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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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'Risky' SMEs Attracting Banks
From large banks to small ones, unique products are being developed to woo Small and Medium-sized Enterprises (SMEs). Though many banks are still uneasy to commit their money to SMEs, some progress is being made. With most banks having posted a drop in their net profits in six months to June 2017 and a dip interest income, they are cautiously...
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...
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...
Member News: Strands Expands in the United States with Huntington Bank on Board
Having collaborated on 600 product implementations with banks in some 36 countries to date, Strands’ rapid global expansion has now grown to incorporate an ambitious venture with U.S.-based bank, Huntington National Bank, reaffirming its presence in the North American market with the only fully-customizable digital money management solution in the...
Kenya’s biggest bank by customer numbers, Equity Bank, has closed 11 ATM lobbies, each of which had multiple cash dispensing machines. This is the lender’s effort to shift customers to alternative channels such as agency and mobile banking in a fresh cost-cutting strategy. Equity’s chief executive James Mwangi said ATMs require upfront capital...
Member News: Intesa Sanpaolo Launches Credit Partnership
SME Finance Forum member Intesa Sanpaolo, has partnered with SME lender iwoca to provide clients with credit products that will help SMEs obtain financing. The partnership coincides with an investment in iwoca by Neva Finventures, Intesa Sanpaolo’s fintech venture capital arm. Maurizio Montagnese, chief innovation officer at Intesa Sanpaolo, says...
IFC Lends R2.5bn to Help SMEs
IFC has provided sub-Saharan African SMEs additional finance. R2.6bn has been committed through the SME Push Program to FirstRand. The program’s primary focus is enabling job creation, and encouraging the banks to provide financing to a wider section of the SME market. Over the next five to seven years, the program aims to widen its network to...
Member News ADFIAP Awards Bank for MSMEs Programming
SME Finance Forum member, ADFIAP (Association of Development Financing Institutions in Asia and Pacific) hosted an Awards Night in Macau recently where DFCC Bank won an award under the SME Development category for setting up a specialized unit for development of MSMEs. In addition, DFCC Bank was recognized for being a Charter Member of the ADFIAP...
NIB, Landsbankinn Start Second SME Programme
A new seven-year loan programme has been signed by NIB and Iceland’s Landsbankinn hf. - the largest universal bank in the country. USD $75 million (EUR 66.5 million) will provide financing for small and medium-sized enterprises (SMEs) and environmental projects in Iceland. The fishing industry, real estate and tourism are three of several sectors...
SIDBI
Eight Regional Rural Banks and Urban Co-operative Banks have signed MOUs with SME Finance Forum member SIDBI (The Small Industries Development Bank of India.) In an effort to boost MSME financing, the new partnership will focus on increasing credit flow to the ‘missing middle’ – micro, small and medium enterprises (MSMEs) in the region. SIDBI also...