Issue link: https://maltatoday.uberflip.com/i/1056422
maltatoday | WEDNESDAY • 28 NOVEMBER 2018 11 BUSINESS www.creditinfo.com.mt info@creditinfo.com.mt Tel: 2131 2344 Your Local Partner for Credit Risk Management Solutions Supporting you all the way IT is always a marked challenge for start-ups to raise finance, given their innate characteris- tics and unproven track record. "Even when start-ups suc- ceed in building up a good case for finance, collateral require- ments and cost of funding tend to be inhibitors to access such funds," said Albert Frendo, Chief Business Development Officer (Credit) at Bank of Val- letta, while addressing 'Start- Up Strong – Access to Finance' – a seminar for SME's organ- ised by The Malta Chamber of Commerce Enterprise and Industry as part of SME Week Malta 2018. Frendo said that for the past years Bank of Valletta has been managing and offering risk-sharing instruments ear- marked to assist SMEs raise fi- nance with particular emphasis on small and micro SMEs and start-ups. Over 40% of Jaime's loan portfolio – the latest risk sharing instrument managed by Bank of Valletta, has been allocated to entities that has been in operation less than two years. "It is always a good idea to choose a bank that has the expertise to provide you with specialised assistance designed specifically to meet your finan- cial needs," he said. "Advanta- geous rates, feasible repayment schedules and advice on possi- ble EU Funding are some of the features to consider when se- lecting your financial partner." Bank of Valletta's services are designed to meet the needs of high-growth start-ups with banking solutions to fit im- portant stages of the corporate journey, helping them to go to market faster from the concept stage. Expert advice, based on years of experience in the sector can act as a catalyst to your busi- ness growth as well as help- ing in separating personal and business financing. BOV's specialised SME Fi- nance Unit can be contacted on +356 2275 1529 or by email at smefinance@bov.com Starting up strong in finance? Albert Frendo, Chief Business Development Officer (Credit) at BOV MALTA is renewing its posi- tion of host for the second edi- tion of the European Fantasy Sports Summit (EFSS), pre- sented and produced by the GamingMalta Foundation, and which is being held on the second day of the Summit of iGaming Malta (SiGMA). This year's EFSS will show- case an international string of Daily Fantasy Sports evange- lists and business owners who will delve into the emerging issues surrounding DFS and give their audience plenty of insight into what the future holds for the sector. One of the most high-profile speakers for the event is Jef- frey Haas, Chief International Officer at DraftKings, who will initiate a discussion on the challenges and opportuni- ties in the DFS sector. He will later be joined by Hampus Hagglof, CEO for FSport AB, in a panel session on emerging themes in DFS. "The EFSS provides a terrific chance for sports providers and operators to get together to discuss the topics at hand, and also for the audience to become fully informed on all goings-on in the fantasy sports sector during one ses- sion,'' Hagglof said. "We'll be tackling how the fantasy concept can be ap- plied to several sports, start- ing with American football and expanding into baseball, ice hockey, formula one, cricket, and cycling, among others. Furthermore, we'll ex- plore how fantasy sports fits alongside the standard offer- ing of gambling operators." Other topics on the sum- mit's agenda include: 'DFS players as customers for online gaming', 'Engag- ing the millennial generation through innovation', 'Fantasy sports of the next generation', and 'Fantasy sports as the ul- timate customer acquisition tool'. "We are delighted to be hosting and producing the second edition of the Euro- pean Fantasy Sports Summit at SiGMA. ''Having a dedicated event that highlights the emerging themes and focuses on future- proofing the DFS sector in Eu- rope also positions Malta as a jurisdictional thought leader," Ivan Filletti, Head of Opera- tions and Business Develop- ment at GamingMalta, The European Fantasy Sports Summit is taking place tomorrow at 2.30pm, at the MFCC in Ta' Qali. Fantasy sports in Europe is tackled at SiGMA Ivan Filletti, Head of Operations and Business Development at GamingMalta European Fantasy Sports Summit 2017