{"id":96948,"date":"2024-06-19T10:17:39","date_gmt":"2024-06-19T08:17:39","guid":{"rendered":"https:\/\/www.efcom.de\/trade-finance-global-interview-article\/"},"modified":"2024-06-19T13:52:41","modified_gmt":"2024-06-19T11:52:41","slug":"trade-finance-global-interview-article","status":"publish","type":"post","link":"https:\/\/www.efcom.de\/en\/trade-finance-global-interview-article\/","title":{"rendered":"Trade Finance Global: interview &#038; article"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row css=&#8221;.vc_custom_1708334309580{margin-top: 45px !important;}&#8221;][vc_column width=&#8221;1\/5&#8243;][\/vc_column][vc_column width=&#8221;3\/5&#8243;]<div id=\"ultimate-heading-59466a285ee23621a\" class=\"uvc-heading ult-adjust-bottom-margin ultimate-heading-59466a285ee23621a uvc-5240 \" data-hspacer=\"no_spacer\"  data-halign=\"center\" style=\"text-align:center\"><div class=\"uvc-heading-spacer no_spacer\" style=\"top\"><\/div><div class=\"uvc-main-heading ult-responsive\"  data-ultimate-target='.uvc-heading.ultimate-heading-59466a285ee23621a h1'  data-responsive-json-new='{\"font-size\":\"desktop:55px;\",\"line-height\":\"desktop:65px;\"}' ><h1 style=\"font-family:&#039;Roboto Condensed&#039;;font-weight:300;color:#eb9000;margin-bottom:30px;\">Interview with Trade Finance Global:<\/h1><\/div><\/div><div id=\"ultimate-heading-41136a285ee2362be\" class=\"uvc-heading ult-adjust-bottom-margin ultimate-heading-41136a285ee2362be uvc-215 \" data-hspacer=\"no_spacer\"  data-halign=\"center\" style=\"text-align:center\"><div class=\"uvc-heading-spacer no_spacer\" style=\"top\"><\/div><div class=\"uvc-main-heading ult-responsive\"  data-ultimate-target='.uvc-heading.ultimate-heading-41136a285ee2362be h1'  data-responsive-json-new='{\"font-size\":\"desktop:50px;\",\"line-height\":\"desktop:65px;\"}' ><h1 style=\"font-family:&#039;Roboto Condensed&#039;;font-weight:700;\">Turbocharging the growth of factoring and supply chain finance in MENA and India<\/h1><\/div><\/div>[vc_single_image image=&#8221;96933&#8243; img_size=&#8221;large&#8221; alignment=&#8221;center&#8221; css=&#8221;.vc_custom_1718720657089{padding-top: 35px !important;}&#8221;][\/vc_column][vc_column width=&#8221;1\/5&#8243;][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/5&#8243;][\/vc_column][vc_column width=&#8221;2\/5&#8243;]<div class=\"uavc-list-icon uavc-list-icon-wrapper ult-adjust-bottom-margin   \"><ul class=\"uavc-list\"><li><div class=\"uavc-list-content\" id=\"list-icon-wrap-3903\">\n<div class=\"uavc-list-icon  \" data-animation=\"\" data-animation-delay=\"03\" style=\"margin-right:15px;\"><div class=\"ult-just-icon-wrapper  \"><div class=\"align-icon\" style=\"text-align:center;\">\n<div class=\"aio-icon none \"  style=\"color:#eb9000;font-size:32px;display:inline-block;\">\n\t<i class=\"icomoon-the7-font-the7-arrow-37\"><\/i>\n<\/div><\/div><\/div>\n<\/div><span  data-ultimate-target='#list-icon-wrap-3903 .uavc-list-desc'  data-responsive-json-new='{\"font-size\":\"desktop:24px;\",\"line-height\":\"\"}'  class=\"uavc-list-desc ult-responsive\" style=\"font-family:&#039;Roboto Condensed&#039;;font-weight:700;color:#006357;\"><a href=\"https:\/\/www.tradefinanceglobal.com\/posts\/video-efcom-turbocharging-growth-factoring-supply-chain-finance-mena-india\/\" target=\"_blank\" rel=\"noopener\">Go to article<\/a><\/span><\/div><\/li><li><div class=\"uavc-list-content\" id=\"list-icon-wrap-2025\">\n<div class=\"uavc-list-icon  \" data-animation=\"\" data-animation-delay=\"03\" style=\"margin-right:15px;\"><div class=\"ult-just-icon-wrapper  \"><div class=\"align-icon\" style=\"text-align:center;\">\n<div class=\"aio-icon none \"  style=\"color:#eb9000;font-size:32px;display:inline-block;\">\n\t<i class=\"icomoon-the7-font-the7-arrow-37\"><\/i>\n<\/div><\/div><\/div>\n<\/div><span  data-ultimate-target='#list-icon-wrap-2025 .uavc-list-desc'  data-responsive-json-new='{\"font-size\":\"desktop:24px;\",\"line-height\":\"\"}'  class=\"uavc-list-desc ult-responsive\" style=\"font-family:&#039;Roboto Condensed&#039;;font-weight:700;color:#006357;\"><a href=\"https:\/\/www.tradefinanceglobal.com\/editions\/efcom-factoring-and-supply-chain-finance-2024\/\" target=\"_blank\" rel=\"noopener\">Go to mini magazine<\/a><\/span><\/div><\/li><\/ul><\/div>[\/vc_column][vc_column width=&#8221;1\/5&#8243;]<div class=\"ult-content-box-container \" >\t\t<div class=\"ult-content-box\" style=\"box-shadow: px px px px none;-webkit-transition: all 700ms ease;-moz-transition: all 700ms ease;-ms-transition: all 700ms ease;-o-transition: all 700ms ease;transition: all 700ms ease;\"  data-hover_box_shadow=\"none\"    ><style type=\"text\/css\" data-type=\"the7_shortcodes-inline-css\">.dt-shortcode-soc-icons.soc-icons-deb4b65d0fb787b768125036b35fa523 a {\n  margin-right: 10px;\n}\n.dt-shortcode-soc-icons a.soc-icons-deb4b65d0fb787b768125036b35fa523 {\n  margin-right: 10px;\n}\n.dt-shortcode-soc-icons a.soc-icons-deb4b65d0fb787b768125036b35fa523:last-child {\n  margin-right: 0;\n}\n.dt-shortcode-soc-icons a.soc-icons-deb4b65d0fb787b768125036b35fa523:before,\n.dt-shortcode-soc-icons a.soc-icons-deb4b65d0fb787b768125036b35fa523:after {\n  padding: inherit;\n}\n.dt-shortcode-soc-icons a.soc-icons-deb4b65d0fb787b768125036b35fa523.dt-icon-border-on:before {\n  border:  solid ;\n}\n.dt-shortcode-soc-icons a.soc-icons-deb4b65d0fb787b768125036b35fa523.dt-icon-hover-border-on:after {\n  border:  solid ;\n}<\/style><div class=\"dt-shortcode-soc-icons  soc-icons-deb4b65d0fb787b768125036b35fa523 soc-icons-right \" ><style type=\"text\/css\" data-type=\"the7_shortcodes-inline-css\">.dt-shortcode-soc-icons a.single-soc-icon-1579ab5d9c09d791650534d310b18e8a {\n  min-width: 38px;\n  min-height: 38px;\n  font-size: 18px;\n  border-radius: 80px;\n}\n.dt-shortcode-soc-icons a.single-soc-icon-1579ab5d9c09d791650534d310b18e8a:last-child {\n  margin-right: 0;\n}\n.dt-shortcode-soc-icons a.single-soc-icon-1579ab5d9c09d791650534d310b18e8a:before,\n.dt-shortcode-soc-icons a.single-soc-icon-1579ab5d9c09d791650534d310b18e8a:after {\n  min-width: 38px;\n  min-height: 38px;\n  padding: inherit;\n}\n#page .dt-shortcode-soc-icons a.single-soc-icon-1579ab5d9c09d791650534d310b18e8a.dt-icon-bg-on:before,\n#phantom .dt-shortcode-soc-icons a.single-soc-icon-1579ab5d9c09d791650534d310b18e8a.dt-icon-bg-on:before {\n  background: #424242;\n}\n.dt-shortcode-soc-icons a.single-soc-icon-1579ab5d9c09d791650534d310b18e8a.dt-icon-border-on:before {\n  border: 0px solid ;\n}\n.dt-shortcode-soc-icons a.single-soc-icon-1579ab5d9c09d791650534d310b18e8a.dt-icon-hover-border-on:after {\n  border: 0px solid ;\n}\n.dt-shortcode-soc-icons a.single-soc-icon-1579ab5d9c09d791650534d310b18e8a:hover {\n  font-size: 18px;\n}\n#page .dt-shortcode-soc-icons a.single-soc-icon-1579ab5d9c09d791650534d310b18e8a:hover .soc-font-icon,\n#phantom .dt-shortcode-soc-icons a.single-soc-icon-1579ab5d9c09d791650534d310b18e8a:hover .soc-font-icon,\n#page .dt-shortcode-soc-icons a.single-soc-icon-1579ab5d9c09d791650534d310b18e8a:hover .soc-icon,\n#phantom .dt-shortcode-soc-icons a.single-soc-icon-1579ab5d9c09d791650534d310b18e8a:hover .soc-icon {\n  color: #ffffff;\n  background: none;\n}\n#page .dt-shortcode-soc-icons a.single-soc-icon-1579ab5d9c09d791650534d310b18e8a.dt-icon-hover-bg-on:after,\n#phantom .dt-shortcode-soc-icons a.single-soc-icon-1579ab5d9c09d791650534d310b18e8a.dt-icon-hover-bg-on:after {\n  background: #003099;\n}\n#page .dt-shortcode-soc-icons a.single-soc-icon-1579ab5d9c09d791650534d310b18e8a:not(:hover) .soc-font-icon,\n#phantom .dt-shortcode-soc-icons a.single-soc-icon-1579ab5d9c09d791650534d310b18e8a:not(:hover) .soc-font-icon,\n#page .dt-shortcode-soc-icons a.single-soc-icon-1579ab5d9c09d791650534d310b18e8a:not(:hover) .soc-icon,\n#phantom .dt-shortcode-soc-icons a.single-soc-icon-1579ab5d9c09d791650534d310b18e8a:not(:hover) .soc-icon {\n  color: #ffffff;\n  background: none;\n}\n.dt-shortcode-soc-icons a.single-soc-icon-1579ab5d9c09d791650534d310b18e8a .soc-font-icon,\n.dt-shortcode-soc-icons a.single-soc-icon-1579ab5d9c09d791650534d310b18e8a .soc-icon {\n  font-size: 18px;\n}<\/style><a title=\"\" href=\"http:\/\/www.facebook.com\/share.php?u=http:\/\/bit.ly\/vOKpgC\" target=\"_blank\" rel=\"noopener\" class=\"Defaults-facebook-square single-soc-icon-1579ab5d9c09d791650534d310b18e8a dt-icon-bg-on dt-icon-hover-bg-on\"><i class=\"soc-icon Defaults-facebook-square\"><\/i><span class=\"screen-reader-text\"><\/span><\/a><style type=\"text\/css\" data-type=\"the7_shortcodes-inline-css\">.dt-shortcode-soc-icons a.single-soc-icon-85adb943da743850ea4bbb48459ef58d {\n  min-width: 38px;\n  min-height: 38px;\n  font-size: 18px;\n  border-radius: 100px;\n}\n.dt-shortcode-soc-icons a.single-soc-icon-85adb943da743850ea4bbb48459ef58d:last-child {\n  margin-right: 0;\n}\n.dt-shortcode-soc-icons a.single-soc-icon-85adb943da743850ea4bbb48459ef58d:before,\n.dt-shortcode-soc-icons a.single-soc-icon-85adb943da743850ea4bbb48459ef58d:after {\n  min-width: 38px;\n  min-height: 38px;\n  padding: inherit;\n}\n#page .dt-shortcode-soc-icons a.single-soc-icon-85adb943da743850ea4bbb48459ef58d.dt-icon-bg-on:before,\n#phantom .dt-shortcode-soc-icons a.single-soc-icon-85adb943da743850ea4bbb48459ef58d.dt-icon-bg-on:before {\n  background: #424242;\n}\n.dt-shortcode-soc-icons a.single-soc-icon-85adb943da743850ea4bbb48459ef58d.dt-icon-border-on:before {\n  border: 0px solid ;\n}\n.dt-shortcode-soc-icons a.single-soc-icon-85adb943da743850ea4bbb48459ef58d.dt-icon-hover-border-on:after {\n  border: 0px solid ;\n}\n.dt-shortcode-soc-icons a.single-soc-icon-85adb943da743850ea4bbb48459ef58d:hover {\n  font-size: 18px;\n}\n#page .dt-shortcode-soc-icons a.single-soc-icon-85adb943da743850ea4bbb48459ef58d:hover .soc-font-icon,\n#phantom .dt-shortcode-soc-icons a.single-soc-icon-85adb943da743850ea4bbb48459ef58d:hover .soc-font-icon,\n#page .dt-shortcode-soc-icons a.single-soc-icon-85adb943da743850ea4bbb48459ef58d:hover .soc-icon,\n#phantom .dt-shortcode-soc-icons a.single-soc-icon-85adb943da743850ea4bbb48459ef58d:hover .soc-icon {\n  color: #ffffff;\n  background: none;\n}\n#page .dt-shortcode-soc-icons a.single-soc-icon-85adb943da743850ea4bbb48459ef58d.dt-icon-hover-bg-on:after,\n#phantom .dt-shortcode-soc-icons a.single-soc-icon-85adb943da743850ea4bbb48459ef58d.dt-icon-hover-bg-on:after {\n  background: #0073a8;\n}\n#page .dt-shortcode-soc-icons a.single-soc-icon-85adb943da743850ea4bbb48459ef58d:not(:hover) .soc-font-icon,\n#phantom .dt-shortcode-soc-icons a.single-soc-icon-85adb943da743850ea4bbb48459ef58d:not(:hover) .soc-font-icon,\n#page .dt-shortcode-soc-icons a.single-soc-icon-85adb943da743850ea4bbb48459ef58d:not(:hover) .soc-icon,\n#phantom .dt-shortcode-soc-icons a.single-soc-icon-85adb943da743850ea4bbb48459ef58d:not(:hover) .soc-icon {\n  color: #ffffff;\n  background: none;\n}\n.dt-shortcode-soc-icons a.single-soc-icon-85adb943da743850ea4bbb48459ef58d .soc-font-icon,\n.dt-shortcode-soc-icons a.single-soc-icon-85adb943da743850ea4bbb48459ef58d .soc-icon {\n  font-size: 18px;\n}<\/style><a title=\"Linkedin\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&#038;url=&#038;title=&#038;summary=%23efcom%20%23factoring&#038;source=\" target=\"_blank\" rel=\"noopener\" class=\"linkedin single-soc-icon-85adb943da743850ea4bbb48459ef58d dt-icon-bg-on dt-icon-hover-bg-on\"><i class=\"soc-icon soc-font-icon dt-icon-linkedin\"><\/i><span class=\"screen-reader-text\">Linkedin<\/span><\/a><style type=\"text\/css\" data-type=\"the7_shortcodes-inline-css\">.dt-shortcode-soc-icons a.single-soc-icon-15b988045b57f6709eca704584b326f8 {\n  min-width: 38px;\n  min-height: 38px;\n  font-size: 18px;\n  border-radius: 100px;\n}\n.dt-shortcode-soc-icons a.single-soc-icon-15b988045b57f6709eca704584b326f8:last-child {\n  margin-right: 0;\n}\n.dt-shortcode-soc-icons a.single-soc-icon-15b988045b57f6709eca704584b326f8:before,\n.dt-shortcode-soc-icons a.single-soc-icon-15b988045b57f6709eca704584b326f8:after {\n  min-width: 38px;\n  min-height: 38px;\n  padding: inherit;\n}\n#page .dt-shortcode-soc-icons a.single-soc-icon-15b988045b57f6709eca704584b326f8.dt-icon-bg-on:before,\n#phantom .dt-shortcode-soc-icons a.single-soc-icon-15b988045b57f6709eca704584b326f8.dt-icon-bg-on:before {\n  background: #424242;\n}\n.dt-shortcode-soc-icons a.single-soc-icon-15b988045b57f6709eca704584b326f8.dt-icon-border-on:before {\n  border: 0px solid ;\n}\n.dt-shortcode-soc-icons a.single-soc-icon-15b988045b57f6709eca704584b326f8.dt-icon-hover-border-on:after {\n  border: 0px solid ;\n}\n.dt-shortcode-soc-icons a.single-soc-icon-15b988045b57f6709eca704584b326f8:hover {\n  font-size: 18px;\n}\n#page .dt-shortcode-soc-icons a.single-soc-icon-15b988045b57f6709eca704584b326f8:hover .soc-font-icon,\n#phantom .dt-shortcode-soc-icons a.single-soc-icon-15b988045b57f6709eca704584b326f8:hover .soc-font-icon,\n#page .dt-shortcode-soc-icons a.single-soc-icon-15b988045b57f6709eca704584b326f8:hover .soc-icon,\n#phantom .dt-shortcode-soc-icons a.single-soc-icon-15b988045b57f6709eca704584b326f8:hover .soc-icon {\n  color: #ffffff;\n  background: none;\n}\n#page .dt-shortcode-soc-icons a.single-soc-icon-15b988045b57f6709eca704584b326f8.dt-icon-hover-bg-on:after,\n#phantom .dt-shortcode-soc-icons a.single-soc-icon-15b988045b57f6709eca704584b326f8.dt-icon-hover-bg-on:after {\n  background: rgba(0,0,0,0.5);\n}\n#page .dt-shortcode-soc-icons a.single-soc-icon-15b988045b57f6709eca704584b326f8:not(:hover) .soc-font-icon,\n#phantom .dt-shortcode-soc-icons a.single-soc-icon-15b988045b57f6709eca704584b326f8:not(:hover) .soc-font-icon,\n#page .dt-shortcode-soc-icons a.single-soc-icon-15b988045b57f6709eca704584b326f8:not(:hover) .soc-icon,\n#phantom .dt-shortcode-soc-icons a.single-soc-icon-15b988045b57f6709eca704584b326f8:not(:hover) .soc-icon {\n  color: #ffffff;\n  background: none;\n}\n.dt-shortcode-soc-icons a.single-soc-icon-15b988045b57f6709eca704584b326f8 .soc-font-icon,\n.dt-shortcode-soc-icons a.single-soc-icon-15b988045b57f6709eca704584b326f8 .soc-icon {\n  font-size: 18px;\n}<\/style><a title=\"Mail\" href=\"mailto:%20sales@efcom.de\" class=\"mail single-soc-icon-15b988045b57f6709eca704584b326f8 dt-icon-bg-on dt-icon-hover-bg-on\"><i class=\"soc-icon soc-font-icon dt-icon-mail\"><\/i><span class=\"screen-reader-text\">Mail<\/span><\/a><\/div>\t\t<\/div><\/div>[\/vc_column][vc_column width=&#8221;1\/5&#8243;][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/5&#8243;][\/vc_column][vc_column width=&#8221;3\/5&#8243;][vc_column_text css=&#8221;.vc_custom_1718782857580{padding-top: 20px !important;padding-bottom: 10px !important;}&#8221;]<strong><span style=\"font-size: 15pt; line-height: 2.0;\">An interview with <a href=\"https:\/\/www.linkedin.com\/in\/deepeshpatel\/\" target=\"_blank\" rel=\"noopener\">Deepesh Patel<\/a> from <a href=\"https:\/\/www.tradefinanceglobal.com\/\" target=\"_blank\" rel=\"noopener\">Trade Finance Global<\/a>, <a href=\"https:\/\/www.linkedin.com\/in\/federico-avell%C3%A1n-borgmeyer-25285a1\/\" target=\"_blank\" rel=\"noopener\">Federico Avell\u00e1n Borgmeyer<\/a> (Chief Partner Officer at efcom), <a href=\"https:\/\/www.linkedin.com\/in\/abdelrahman-elbeltagy-b8644b295\/\" target=\"_blank\" rel=\"noopener\">Abdelrahman Elbeltagy<\/a> (Islamic Finance Specialist at efcom) and <a href=\"https:\/\/www.linkedin.com\/in\/viknair\/\" target=\"_blank\" rel=\"noopener\">Vikram Nair<\/a> (CEO at <a href=\"https:\/\/www.xilligence.com\/\" target=\"_blank\" rel=\"noopener\">Xilligence<\/a>).