DS-Concept Company Overview

DS-Concept attends HKTDC SmartBiz Expo in Hong Kong

Business and technology were the talk of the town at the HKTDC SmartBiz Expo in Hong Kong on December 6 through 8, 2017—and DS-Concept was there to contribute to the cause.

The expo, organized by the Hong Kong Trade Development Council and held at the Hong Kong Convention and Exhibition Centre, catered to SMEs and examined trends in business transformation as well as ways to elevate your business through innovation, technology and design, and market opportunities.

Mr. Clifton Tong, head of DS-Concept Hong Kong, spoke on how SMEs can effectively finance their business endeavors in his presentation on cash flow management for international trade. International cash flow solutions offered by DS-Concept solve the challenges of small and medium-sized enterprises, who often have limited assets, unique currency needs, and a high-demand for readily-available liquidity, all of which traditional bank loans cannot accommodate.

Other members of the DS-Concept team were in attendance, including Goobi Mak and Vicky Ng of the Hong Kong office, and Brian Dowd of the New York division. The team enjoyed meeting with local SMEs, consultants and representatives of different trading associations from countries like Thailand and Cambodia. They exchanged market information with other service providers in the supply chain finance industry, such as local and Chinese banks (who they often work alongside of) and fintech companies. DS-Concept also caught up with clients and business partners like Euler Hermes and Coface who were gathered at the event.

Broken down into six thematic solution-based zones, such as “Techtopia,” which showcased technologies to help SMEs revolutionize their business, and “The Boosters,” which offered business techniques to hone their competitive edge, the expo was bursting with big ideas for small and medium-sized enterprises to take home and move their businesses forward. DS-Concept was not only able to provide its own trade finance solutions, but it also gained exposure in the local market and gleaned insights from others in the industry.

Major exhibit categories at the event included artificial intelligence, virtual reality, robotics, autonomous vehicles, e-commerce, drones and eco-tech. With businesses already reacting to these technologies, the expo—with the help of DS-Concept—prepared SMEs to keep up with the times, because they’re certainly changing. Find out more about our trade finance services by visiting ds-concept.net.

 

DS-Concept Bangladesh co-sponsors and presents at the 36th International Footwear Conference

DS-Concept proudly co-sponsored and presented at the 36^th International Footwear Conference 2017 held at the Westin Hotel in Dhaka on November 14-16. Soheil Zali, Country Manager of DS-Concept Bangladesh, discussed pre-shipment finance and how footwear exporters can overcome the cash flow challenge with the help of modern trade finance strategy, like that of DS-Concept.

For the first time, Bangladesh was home to the conference, which is an initiative of the Confederation of International Footwear Association (CIFA). The Leather goods and Footwear Manufacturers and Exporters Association of Bangladesh (LFMEAB) hosted the event.

The conference invited 16 Asian footwear associations and a number of footwear producers in CIFA member countries which include China, Cambodia, Vietnam, India, Hong Kong, Indonesia, Japan, Malaysia, Philippines, South Korea, Thailand, Myanmar and Taiwan. Find out more about the conference and DS-Concept.

 

 

DS-Concept hosts joint lunch seminar with Euler Hermes in Reykjavík, Iceland

DS-Concept and credit insurer Euler Hermes joined forces and hosted a lunch seminar on October 19 at the Ocean Cluster in Reykjavík, Iceland. The two entities presented trade finance solutions and credit insurance options to an audience of wholesalers, retailers, traders, processors, and farmers in the seafood industry.

At the event, DS-Concept shared its expertise on export factoring, supply chain finance, post-shipment vendor finance, inventory and procurement finance within the seafood sector. It outlined the benefits of such financing and illustrated its ability to tailor cash flow options for its clients.

The venue, the Ocean Cluster, is a hub for the marine industry and was a perfect spot for the participants to network, brainstorm, and exchange ideas tailored to the fish marketplace.

DS-Concept has been a leading provider of financing to the seafood industry for the past decade. We offer streamlined services combining credit protection, financing, and collections into a single trade finance facility and can structure facilities in multiple currencies if needed.

We provide assistance with local experts from the seafood and logistic industries and have on-site staff operating in the local language and time zone. Our international network is valuable to our customers who benefit from our local experts when entering new markets. Find out more about our trade finance services by visiting ds-concept.net.

