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...
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...
Mandatory Bank Referral Scheme has Delivered £4m to Small Businesses
More than 8,100 SMEs have been referred under the Alternative Business Funding (ABF), which means that less than 3 per cent of those rejected by the banks are finding funds elsewhere. Small businesses are a driving force in the UK economy, and £3.8m that has been arranged on their behalf under the bank referral scheme so far. In the beginning, the...
What Should Financial Institutions Do to Enhancing Access to Finance for Women Entrepreneurs
This blog characterizes women entrepreneurs and analyzes the ways they limit their own access to finance, as well as the limits placed by financial institutions. Offering a business case, the writers look at how financial institutions can leverage an under acknowledged success of women-own enterprises. Most women entrepreneurs rely on their own...
Kailash Baheti, CFO, Magma Fincorp Talks SME Expansion
Kailash Baheti is the Chief Financial Officer of Magma Fincorp in India. As he helps strategize the company’s future growth, his responsibilities include planning for, and controlling the capital and revenue expenditures, while continuously working towards achieving the planned profitability and looking at acquisition opportunities for inorganic...
Emirates Islamic Bank Leverages Blockchain To Reduce Cheque Fraud
Emirates Islamic Bank has integrated blockchain technology into cheques to strengthen their authenticity and minimize potential fraud. Referred to as ‘Cheque Chain,” the bank, like others are looking at opportunities to increase efficiency, cut costs and improve customer services. New business opportunities are also presenting themselves,...
FinTech Startups Need a Localized Approach to SME Lending
The focus of the entire product design of digital lending platforms and fintech startups, needs to shift towards interaction led rather than merely being transactional in nature. Banks have traditional had an advantage over other financial service institutions because banks are viewed as trusted advisors to the customer. In order for fintech to...
Zaw Lin Aung
KBZ Bank or Kanbawza Bank has more than 470 branches throughout Myanmar, with plans to grow its division devoted to SMEs. Running for a year, the new initiative uses credit guarantee insurance to attract borrowers, offers client banking training and has improved its IT operations to better serve SMEs. More than 90 percent of the country’s...
AGF Executive Shares His Strategy for SME Financial Assistance
The African Guarantee Fund’s (AGF) chief executive Felix Bikpo talks about their strategy to assist SMEs. Stating the main problem for SMEs as access to finance, Bikpo says their guarantee facility assists financial institutions in covering the risks often associated with SMEs financing. AGF’s activities have improved the SME sector in recent...
Bring momentum in SME financing for inclusive growth
The aggregate increase in per capita income of a country does not necessarily ensure poverty reduction, particularly in a developing economy like Bangladesh. According to the World Bank data, the per capita income in the Dominican Republic between 2000 and 2010 increased 3.62 percent and the poverty indices rose 2.07 percent. In Egypt, the per...