<\/span><\/strong><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 15pt; line-height: 2.0;\">Factoring is often under-appreciated. Yet, while it may not receive all the attention other trade finance products do, it is equally important. According to FCI\u2019s report released on 21 May 2024, the <strong>world factoring industry<\/strong> demonstrated robust resilience and growth in 2023, with a notable 3.6% increase in volume compared to 2022, bringing the total to \u20ac3,791 billion. This follows two consecutive years of <strong>double-digit growth<\/strong>, marking a return to pre-pandemic stability. <\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 15pt; line-height: 2.0;\">Over the past two decades, factoring has shown remarkable strength, with a compounded <strong>annual growth rate of 8.3%<\/strong>. This highlights its critical role in supporting SMEs and corporates by providing <strong>liquidity<\/strong>, protecting against customer bankruptcies, and offering global collection support. While Europe remains the largest contributor, accounting for approximately 68% of the global volume, emerging markets in regions like <strong>Asia-Pacific<\/strong>, the <strong>Americas<\/strong>, and <strong>Africa<\/strong> are showing significant growth, presenting vast opportunities for expansion.<\/span>[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/5&#8243;][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/5&#8243;][\/vc_column][vc_column width=&#8221;3\/5&#8243;][vc_video link=&#8221;https:\/\/www.youtube.com\/watch?v=kMI-5h-h13E&amp;t=1065s&#8221; align=&#8221;center&#8221; css=&#8221;&#8221;][\/vc_column][vc_column width=&#8221;1\/5&#8243;][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/5&#8243;][\/vc_column][vc_column width=&#8221;3\/5&#8243;][vc_column_text css=&#8221;.vc_custom_1718785248927{padding-top: 20px !important;padding-bottom: 10px !important;}&#8221;]<span style=\"font-size: 15pt; line-height: 2.0;\">This financial tool is essential for many <strong>small and medium enterprises<\/strong> (SMEs) that might otherwise struggle to secure traditional bank loans. Factoring also <strong>tends to grow<\/strong> counter-cyclically. Avell\u00e1n Borgmeyer said, \u201cFactoring or residual finance has always grown well when the markets are uncertain, and we have a lot of this right now.\u201d <\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 15pt; line-height: 2.0;\">During economic downturns, businesses often face extended payment terms from their buyers, increasing the need for immediate <strong>cash flow solutions<\/strong>. Factoring ensures companies can continue to operate smoothly even when the broader economic environment is unstable, making it indispensable for SMEs in <strong>emerging economies<\/strong>.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 25pt; line-height: 1.5;\">Strategic focus on emerging markets, and the value of partnership<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 15pt; line-height: 2.0;\">While Europe remains a dominant player in the global factoring market, contributing to approximately 70% of the total volume, the focus is <strong>gradually shifting<\/strong> towards emerging markets. German-based company efcom, operating in emerging markets worldwide, is uniquely positioned to observe these changes. Importantly, implementing factoring strategies into new markets like India or MENA requires engaging with partners. <strong>Vikram Nair<\/strong>, CEO of Exilligence, said, \u201cThe reason why we partnered with efcom was because [they are] a clear industry leader in the factoring space with their software and solutions. Given our presence and experience in <strong>India<\/strong> and in the <strong>Middle East<\/strong>, <strong>GCC<\/strong> countries, we thought that there would be a seamless fit.\u201d<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 15pt; line-height: 2.0;\">Avell\u00e1n Borgmeyer added, \u201cWhen we look into markets like the Indian market, for instance, a huge and dynamic market, we don\u2019t say that efcom is going to do it alone, we look for partners like Xilligence, and we try to grow the market <strong>together<\/strong>.\u201d This strategic pivot, using partners to help enter emerging markets, is driven by the maturity of European markets, where factoring penetration has reached significant levels. For instance, Germany has achieved a factoring volume of <strong>10% of its GDP<\/strong>. In contrast, many emerging markets still exhibit low penetration rates, presenting vast growth opportunities.