Articles

Keri Gohman, President of Xero Americas on How the Financial Web Is Rewiring Small-Business Economy

Keri Gohman, the President of Xero Americas spoke to the role of collaborative work in the financial services industry, and why small business banking in the U.S. required stronger ties between the tech and banking community to rewire small-business economy.

Articles

Articles

Have the Portfolio Diversification Strategies of Kenyan Microfinance Banks Failed?
In this blog Joyce Murithi and Wanjiku Kiarie analyze the financial performance of five select MFBs in Kenya from 2012 – 2016, analyzing key performance trends, providing insights with actionable recommendations to mitigate the challenges experienced across the industry. With the lessons learned over the past five years, a second transformation in...
Tony Elumelu: Africapitalists Builds the Continent's Future
Tony O. Elumelu, C.O.N, Chairman at Heirs Holdings in Nigeria, pens an article on how African entrepreneurs are being supported by financial services to create a strong economic system on the continent. He describes how his institution has supported more than 10,000 African entrepreneurs over the last 10 years with funding and mentoring. The...
Recommendations for Crafting a MSME Policy in India
Micro, Small and Medium Enterprises (MSMEs) continue to be citadels adorning the industrial map of India. The recommendations of Dr Prabhat Kumar Committee hold promise for unveiling a new chapter in the Indian business ecosystem for crafting a MSME policy. An enabling and integrated MSME policy for well-functioning and sick MSMEs will provide...
How to Get Collateral Free SME Loans in India
The inability to provide collateral has been a major hindrance for small and medium enterprises (SMEs) seeking loans to fund their working capital needs, finance their expansion or take advantage of growth opportunities. Although the government has been taking steps to provide the necessary financing to SMEs, traditional lending institutions offer...
Speakers’ Top Picks for BAI Beacon 2017
With more than 70 sessions spanning eight stages, BAI Beacon is so packed with content it can prove a challenge to decide which speakers and topics you should plan to attend. BAI Beacon's team asked the speakers themselves who they most look forward to hearing speak at the event. With the Oct. 4-5 conference just weeks away, see what our CEO Matt...
Grid Finance CEO Derek F. Butler has plans to revolutionise the way SMEs access capital in Ireland
SME lender Grid Finance’s CEO Derek F. Butler, shares how the company is expanding its offering to include a digital pension product targeted at the owners of small businesses. Grid will act as distributor and has engaged Conexim to provide the back office infrastructure on the product. The company is riding high after receiving a €3m equity...
Fintech Startups Can Help Banks Bridge the Gap in SME Lending in India
India’s more than 50-million strong SME sector, employs close to 40 percent of the country’s total workforce and contributes 45 percent of the total industrial output. While large banks and NBFCs have catered to SME loan requirements in the past, there is still a huge gap to be bridged between demand and supply. Akshay Sarma writes on how this can...
Artificial Intelligence and the Future of SME Lending
One of the struggles when lending to an SME is the cost that goes into making a lending decision. It is estimated that at regional and community banks, $4-5K in operational costs go into processing each loan under $100K, leaving very little margin for bad loan decisions. In fact, these small loans take nearly as much time and manpower to process...
Digital Credit: Data Sharing Can Improve Product Diversity
A more open, consumer-friendly data environment should benefit consumer welfare, competition and providers’ risk management strategies. Many lenders do not have sufficiently deep or comprehensive data to offer customized products that go beyond small-value loans for personal consumption (e.g., business loans to microentrepreneurs based on...
The Rise of Small Entrepreneurs in India
Lead economist at the World Bank, Ejaz Ghani, pens a blog on the rise of SMEs in India. SMEs account for over 95 percent of establishments and over 80 percent of jobs in the manufacturing sector in India. They are becoming increasingly prevalent and affect everything from poverty levels and shared prosperity to the allocation of activity in the...