 

 

DS-Concept hosts breakfast seminar during the Anuga show in Cologne

DS-Concept was pleased to participate in this year’s Anuga, the world’s biggest trade fair for the global food and beverage industry, that took place in Cologne, Germany last week. The fair brings together food retailers, supply chain entities, and top buyers from leading global trading companies. The show attracted more than 7,400 companies from 107 countries and an estimated 165,000 trade visitors from 198 countries.

Together with DEG, a peer in the financing arena, DS-Concept hosted a series of lectures that drew executives from within the food industry around the world. Leaders of DS-Concept discussed topics including international funding solutions and ways to approach large buyers. The event was capped with Q&A and experience sharing with buyers and sellers of the food industry.

The event, held at the Radisson Blu Hotel in Cologne, coincided with the efforts of the larger marketplace, where customers came looking for new sourcing opportunities and businesses addressed their customers in real-time, sometimes settling contracts on the spot. The event was a success and attendees enjoyed learning about trade finance techniques to compete in today’s international marketplace. Find out more about our trade finance services by visiting ds-concept.net.

 

DS-Concept Attends a Conference Organized by the Panhellenic Exporters Association in Athens, Greece

DS-Concept was cordially invited as a guest lecturer at a conference that was organized by the Panhellenic Exporters Association, the main export organization in all geographic regions of Greece. The conference took place at the Grand Bretagne Hotel in Athens on June 21.

The discussion focused on solutions in exiting the crisis in Greece, centering on particular sectors such as investments, tourism, exports, financial sector, transport, energy and logistics. Managing Director of DS-Concept Bulgaria, Borislav Tzvetanov, accepted the invitation and held a presentation on international trade finance and provided additional information related to Greek exporters.

The conference was inaugurated by State Minister, Dimitris Tzanakopoulos, and attendees included: Greek exporters, ministers, government officials as well as ambassadors from various European Union countries.

Find out more about DS-Concept trade finance services by visiting www.ds-concept.net

DS-Concept Attends the Global Factoring Summit in Mumbai, India

DS-Concept attended a Global Factoring Summit organized by ASSOCHAM (The Associated Chambers of Commerce and Industry), in partnership with FCI on May 5^th 2017 in Mumbai, India. The event promoted factoring services in India and created a learning experience of factoring to stakeholders both locally and internationally. DS-Concept continues to be in the forefront as a global commercial finance company by providing innovative cash flow solutions tailored for global exporters and importers. Focused on the small and mid-market, its core products are non-recourse export factoring and supply chain finance. DS-Concept was pleased to share its expertise and promote its services that help businesses experience faster growth and compete for larger buyers by offering open account payment terms.

The DS-Concept Group maintains a network of offices and affiliates all over the world, including USA, Bulgaria, Hungary, Turkey, Pakistan, Bangladesh, Spain, UK, China and the United Arab Emirates as well as the headquarters in Germany. Combining credit protection, collections, and financing into a single suite of trade finance products, DS-Concept brings streamlined, flexible and best-in-class services to the world’s exporters.

Find out more about DS-Concept trade finance services by visiting www.ds-concept.net

DS-Concept Turkey Strengthens Partnership with Euler Hermes

Euler Hermes, the worldwide leader in trade credit insurance, announced its strategic partnership with Germany’s leading finance corporation DS-Concept, at an event hosted by Turkish Clothing Manufacturers Foundation (TGSD). With the partnership between Euler Hermes and DS-Concept, there will be $1 billion of funds created for Turkish exporters and they will be able to trade safely.

At the event, Euler Hermes Turkey CEO Özlem Özüner evaluated the economic outlook in Turkey and worldwide and shared insights about the sector and said, “In 2017, we expect Turkey’s current export markets to improve, which would lead to the decrease in procurement committees’ worries so they can come back to Turkey. In his presentation, DS-Concept Group Vice President Rene Pastor said, “Several unfortunate events have negatively affected Turkey’s economy—exports were at $157 billion in 2014, but then in 2016, they fell back to $142 billion. In a period like this, I believe our partnership with Euler Hermes will allow Turkish exporters to take a breath. This strategic partnership falls into a period in which there are cold winds passing between Turkey and Europe, and through it, we hope to create additional funds of $1 billion for Turkish exporters.” TGSD President Şeref Fayat stated that the ability to find funds at a painful time is very important and that thanks to the strategic partnership between DS-Concept and Euler Hermes, exporters will reach the funding they need fast, safely and with favorable conditions.