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 15pt; line-height: 2.0;\">Avell\u00e1n Borgmeyer said, \u201cIf you take any country outside Europe, like India, African nations, or the Gulf region, they all move in a very low single-digit range. We believe that within the <strong>next 10 years<\/strong>, all these economies will see a <strong>steep rise<\/strong> in development.\u201d Currently, the African continent only accounts for 1.2% of global volume, and the Middle East accounts for just 0.3% of the market. The attraction to these regions is not just about untapped potential; it is also about the intrinsic characteristics of factoring that align well with the needs of emerging markets. <\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 15pt; line-height: 2.0;\">Factoring provides immediate working capital, crucial for <strong>businesses in developing economies<\/strong> where access to traditional finance is often limited. Moreover, the emphasis on risk-sharing and the ethical considerations embedded in certain types of factoring, such as Islamic factoring, resonates well with these regions\u2019 cultural and economic contexts.<\/span>[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/5&#8243;][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/5&#8243;][\/vc_column][vc_column width=&#8221;3\/5&#8243;][vc_column_text css=&#8221;.vc_custom_1718724523125{padding-top: 20px !important;padding-bottom: 10px !important;}&#8221;]<span style=\"font-size: 25pt; line-height: 1.5;\">Adoption and development of Islamic factoring<br \/>\n<\/span>[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/5&#8243;][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/5&#8243;][\/vc_column][vc_column width=&#8221;3\/5&#8243;][vc_single_image image=&#8221;96942&#8243; img_size=&#8221;large&#8221; alignment=&#8221;center&#8221; css=&#8221;&#8221;][\/vc_column][vc_column width=&#8221;1\/5&#8243;][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/5&#8243;][\/vc_column][vc_column width=&#8221;3\/5&#8243;][vc_column_text css=&#8221;.vc_custom_1718783732337{padding-top: 20px !important;padding-bottom: 10px !important;}&#8221;]<span style=\"font-size: 15pt; line-height: 2.0;\">Islamic finance, governed by <strong>Sharia law<\/strong>, prohibits the charging of interest and emphasises risk-sharing, asset-backed transactions, and ethical investments. These <strong>principles<\/strong> form the foundation of <strong>Islamic factoring<\/strong>, a niche yet rapidly growing segment within the broader trade finance industry. <\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 15pt; line-height: 2.0;\">efcom\u2019s product, <a href=\"https:\/\/www.efcom.de\/en\/solutions\/ifx\/\" target=\"_blank\" rel=\"noopener\">ifX<\/a>, exemplifies these principles by offering a Shariah-compliant factoring solution. ifX covers the <strong>Wakalah Bi-Al Istithmar contract<\/strong> and is designed for seamless integration through numerous standard APIs. The product\u2019s <strong>cloud-based<\/strong> nature ensures accessibility from anywhere, enhancing its appeal to financial institutions in the MEA and APAC regions.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 15pt; line-height: 2.0;\">The potential for Islamic factoring is significant, given the economic growth and increasing sophistication of financial markets in the Gulf Cooperation Council (GCC) and other Muslim-majority regions like the Middle East and North Africa (MENA) region. Avell\u00e1n Borgmeyer said, \u201cToday, most of the finance done in Islamic countries is still in the Western style, but there is a <strong>growing tendency<\/strong> towards Islamic finance. In that respect, there is a <strong>big opportunity<\/strong> to provide a product that is appealing to the region.\u201d <\/span><\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 15pt; line-height: 2.0;\">Implementing Islamic factoring involves adapting existing technologies and workflows to meet Sharia requirements. This process includes <strong>developing new software solutions<\/strong> or modifying existing ones to accommodate the unique aspects of Islamic finance. The goal is to create flexible, scalable, and compliant products <strong>tailored to the specific needs<\/strong> of different clients and markets. By offering Sharia-compliant options, financial institutions tap into a growing market and contribute to the overall development and stability of the financial system in these regions. <\/span>[\/vc_column_text][vc_btn title=&#8221;Still have questions?