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Interview: Ceyla Pazarbasioglu on Financial Inclusion
Ceyla Pazarbasioglu spoke to Financial Times to discuss what she thinks of financial inclusion. She said it is the core mission of the World Bank, where she has been vice-president for equitable growth, finance and institutions since October of last year. In the Middle East and Africa, she says, fintech’s role in financial inclusion is seen as a...
Member News: Mastercard Champions Women Business Owners Throughout National Small Business Week and Beyond
Mastercard is helping share the stories of the women across the U.S. who are contributing over $3 trillion to today’s economy and opening over eighteen hundred businesses every single day. Today the company announced the launch of a national advertising campaign that puts the spotlight on women business owners who are driving impact. Mastercard is...
Joyce Tee, Managing Director and Group Head of SME Banking for DBS, Details the Importance of Insurance for SMEs During the SME Finance Forum 2018
During the Global SME Finance Forum 2018, Joyce Tee, Managing Director and Group Head of SME Banking for DBS Bank, encouraged SMEs to consider the necessity of insurance for their business. “Insurance has a way to actually cover a lot of [SMEs] risks. This is about how to make education, awareness of insurance that is accessible [and]...
Strategises to Increase Access to Markets for Women-Owned SMES in South Africa
In South Africa, there is a $49 billion unmet financing demand for women entrepreneurs. Corporations and banks can collaborate with women-owned enterprises and provide solutions to bridge the financial gap. In this IFC fact sheet, learn the key challenges faced by women entrepreneurs, how partners are collaborating for progress and ideas for...
World’s First Afro-Asia FinTech Festival to Focus on Sustainable Finance, Transforming Lives
Nairobi/Singapore, 7 May 2019 - The Central Bank of Kenya (CBK) and the Monetary Authority of Singapore (MAS) today announced the inaugural Afro-Asia FinTech Festival , to be held in Nairobi, Kenya, from 15 to 16 July 2019. Jointly organised by the two central banks, the Festival – the first of its kind globally – will provide a platform for...
Member News: Khan Bank Gets Financing Package from IFC
Through the partnership with Khan Bank - a SME Finance Forum member, IFC aims to strengthen the capital base of the bank and to promote financing support to micro, small and medium enterprises (MSMEs). The financing package entails subscription to a five-year US dollar-denominated green bond of up to $30 million, and provision of five-year sub-...
Banco Amazonas Joins 150 Other Financial Institutions to Promote SME Finance
Washington, D.C. May 7, 2019 –  Banco Amazonas became the newest member of the SME Finance Forum, a global membership network that brings together financial institutions, technology companies, and development finance institutions to share knowledge, spur innovation, and promote the growth of SMEs. “200 million businesses worldwide need financing...
Going Digital in Collections to Improve Resilience Against Credit Losses
Household debt is at an all-time high, delinquencies have been rising, and forward-looking macroeconomic indicators are softening. As a result, lenders are reexamining their capacities for handling delinquencies. Part of that reevaluation for heads of collections involves taking into account changes in the consumer landscape. For example,...
Survey Results: Savings and Retail Banking in Africa
Based on a survey of 34 WSBI Africa institutions in 2018, the 50-page report by WSBI’s Scale2Save Programme, a partnership between WSBI and Mastercard Foundation, finds that member banks offer a variety of transaction and savings accounts as part of their drive to attract and satisfy customers. But it also found their product and service mix still...
GRAB Financial Services Asia Joins 150 Other Financial Institutions to Promote SME Finance
Washington, D.C. May 3, 2019 – GRAB Financial Services Asia (GRAB) became the newest member of the SME Finance Forum, a global membership network that brings together financial institutions, technology companies, and development finance institutions to share knowledge, spur innovation, and promote the growth of SMEs. “200 million businesses...