Connect with us

Technology

Supply Chain Finance Industry Report 2024

Published

3 years ago

on

DUBLIN, March 6, 2024 /PRNewswire/ — The “Supply Chain Finance Market – Global Industry Size, Share, Trends, Opportunity, & Forecast 2019-2029” report has been added to  ResearchAndMarkets.com’s offering.

The Global Supply Chain Finance Market was valued at USD 5.7 billion in 2023 and is anticipated to grow with a CAGR of 8.7% through 2029, reaching USD 9.4 billion.

The growth of the market is driven by several factors, including favorable policies, the financing needs of small and medium-sized enterprises (SMEs), and the increasing complexity of global supply chains. The emergence of complex and diverse supply chains globally has led to an increase in the number of suppliers, which has created a need for financing optimization for enterprises.

The rise of economic nationalism, the global financial crisis of 2008, and the Covid-19 pandemic have exposed weaknesses in global supply chains, which have triggered a rise in research on supply chain finance. The adoption of advanced technologies, such as blockchain initiatives and technology platforms, has also contributed to the growth of the market.

Additionally, the increasing emphasis on sustainable sourcing is one of the key drivers of this growth. The market is expected to witness significant adoption of strategies that provide differentiated and innovative solutions to suppliers that require liquidity and working capital.

Key Market Drivers

The Efficiency Imperative

In today’s hyper-competitive landscape, streamlining operations is paramount. SCF cuts through the fat of traditional financing channels, directly connecting buyers and suppliers. Buyers leverage their stronger credit to secure discounted early payment options for their suppliers, while suppliers bypass lengthy application processes and enjoy immediate access to cash. This expedites payments, reduces transaction costs, and optimizes working capital for both parties, propelling them towards leaner, more efficient operations.

Risk Mitigation Symphony

The global supply chain is a delicate ecosystem, susceptible to disruptions from volatile markets, geopolitical shifts, and unforeseen events. SCF injects stability into this equation. Early payment reduces supplier’s reliance on external borrowings, mitigating their exposure to interest rate fluctuations and credit tightening. For buyers, the ability to pre-finance critical materials and components acts as a buffer against potential supply chain shocks, ensuring continuous production and smooth delivery schedules. This risk-mitigating aspect makes SCF a harmonious note in the concerto of supply chain resilience.

The Supplier Empowerment Chord

SCF is not just about financial optimization; it’s about building stronger relationships within the supply chain ecosystem. By offering early payment options, buyers demonstrate their commitment to their suppliers, fostering trust and loyalty. This translates into improved communication, collaborative problem-solving, and enhanced quality control. Suppliers, empowered by the financial boost, experience increased growth opportunities and reinvestment potential, becoming more reliable partners in the chain. This collaborative spirit strengthens the entire supply chain ecosystem, creating a harmonious chord of mutual benefit.

The Technological Crescendo

As technology disrupts established paradigms, SCF embraces the revolution. Innovative platforms automate manual processes, integrate SCF solutions with existing enterprise resource planning systems, and leverage data analytics to provide real-time insights into cash flow and risk exposure. This data-driven approach allows for dynamic adjustments, customized solutions, and proactive risk management, making SCF a technologically-driven crescendo in the supply chain symphony.

The Global Expansion Chorus

The melody of SCF is resonating across continents. While regions like Asia-Pacific, with its burgeoning economies and complex supply chains, are leading the charge, the chorus is steadily catching on in Europe and North America. Factors like increasing trade volumes, growing awareness of SCF benefits, and supportive government initiatives are fostering adoption across diverse industries, from automotive and electronics to agriculture and pharmaceuticals. This global expansion ensures that the SCF movement will continue to play a vital role in the seamless flow of goods and services around the world.