&#8221; style=&#8221;outline-custom&#8221; outline_custom_color=&#8221;#eb9000&#8243; outline_custom_hover_background=&#8221;#eb9000&#8243; outline_custom_hover_text=&#8221;#ffffff&#8221; shape=&#8221;round&#8221; align=&#8221;center&#8221; css_animation=&#8221;fadeInDown&#8221; css=&#8221;&#8221; link=&#8221;url:mailto%3Asales%40efcom.de|&#8221;][\/vc_column][vc_column width=&#8221;1\/5&#8243;][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row css=&#8221;.vc_custom_1708334309580{margin-top: 45px !important;}&#8221;][vc_column width=&#8221;1\/5&#8243;][\/vc_column][vc_column width=&#8221;3\/5&#8243;][vc_single_image image=&#8221;96933&#8243; img_size=&#8221;large&#8221; alignment=&#8221;center&#8221; css=&#8221;.vc_custom_1718720657089{padding-top: 35px !important;}&#8221;][\/vc_column][vc_column width=&#8221;1\/5&#8243;][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/5&#8243;][\/vc_column][vc_column width=&#8221;2\/5&#8243;][\/vc_column][vc_column width=&#8221;1\/5&#8243;][\/vc_column][vc_column width=&#8221;1\/5&#8243;][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/5&#8243;][\/vc_column][vc_column width=&#8221;3\/5&#8243;][vc_column_text css=&#8221;.vc_custom_1718782857580{padding-top: 20px !important;padding-bottom: 10px !important;}&#8221;]An interview with Deepesh Patel from Trade Finance Global, Federico Avell\u00e1n Borgmeyer (Chief Partner Officer at efcom), Abdelrahman Elbeltagy (Islamic Finance Specialist at efcom) and Vikram Nair (CEO at Xilligence). &nbsp; Factoring&hellip;<\/p>\n","protected":false},"author":5,"featured_media":96934,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"yasr_overall_rating":0,"yasr_post_is_review":"","yasr_auto_insert_disabled":"","yasr_review_type":"","footnotes":""},"categories":[145],"tags":[181,140,183,182],"class_list":["post-96948","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-artikel-en","tag-efcom-en","tag-factoring-en","tag-future","tag-innovation-en","category-145","description-off"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Trade Finance Global: interview &amp; article - efcom gmbh | Proven and efficient standard software for factoring institutes<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.efcom.de\/en\/trade-finance-global-interview-article\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trade Finance Global: interview &amp; article - efcom gmbh | Proven and efficient standard software for factoring institutes\" \/>\n<meta property=\"og:description\" content=\"[vc_row css=&#8221;.vc_custom_1708334309580{margin-top: 45px !important;}&#8221;][vc_column width=&#8221;1\/5&#8243;][\/vc_column][vc_column width=&#8221;3\/5&#8243;][vc_single_image image=&#8221;96933&#8243; img_size=&#8221;large&#8221; alignment=&#8221;center&#8221; css=&#8221;.vc_custom_1718720657089{padding-top: 35px !important;}&#8221;][\/vc_column][vc_column width=&#8221;1\/5&#8243;][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/5&#8243;][\/vc_column][vc_column width=&#8221;2\/5&#8243;][\/vc_column][vc_column width=&#8221;1\/5&#8243;][\/vc_column][vc_column width=&#8221;1\/5&#8243;][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/5&#8243;][\/vc_column][vc_column width=&#8221;3\/5&#8243;][vc_column_text css=&#8221;.vc_custom_1718782857580{padding-top: 20px !important;padding-bottom: 10px !important;}&#8221;]An interview with Deepesh Patel from Trade Finance Global, Federico Avell\u00e1n Borgmeyer (Chief Partner Officer at efcom), Abdelrahman Elbeltagy (Islamic Finance Specialist at efcom) and Vikram Nair (CEO at Xilligence). &nbsp; Factoring&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.efcom.de\/en\/trade-finance-global-interview-article\/\" \/>\n<meta property=\"og:site_name\" content=\"efcom gmbh | Proven and efficient standard software for factoring institutes\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-19T08:17:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-19T11:52:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.efcom.de\/wp-content\/uploads\/2024\/06\/Foto_Deepesh_Federico_01.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"704\" \/>\n\t<meta property=\"og:image:height\" content=\"407\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"rasko.peric\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@EfcomG\" \/>\n<meta name=\"twitter:site\" content=\"@EfcomG\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rasko.peric\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.efcom.de\\\/en\\\/trade-finance-global-interview-article\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.efcom.de\\\/en\\\/trade-finance-global-interview-article\\\/\"},\"author\":{\"name\":\"rasko.peric\",\"@id\":\"https:\\\/\\\/www.efcom.de\\\/en\\\/#\\\/schema\\\/person\\\/a4d840c4773991aff51a17dcfcbe509d\"},\"headline\":\"Trade Finance Global: interview &#038; article\",\"datePublished\":\"2024-06-19T08:17:39+00:00\",\"dateModified\":\"2024-06-19T11:52:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.efcom.de\\\/en\\\/trade-finance-global-interview-article\\\/\"},\"wordCount\":1641,\"image\":{\"@id\":\"https:\\\/\\\/www.efcom.de\\\/en\\\/trade-finance-global-interview-article\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.efcom.de\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/Foto_Deepesh_Federico_01.jpg\",\"keywords\":[\"efcom\",\"factoring\",\"future\",\"innovation\"],\"articleSection\":[\"Article\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.efcom.de\\\/en\\\/trade-finance-global-interview-article\\\/\",\"url\":\"https:\\\/\\\/www.efcom.de\\\/en\\\/trade-finance-global-interview-article\\\/\",\"name\":\"Trade Finance Global: interview & article - efcom gmbh | Proven and efficient standard software for factoring institutes\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.efcom.de\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.efcom.de\\\/en\\\/trade-finance-global-interview-article\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.efcom.de\\\/en\\\/trade-finance-global-interview-article\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.efcom.de\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/Foto_Deepesh_Federico_01.jpg\",\"datePublished\":\"2024-06-19T08:17:39+00:00\",\"dateModified\":\"2024-06-19T11:52:41+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.efcom.de\\\/en\\\/#\\\/schema\\\/person\\\/a4d840c4773991aff51a17dcfcbe509d\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.efcom.de\\\/en\\\/trade-finance-global-interview-article\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.efcom.de\\\/en\\\/trade-finance-global-interview-article\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.efcom.de\\\/en\\\/trade-finance-global-interview-article\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.efcom.de\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/Foto_Deepesh_Federico_01.jpg\",\"contentUrl\":\"https:\\\/\\\/www.efcom.de\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/Foto_Deepesh_Federico_01.jpg\",\"width\":704,\"height\":407},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.efcom.de\\\/en\\\/trade-finance-global-interview-article\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Startseite\",\"item\":\"https:\\\/\\\/www.efcom.de\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Trade Finance Global: interview &#038; article\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.efcom.de\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/www.efcom.de\\\/en\\\/\",\"name\":\"efcom GmbH | The standard of factoring software\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.efcom.de\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.efcom.de\\\/en\\\/#\\\/schema\\\/person\\\/a4d840c4773991aff51a17dcfcbe509d\",\"name\":\"rasko.peric\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/d723124358818fdf352c57c3edc1ba719428e1ba6a6d22669604c7f2b647399a?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/d723124358818fdf352c57c3edc1ba719428e1ba6a6d22669604c7f2b647399a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/d723124358818fdf352c57c3edc1ba719428e1ba6a6d22669604c7f2b647399a?s=96&d=mm&r=g\",\"caption\":\"rasko.peric\"},\"url\":\"https:\\\/\\\/www.efcom.de\\\/en\\\/author\\\/rasko-peric\\\/\"},false]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Trade Finance Global: interview & article - efcom gmbh | Proven and efficient standard software for factoring institutes","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.efcom.de\/en\/trade-finance-global-interview-article\/","og_locale":"en_US","og_type":"article","og_title":"Trade Finance Global: interview & article - efcom gmbh | Proven and efficient standard software for factoring institutes","og_description":"[vc_row css=&#8221;.vc_custom_1708334309580{margin-top: 45px !important;}&#8221;][vc_column width=&#8221;1\/5&#8243;][\/vc_column][vc_column width=&#8221;3\/5&#8243;][vc_single_image image=&#8221;96933&#8243; img_size=&#8221;large&#8221; alignment=&#8221;center&#8221; css=&#8221;.vc_custom_1718720657089{padding-top: 35px !important;}&#8221;][\/vc_column][vc_column width=&#8221;1\/5&#8243;][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/5&#8243;][\/vc_column][vc_column width=&#8221;2\/5&#8243;][\/vc_column][vc_column width=&#8221;1\/5&#8243;][\/vc_column][vc_column width=&#8221;1\/5&#8243;][\/vc_column][\/vc_row][vc_row][vc_column width=&#8221;1\/5&#8243;][\/vc_column][vc_column width=&#8221;3\/5&#8243;][vc_column_text css=&#8221;.vc_custom_1718782857580{padding-top: 20px !important;padding-bottom: 10px !important;}&#8221;]An interview with Deepesh Patel from Trade Finance Global, Federico Avell\u00e1n Borgmeyer (Chief Partner Officer at efcom), Abdelrahman Elbeltagy (Islamic Finance Specialist at efcom) and Vikram Nair (CEO at Xilligence). &nbsp; Factoring&hellip;","og_url":"https:\/\/www.efcom.de\/en\/trade-finance-global-interview-article\/","og_site_name":"efcom gmbh | Proven and efficient standard software for factoring