital in 2000, he was principal and shareholder in an investment banking firm that completed over 200 bank industry mergers and acquisitions over a 20+ year span. Following that, he was owner and CEO of a leading credit industry business and was nominated as an Entrepreneur of the Year. He holds an MBA and BBA in Finance and is a 2012 graduate of the Certificate in Private Capital Markets from the Graziadio Graduate School of Business at Pepperdine University, Malibu, California. He has been actively involved in multiple non-profit boards including Eckerd College, Tampa Bay Research Institute and others.

Mark is a regular speaker and has participated in over 250 international conferences and has had more than 1,200 articles published online and in ABA Banking Journal, Mergers & Acquisitions, BCR, FCI and other commercial finance global industry publications both online and in hard copy. He has also contributed to several editions of the World Factoring Yearbook, published by FCI and BCR on a global basis.

Simon Connor

Senior Associate, Clifford Chance

Simon is a Senior Associate specialising in securitisations, structured finance transactions, forward flow/ factoring arrangements, asset backed comme...

Simon is a Senior Associate specialising in securitisations, structured finance transactions, forward flow/ factoring arrangements, asset backed commercial paper conduits and asset-based lending. Simon has considerable experience advising arrangers, originators and investors on complex cross-border securitisations (both public and private in nature) across the spectrum of asset classes, including trade receivables, lease receivables, telecommunication receivables, corporate and consumer loans (including CBILS, RLS and RLS2), and residential mortgages.

Senior management within the UK receivables finance sector including:

Risk managers
Operations managers
C-level executives
Marketing directors