In order to support exports, DS-Concept will be appointed as “loss payable” to the policy made between Euler Hermes and the exporter. Following that, the amount of exports claimed from debtors will be deducted and therefore exporters will be paid in cash. This way, “early collection” will be possible within the scope of the insurance coverage limits for shipments made to buyers, making cash flow and working capital opportunities.

 

DS-Concept Expands Offerings in Peru

Earlier this year, as a member of the German-Peruvian Chamber of Commerce, DS-Concept participated in the panel that kicked off the new German Desk Peru. The German Desk Peru is a joint initiative of DEG–a German based association for economic cooperation–Banco Financiero and the German-Peruvian Chamber to assist small and middle-market German companies and their local trading partners with financial support and solutions. The range of services extends from setting up accounts through services for financing trade and transaction banking, to credit lines or investment financing for local companies. German and Peruvian companies can therefore benefit from the combined network of the bank, the Chamber and DEG. This initiative will also constitutes an important instrument for providing the Peruvian economy, in particular SMEs, with an access to innovative technologies.

DS-Concept is honored to be able to contribute to this new initiative by offering innovative international cash flow solutions tailored for Peruvian exporters. Focused on the small and mid-market, its core products are non-recourse factoring and supply chain finance. The group has built an unrivaled reputation for the depth of its international finance expertise and capabilities by maintaining a network of 15 offices and affiliates around the world including its headquarters in Germany. Combining credit protection, collections, and financing into a single trade finance facility, DS-Concept offers streamlined, flexible and best-in-class services for small and mid-sized exporters.

DS-Concept CEO Ansgar Hutten on the German Desk Peru panel in Lima, Peru

Find out more about DS-Concept trade finance services by visiting www.ds-concept.net

DS-Concept at the CFO Middle East Awards

Over 150 finance leaders gathered last Sunday at the Ritz Carlton Hotel in Dubai for The CFO Middle East Awards. The event celebrated organizations and individuals who have showed outstanding performance and leadership in the field of finance across a variety of industries.

Ankit Goel, Managing Director of DS-Concept Intelligent Trade Finance Ltd., presented the CFO of the Year in Retail and Best Advisory and Consultancy Firm awards. The award winners were respectively Asif Keshodia with Souq.com and Deloitte.

Find out more about DS-Concept trade finance services by visiting www.ds-concept.net

DS-Concept Germany Appoints Ingo Dierkes as Senior Vice President of Sales

Mönchengladbach, Germany- DS-Concept Germany a leading provider of international trade finance and factoring, today announced the appointment of Mr. Ingo Dierkes as Senior Vice President of Sales. Mr. Dierkes will be responsible for sales of all of DS-Concept’s financial products, including cross-border non-recourse factoring, reverse factoring, and trade finance for small and middle market companies. In his new role, he will oversee sales and business development in Germany and Europe.

Prior to joining DS-Concept, Mr. Dierkes worked as a wholesale trader and foreign commercial agent where he was active in worldwide sales activities focusing on trade to and within Europe, South America, Middle East and Asia for more than 35 years. Mr. Dierkes has also served as export sales manager for multiple multinationals and as a result ample experience in the packaging, printing, pharmaceutical, plastics, steel, electrical, construction and oil & gas sectors.

“Ingo has a deep understanding of the very specific trade finance needs of multiple industries,” states Ansgar Hütten, Executive Director of the DS-Concept Global Group. “We are excited to welcome another expert of international trade to the growing global team.”

Mr. Dierkes speaks German, English, French and Italian.

The DS-Concept Group maintains a network of offices and affiliates all over the world, including USA, Bulgaria, Hungary, Turkey, Pakistan, Bangladesh, Spain, UK, China and the United Arab Emirates as well as the headquarters in Germany. Combining credit protection, collections, and financing into a single suite of trade finance products, DS-Concept brings streamlined, flexible and best-in-class services to the world’s exporters.