Key Market Challenges

The Onboarding Enigma

Integrating SCF into existing financial systems and convincing diverse supply chain participants to adopt it can be a herculean task. Smaller suppliers, often lacking the technological infrastructure or financial literacy, may hesitate to navigate the unfamiliar terrain. Additionally, aligning the interests of all stakeholders – buyers, suppliers, and financial institutions – can be a complex undertaking, requiring careful negotiation and customized solutions. Addressing onboarding challenges necessitates collaborative efforts from industry leaders, technology providers, and financial institutions to develop user-friendly solutions, conduct targeted education programs, and incentivize participation for all parties involved.

The Transparency Tango

The intricate network of relationships within a supply chain often suffers from a lack of transparency. Access to accurate and real-time data on inventory levels, payment statuses, and potential risks is crucial for efficient SCF implementation. However, concerns about data privacy and intellectual property sharing can create stumbling blocks in establishing trust and open communication. Implementing secure data platforms, adopting standardized data formats, and fostering a culture of collaboration are essential steps in mitigating this challenge and unlocking the full potential of SCF’s risk mitigation and optimization capabilities.

The Regulatory Rhapsody

The global nature of supply chains exposes them to a patchwork of regulations and legal frameworks. Navigating these complexities can be daunting for both buyers and suppliers, especially when cross-border transactions are involved. Differing accounting standards, tax regimes, and compliance requirements can create friction and hinder widespread adoption. Harmonizing regulations across jurisdictions, developing clear legal frameworks specific to SCF transactions, and providing readily accessible guidance for businesses remain crucial steps towards overcoming this challenge and ensuring smooth implementation of SCF across borders.

The Technological Time Signature

While technology unlocks immense potential for SCF, it also presents its own set of challenges. Integrating SCF platforms with existing enterprise resource planning systems requires expertise and investment, which can be a barrier for smaller players. Additionally, cybersecurity risks associated with handling sensitive financial data necessitate robust security measures and ongoing vigilance. 

Key Market Trends

The Democratization Crescendo

As the barriers to entry crumble, SCF’s melody is reaching previously unheard corners. Fintech platforms are democratizing access by developing user-friendly, cloud-based solutions, catering especially to smaller suppliers who were once isolated from this financial harmony. Furthermore, alternative financing models like blockchain-based platforms and peer-to-peer lending are emerging, offering flexible and cost-effective options for all players in the supply chain. This democratization, like a rising crescendo, will ensure that the benefits of SCF are no longer a privilege of the few, but a readily available instrument for growth and resilience for all.

The Collaborative Canon

The traditional soloist act of managing cash flow is giving way to a collaborative canon within the supply chain. Buyers and suppliers are increasingly recognizing the power of working together. Buyer-driven inventory financing models, where suppliers receive funding based on actual customer demand, are fostering closer collaboration and optimizing inventory levels. Additionally, data-driven platforms are enabling real-time visibility into financial information across the chain, creating an environment of trust and shared responsibility. This collaborative spirit, like a harmonious canon, will unlock new levels of efficiency and risk mitigation, strengthening the entire supply chain ecosystem.

The Sustainability Sonata

The melody of SCF is now echoing with the notes of sustainability. Green SCF solutions are emerging, offering financing specifically for environmentally friendly initiatives like renewable energy projects or sustainable sourcing practices. These solutions incentivize green practices within the supply chain, reducing carbon footprint and promoting resource efficiency. Furthermore, SCF can be used to support ethical sourcing practices by ensuring fair wages and responsible working conditions for suppliers, creating a more sustainable and equitable global community. This sustainability sonata, like a beautiful counterpoint, adds a dimension of social responsibility to the SCF movement.

The Technological Fugue

The technological revolution continues to play a pivotal role in the SCF narrative. Artificial intelligence (AI) is being utilized to analyze vast amounts of data, predict cash flow needs, and automate tasks, further optimizing the flow of funds. Blockchain technology, with its secure and transparent ledger system, is enhancing trust and visibility in cross-border transactions, making SCF a viable option for increasingly globalized supply chains. This technological fugue, where different elements weave together seamlessly, promises to further streamline processes, reduce costs, and unlock new possibilities for SCF implementation.

