BNP Paribas Factoring unifies operations on Lendscape platform

BNP Paribas Factoring has announced a strategic move to consolidate its pan-European and North African operations onto the Lendscape Receivables Finance platform. This decision aims to optimise customer and employee experiences, support the bank’s growth strategy, and continue delivering best-in-class services. By leveraging Lendscape’s advanced technology, BNP Paribas Factoring aims to provide over €25 billion of funding to its 12,000 SME and corporate clients across Western Europe.

“With Lendscape at the core of our lending operations, our clients across markets can be assured of receiving the best possible customer experience and innovative, flexible funding solutions that will meet their needs. We’ve built a strong relationship with the Lendscape team; they have a successful track record and we can trust their technology to offer the high level of reliability and flexibility we require,” said Lionel Joubaud, Global Head of the Factoring Filière, BNP Paribas.

The partnership between BNP Paribas Factoring and Lendscape is built on a foundation of trust and proven success. Lendscape, a leading technology provider for secured business finance, offers a platform that supports a range of working capital and asset finance solutions. This includes factoring, invoice discounting, supply chain finance, and asset-based lending. With over 50 years of experience, Lendscape has designed and delivered secured lending technology to over 40 markets globally.

Kevin Day, CEO of Lendscape, commented, “BNP Paribas are focused on delivering industry-leading funding experiences that support their clients’ growth. The Lendscape platform will give them the agility to offer tailored financing solutions and a consistent experience across markets, while reducing the complexity involved in managing multiple systems. We’re delighted to expand our relationship with BNP Paribas and look forward to continuing to help them deliver truly customer-first financing.”

BNP Paribas Factoring’s move to consolidate its operations on the Lendscape platform is a testament to its commitment to growth and innovation. The bank’s extensive global network and its capacity to offer sustainable factoring solutions uniquely position it in the market. By responding to clients’ expectations for short-term financing solutions, BNP Paribas Factoring supports their growth strategies while leveraging the bank’s extensive global network.

This strategic consolidation is not just about technological advancement but also about maintaining a high level of service quality and reliability. As Lionel Joubaud emphasized, the strong relationship with the Lendscape team and their successful track record are crucial factors in this decision. The move is expected to further strengthen BNP Paribas Factoring’s position as a market leader in Europe and North Africa, ensuring that clients receive the best possible financing solutions tailored to their needs.

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