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Afghan Tech Entrepreneur Uses Bitcoin To Empower Women

Still today, millions of women throughout the developing world don’t have access to institutional financial services because cultural stigmas linger long after the laws on the books recognize women’s rights.

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News

Global Annual Price Tag for SME Manual Administration Tasks: $600 Billion
This study for Sage looks at the cost to small and mediumsized enterprises of administration tasks, including both operational and regulatory requirements. Analysing a survey of over 3000 companies across 11 countries, we consider whether technology can be used to reduce this burden, and how governments can encourage its take-up. The report...
IFC Assists LBDI with Access to Agribusiness and SME Finance
IFC will provide specialized advisory services to the Liberian Bank for Development and Investment (LBDI) to develop scalable and sustainable agrifinance and support SMEs banking operations. The services will strengthen the bank’s risk management processes and tools; improve its customer value propositions including systems and products; and build...
IFC Survey Says Cut in Bank Ties has Depressed Legitimate Growth
The IFC released a report on how correspondent banking relationships — bilateral agreements to handle basic services such as remittances or letters of credit — are having the effect of shutting out households and SMEs from the global financial system. In a new survey of more than 300 of its banking clients around the world, the IFC found that more...
EBRD Promotes Belarus Local Currency Lending and Corporate Governance
The EBRD and Belarus are joining forces to improve the domestic investment climate and corporate standards, with new initiatives in the area of local currency lending to small and medium-sized enterprises (SMEs) and the commercialisation and governance of state-owned enterprises. During a visit by EBRD President Sir Suma Chakrabarti to Belarus,...
ICC and WTO Launch ‘Small Business Champions’ Initiative and Open Call for Proposals
A joint effort to facilitate participation by smaller companies in international trade was launched by World Trade Organization (WTO) Director-General Roberto Azevêdo and International Chamber of Commerce (ICC) Secretary-General John Danilovich. The initiative, entitled 'ICC-WTO Small Business Champions', will provide a platform for companies and...
Survey Results: Rules to Curb Money Laundering
A recent IFC survey confirmed what many of financial institutions have been concerned about for the last few years: The network of Correspondent Banking Relationships (CBRs) is under tremendous pressure. To address multiple sets of new, sometimes conflicting, compliance requirements emerging market banks are spending large amounts to upgrade their...
MES and DAK – The Fintech for MSME Development
MES & DAK, a finTech startup offering an ecosystem for capacity building and financial services to small businesses in Africa and Middle East, is among the 7 selected startups across Europe for EY Startup Academy. The 3 key problems affecting MSMEs in developing countries are: Access to Affordable Technical Assistance Access to Market Access...
Capital Mobilisation Challenge 2017
The Capital Mobilisation Challenge (Challenge) is a competition targeting small to medium size enterprises (SMEs) with a strong sustainable development focus and located in Cambodia, Indonesia, Philippines, Myanmar or Vietnam. The Challenge, which opens in September 2017, is being organised by SME Finance Forum member Unkapt in partnership with...
Member News: Mambu's SaaS Banking Engine Helps N26 Transform Operations
SME Finance Forum member Mambu, the SaaS banking engine, announced that its solution is being used by N26 to allow the Berlin-based mobile bank to integrate systems and quickly bring services to market in support of its growth strategy. Before N26 was granted a full banking licence in July last year, it used the services of a partner bank and then...
World Bank Project Expands Access to Finance for Women in Rural Mexico
To spur rural development, Mexico’s government and its Rural Financial Development Finance Institution (FND, Financiera Nacional de Desarrollo) approached the World Bank Group to help expand credit into the rural economy. FND works to strengthen local rural financial institutions to expand financial access to farmers and businesses and to...