The Regulatory Ritornello

As SCF’s global footprint expands, the need for a harmonized regulatory framework becomes increasingly vital. Governments and industry leaders are collaborating to develop standardized regulations and legal frameworks specific to SCF transactions. This includes tackling issues like cross-border data privacy, tax implications, and dispute resolution mechanisms. By addressing these regulatory roadblocks, the SCF narrative will avoid dissonance and maintain a clear rhythm of growth and adoption across geographies.

The Personalization Presto

The one-size-fits-all approach is fading away in the realm of SCF. Financial institutions and technology providers are recognizing the need for flexible and customizable solutions tailored to the specific needs of different industries, company sizes, and geographic locations. This personalization presto, like a dynamic flourish, ensures that the melody of SCF resonates with each participant, offering them the tailored solutions they need to thrive in the ever-evolving global market.

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the global Supply Chain Finance market.

Royal Bank of Scotland plcMitsubishi UFJ Financial Group, Inc.BANK OF AMERICA CORPORATIONHSBC GroupEulers HermsCitigroup, Inc.BNP ParibasJPMORGAN CHASE & CO.Asian Development BankStandard Chartered

Report Scope

Supply Chain Finance Market, By Offering:

Export and Import BillsLetter of CreditPerformance BondsShipping GuaranteesOthers

Supply Chain Finance Market, By Provider:

BanksTrade Finance HouseOthers

Supply Chain Finance Market, By End User:

Large EnterprisesSmall and Medium-sized Enterprises

Supply Chain Finance Market, By Region:

North AmericaUnited StatesCanadaMexicoEuropeFranceUnited KingdomItalyGermanySpainAsia-PacificChinaIndiaJapanAustraliaSouth KoreaSouth AmericaBrazilArgentinaColombiaMiddle East & AfricaSouth AfricaSaudi ArabiaUAETurkeyEgypt

For more information about this report visit https://www.researchandmarkets.com/r/qggwkm

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
 
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
 
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

View original content:https://www.prnewswire.com/news-releases/supply-chain-finance-industry-report-2024-302081943.html

SOURCE Research and Markets

Related Topics:
Continue Reading

Technology

Brightmoor Hospice, LLC Provides Notification of Data Security Incident

Published

53 minutes ago

on

October 17, 2026

By

GRIFFIN, Ga., Oct. 16, 2026 /PRNewswire/ — Brightmoor Hospice, LLC (“Brightmoor”) is providing notification of a data security incident that may have impacted certain protected health information.

On or around March 25, 2026, Brightmoor Hospice, LLC (“Brightmoor”) discovered suspicious activity related to two employees’ email accounts. Upon discovery, Brightmoor took immediate action to secure the accounts and engaged a team of third-party specialists to investigate. The investigation determined that two employee email accounts were accessed without authorization between March 24, 2026, and March 25, 2026. Upon confirmation of unauthorized access, Brightmoor began a comprehensive review of the contents of the affected accounts to determine whether they contained sensitive information pertaining to individuals. On August 18, 2026, Brightmoor determined that protected health information belonging to certain patients was present within the accounts. Brightmoor then conducted a time-intensive review of its internal records to locate address information for the potentially impacted individuals. On October 16, 2026, Brightmoor began notifying individuals by mail.

The types of information vary by individual and may include name and one or more of the following: addresses, Social Security numbers, driver’s license information, dates of birth, patients’ identification numbers, diagnosis, medical history information, medical record numbers, medical treatment information, lab information, treating doctor’s name, medication information, vaccination information, medical insurance information, and family and social history information.

In response to this incident, Brightmoor worked with third-party specialists to investigate and implement additional security measures within its network. Brightmoor has no evidence of actual or attempted misuse of information as a result of this incident. Nonetheless, in an abundance of caution, Brightmoor is providing notice to potentially affected individuals and offering complimentary credit monitoring services. Individuals are also encouraged to monitor their account statements and explanation of benefits forms for suspicious activity and to detect errors. In addition, Brightmoor has notified the U.S. Health and Human Services Office for Civil Rights of this incident. 