institutes","article_published_time":"2024-06-19T08:17:39+00:00","article_modified_time":"2024-06-19T11:52:41+00:00","og_image":[{"width":704,"height":407,"url":"https:\/\/www.efcom.de\/wp-content\/uploads\/2024\/06\/Foto_Deepesh_Federico_01.jpg","type":"image\/jpeg"}],"author":"rasko.peric","twitter_card":"summary_large_image","twitter_creator":"@EfcomG","twitter_site":"@EfcomG","twitter_misc":{"Written by":"rasko.peric","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.efcom.de\/en\/trade-finance-global-interview-article\/#article","isPartOf":{"@id":"https:\/\/www.efcom.de\/en\/trade-finance-global-interview-article\/"},"author":{"name":"rasko.peric","@id":"https:\/\/www.efcom.de\/en\/#\/schema\/person\/a4d840c4773991aff51a17dcfcbe509d"},"headline":"Trade Finance Global: interview &#038; article","datePublished":"2024-06-19T08:17:39+00:00","dateModified":"2024-06-19T11:52:41+00:00","mainEntityOfPage":{"@id":"https:\/\/www.efcom.de\/en\/trade-finance-global-interview-article\/"},"wordCount":1641,"image":{"@id":"https:\/\/www.efcom.de\/en\/trade-finance-global-interview-article\/#primaryimage"},"thumbnailUrl":"https:\/\/www.efcom.de\/wp-content\/uploads\/2024\/06\/Foto_Deepesh_Federico_01.jpg","keywords":["efcom","factoring","future","innovation"],"articleSection":["Article"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.efcom.de\/en\/trade-finance-global-interview-article\/","url":"https:\/\/www.efcom.de\/en\/trade-finance-global-interview-article\/","name":"Trade Finance Global: interview & article - efcom gmbh | Proven and efficient standard software for factoring institutes","isPartOf":{"@id":"https:\/\/www.efcom.de\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.efcom.de\/en\/trade-finance-global-interview-article\/#primaryimage"},"image":{"@id":"https:\/\/www.efcom.de\/en\/trade-finance-global-interview-article\/#primaryimage"},"thumbnailUrl":"https:\/\/www.efcom.de\/wp-content\/uploads\/2024\/06\/Foto_Deepesh_Federico_01.jpg","datePublished":"2024-06-19T08:17:39+00:00","dateModified":"2024-06-19T11:52:41+00:00","author":{"@id":"https:\/\/www.efcom.de\/en\/#\/schema\/person\/a4d840c4773991aff51a17dcfcbe509d"},"breadcrumb":{"@id":"https:\/\/www.efcom.de\/en\/trade-finance-global-interview-article\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.efcom.de\/en\/trade-finance-global-interview-article\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.efcom.de\/en\/trade-finance-global-interview-article\/#primaryimage","url":"https:\/\/www.efcom.de\/wp-content\/uploads\/2024\/06\/Foto_Deepesh_Federico_01.jpg","contentUrl":"https:\/\/www.efcom.de\/wp-content\/uploads\/2024\/06\/Foto_Deepesh_Federico_01.jpg","width":704,"height":407},{"@type":"BreadcrumbList","@id":"https:\/\/www.efcom.de\/en\/trade-finance-global-interview-article\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Startseite","item":"https:\/\/www.efcom.de\/en\/"},{"@type":"ListItem","position":2,"name":"Trade Finance Global: interview &#038; article"}]},{"@type":"WebSite","@id":"https:\/\/www.efcom.de\/en\/#website","url":"https:\/\/www.efcom.de\/en\/","name":"efcom GmbH | The standard of factoring software","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.efcom.de\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.efcom.de\/en\/#\/schema\/person\/a4d840c4773991aff51a17dcfcbe509d","name":"rasko.peric","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/d723124358818fdf352c57c3edc1ba719428e1ba6a6d22669604c7f2b647399a?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d723124358818fdf352c57c3edc1ba719428e1ba6a6d22669604c7f2b647399a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/d723124358818fdf352c57c3edc1ba719428e1ba6a6d22669604c7f2b647399a?s=96&d=mm&r=g","caption":"rasko.peric"},"url":"https:\/\/www.efcom.de\/en\/author\/rasko-peric\/"},false]}},"yasr_visitor_votes":{"stars_attributes":{"read_only":true,"span_bottom":"<div class='yasr-small-block-bold'><span class='yasr-visitor-votes-must-sign-in'>Sie m\u00fcssen sich einloggen, um eine Bewertung abgeben zu k\u00f6nnen.<\/span><\/div>"},"number_of_votes":0,"sum_votes":0},"_links":{"self":[{"href":"https:\/\/www.efcom.de\/en\/wp-json\/wp\/v2\/posts\/96948","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.efcom.de\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.efcom.de\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.efcom.de\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.efcom.de\/en\/wp-json\/wp\/v2\/comments?post=96948"}],"version-history":[{"count":7,"href":"https:\/\/www.efcom.de\/en\/wp-json\/wp\/v2\/posts\/96948\/revisions"}],"predecessor-version":[{"id":96953,"href":"https:\/\/www.efcom.de\/en\/wp-json\/wp\/v2\/posts\/96948\/revisions\/96953"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.efcom.de\/en\/wp-json\/wp\/v2\/media\/96934"}],"wp:attachment":[{"href":"https:\/\/www.efcom.de\/en\/wp-json\/wp\/v2\/media?parent=96948"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.efcom.de\/en\/wp-json\/wp\/v2\/categories?post=96948"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.efcom.de\/en\/wp-json\/wp\/v2\/tags?post=96948"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}