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World Bank's Women Entrepreneurs Finance Initiative (We-Fi) Launched with Ivanka Trump, Donors

Just three months ago, at the G20 leaders’ summit in Hamburg, Germany,the creation of We-Fi, an innovative new facility to advance women’s entrepreneurship and help women in developing countries increase their access to the finance, markets, technology, and networks necessary to start and grow a business, was announced.

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Brazil's Central Bank Proposes Rules for Fintechs, Peer-to-Peer Lending
Brazil’s central bank recently proposed allowing fintechs to lend money, without taking deposits as commercial banks do, as part of new rules for the fast-growing fintech industry in Latin America’s largest economy, according to reports. The rules, which will be assessed in public hearings over the next two months, should not require congressional...
Survey Shows Late Payments Affect SME Cashflow
In partnership with BDRC Continental, Ultimate Finance conducted research into the impact of late payments on the SME sector. The figures showed that late payments cause cashflow problems for UK SMEs. The main political parties have said they plan to end the issue with legislation such as late payment reporting. Overall, 81 percent of SMEs state...
National Australia Bank Builds SME Lending Features
The National Australia Bank (NAB) is looking to build business outside of home loans, mostly in SME lending. A recent report in The Australian revealed news that the NAB is adding new features to its small business lending unit, QuickBiz, in an effort to build market share. According to reports, NAB is rolling out an extension of the online...
People's Bank of China Calls Upon Fintech for Transaction Monitoring
The People’s Bank of China wants fintech firms to pitch in on a government-controlled monitoring system to watch over financial transactions on the internet. Sun Gouofeng, director of general of the Bank’s research institute says it is unfair for taxpayers’ money to cover the costs arising from heightened regulation on fintech businesses. Making...
Fintech Leaders Sought for Industry Transparency
Fintech leaders are wanted to bring transparency in the Australian small business sector. Ombudsman Kate Carnell launched a research project this week with FinTech Australia and independent SME finance expert Neil Slonim from theBankDoctor.org. The project will survey fintech small business lenders to identify industry best practice to help SMEs...
MAS to ease rules on finance companies to help SMEs obtain funds
The Monetary Authority of Singapore (MAS) announced it will relax some business restrictions on finance companies to help small- and medium-sized enterprises (SMEs) obtain financing. This comes a day after the central bank announced that it would take measures to strengthen the financing channels for next-generation Asian growth companies and...
Fintech Regulators Should Foster International Cooperation & Information Exchange
Bank regulatory bodies need to coordinate their strategies for dealing with emerging financial technology at a global level, says a new report from International Organization of Securities Commissions (Iosco). The Iosco Research Report on Financial Technology highlights the growing intersection between fintech and securities markets across a...
Africa Development Bank and Alliance for African Financial Inclusion sign agreement to promote financial access
The African Development Bank (AfDB) and the Alliance for Financial Inclusion (AFI) have signed an agreement signed to enhance access to quality financial services on the continent. The agreement aims to create a collaboration framework to promote financial inclusion in Africa. This partnership is aligned with the Bank’s High 5 priorities and the...
Australia: Should small business loans be capped at $1 million? Banks questioned over lending practices
This week’s inquiry into small business loan practices saw the big four banks in the spotlight yet again this year, and the focus was on loan limits, communication and fairness. Small Business and Family Enterprise Ombudsman Kate Carnell grilled senior management from the Commonwealth Bank, ANZ, NAB and Westpac on Tuesday and Wednesday, asking for...
Commission gives boost to start-ups in Europe
The Commission's Start-up and Scale-up Initiative aims to give Europe's many innovative entrepreneurs every opportunity to become world leading companies. It pulls together all the possibilities that the EU already offers and adds a new focus on venture capital investment,insolvency law and taxation