Brightmoor has established a toll-free call center to answer questions about the incident and to address related concerns. The number for the hotline is 1-800-759-8524. The hotline hours of operation are Monday through Friday from 8 AM to 8 PM EST, excluding holidays. You can also write to 3247 Newnan Rd, Griffin, GA 30223.

Brightmoor takes protecting the privacy and security of personal information seriously and is reviewing and implementing further security enhancements designed to strengthen the protection of our systems.

View original content:https://www.prnewswire.com/news-releases/brightmoor-hospice-llc-provides-notification-of-data-security-incident-302911735.html

SOURCE Brightmoor Hospice, LLC

Continue Reading

Technology

EVIDENT Expands Its Pramana Digital Pathology Portfolio to Support Small and Medium-Sized Labs

Published

2 hours ago

on

October 17, 2026

By

The new Pramana™ POD benchtop WSI scanner delivers autonomous imaging to help laboratories create pathologist-ready whole slide images with minimal operator intervention.

NEEDHAM, Mass., Oct. 16, 2026 /PRNewswire/ — Today, Evident announced the Pramana™ POD whole slide imaging (WSI) scanner, a new benchtop system designed to help laboratories produce trusted images. Built for small and medium-sized laboratories and specialty applications within larger institutions, the scanner helps make digital pathology adoption more accessible.

As pathology laboratories expand digital workflows amid increasing case volumes and operational demands, they need scanning systems that produce consistent, high-quality images across specimen types while integrating into existing laboratory workflows. Evident designed the Pramana POD scanner to address those needs, extending proven Pramana autonomous WSI technology to smaller laboratories.

“Pramana WSI technology has received tremendous acceptance from pathology labs across academic medical centers and network labs across the United States,” said Prasanth Perugupalli, Vice President of Digital Pathology, Evident. “By incorporating quality assurance into the whole slide imaging process, Pramana technology can help labs of varying sizes reduce the need for post-scan QA and the associated costs and delays.”

The Pramana POD scanner automates imaging with an advanced tissue finder, extensive label detection, and automated focal plane and scan-profile selection. Built-in image-quality assessment helps deliver pathologist-ready whole slide images and identify scans that may require further review. Volumetric imaging captures multiple focal planes to support the selection of sharp focal information across the scanned area, with true 40X imaging at 25 slides per hour under defined conditions.

The Pramana series of autonomous WSI scanners is well-suited for most brightfield imaging applications, including histopathology, core biopsies, hematology, cytology, and microbiology.

“Scientific advances move quickly, but laboratory infrastructure changes slowly,” Perugupalli added. “With the Pramana POD scanner, small and medium-sized labs can build as their needs evolve.”

To learn more about the Pramana POD benchtop WSI scanner, visit evidentscientific.com/products/slide-scanners/pramana-pod.

About EVIDENT
For over 100 years as Olympus, we set the industry standard for optical precision in microscopy, helping the world see what was once out of view. Today, as Evident, we continue to help scientists, physicians, and engineers illuminate the unseen with advanced imaging solutions that combine renowned optics with cutting-edge digital innovation.

Our life science portfolio supports research, clinical diagnostics, and education, offering a comprehensive range of imaging methods from essential brightfield and darkfield microscopy to advanced fluorescence, 4D analysis, and digital pathology. In industrial microscopy, we deliver precision and flexibility through laser scanning, digital, and semiconductor microscopes designed for tasks ranging from routine inspection to intricate quality control and manufacturing analysis.

Whether advancing new therapies, ensuring product integrity, or exploring the unknown, Evident is defining a new era of discovery with easy-to-use tools that help unlock hidden answers and empower exciting new breakthroughs.

Evident is headquartered in Tokyo and supported by R&D and manufacturing centers in Japan, the United States, Germany, and China, with operations and dedicated sales and service centers around the world. For more information, visit EvidentScientific.com.

For Research Use Only. Not for use in diagnostic procedures. Future clinical availability is subject to applicable regulatory authorization, and regulatory status and availability may vary by country. Performance varies by specimen type and workflow.
Pramana is a trademark of Evident Corporation or its subsidiaries.

View original content to download multimedia:https://www.prnewswire.com/news-releases/evident-expands-its-pramana-digital-pathology-portfolio-to-support-small-and-medium-sized-labs-302911714.html

SOURCE Evident

Continue Reading

Technology

PhotonPay Secures UK EMI Licence, Advancing Its Global Payment Operating System

Published

2 hours ago

on

October 17, 2026

By

HONG KONG, Oct. 17, 2026 /PRNewswire/ — PhotonPay, a next-generation payment operating system, today announced that it has secured an Electronic Money Institution (EMI) licence from the UK Financial Conduct Authority (FCA).

The licence enables PhotonPay to issue electronic money and provide regulated payment services in the UK within the scope of its authorisation. It further strengthens PhotonPay’s local capabilities in the market and supports the company in delivering broader payment and treasury solutions for businesses operating globally.

The UK is one of the world’s leading financial and commercial hubs, and an important gateway for businesses operating across Europe and international markets. As companies expand into more countries and regions, their financial needs are evolving beyond individual cross-border transactions toward more integrated management of accounts, collections, payouts, foreign exchange, cards and treasury operations.

For PhotonPay, entering a market means more than making products and services available. It requires building a local financial foundation that meets regulatory requirements and can support businesses over the long term. The EMI licence further strengthens PhotonPay’s position in the UK and provides an important foundation for deeper connectivity with local banks, payment networks and the broader financial ecosystem.

JP, Global Head of Compliance at PhotonPay, said:

“Securing our UK EMI licence marks an important milestone in the continued expansion of PhotonPay’s global regulatory footprint. Building a global payment operating system requires strong local regulatory foundations. This authorisation strengthens our ability to build for the long term in the UK, while supporting our continued expansion across more markets, currencies and payment networks. Ultimately, it enables us to deliver a more complete and efficient payment and treasury experience for businesses operating globally.”

As businesses expand internationally, the financial infrastructure behind their operations remains highly fragmented. Different markets operate across distinct account structures, payment networks, currencies and regulatory frameworks, often requiring businesses to manage multiple financial institutions, payment providers and systems at the same time.

PhotonPay is building its next-generation payment operating system around this complexity. Through a unified technology platform, the company connects local financial capabilities across markets, enabling businesses to manage global accounts, collections, payouts, foreign exchange, cards and embedded finance more centrally while reducing the operational complexity created by multiple markets, currencies and systems.

Real commerce is the foundation of this operating system. By continuously expanding its regulatory coverage, banking relationships, payment networks and underlying technology infrastructure, PhotonPay aims to ensure that financial infrastructure can scale alongside a business as it enters new markets and grows internationally.

Since its founding, PhotonPay has continued to expand its global regulatory and local market capabilities through entities across major financial markets. Today, PhotonPay has secured nearly 30 payment licences and related regulatory authorisations worldwide, supporting capabilities across global accounts, collections, payouts, foreign exchange, cards and embedded finance.

The UK EMI licence represents another step in the continued development of PhotonPay’s global regulatory network. Looking ahead, PhotonPay will continue to deepen its local regulatory and financial capabilities in key markets, connect more markets, currencies and payment networks, and advance the development of its next-generation global payment operating system.

About PhotonPay

PhotonPay is a next-generation payment operating system designed for businesses operating globally. Across global accounts, collections, payouts, foreign exchange, cards and embedded finance, PhotonPay connects banks, payment networks and local financial infrastructure to help businesses manage global money movement more efficiently and expand into new markets with greater operational simplicity.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/photonpay-secures-uk-emi-licence-advancing-its-global-payment-operating-system-302911540.html

SOURCE PhotonPay

Continue Reading

Trending