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Member News: AMP Credit Technologies to Unveil Newest Version of CAIROS™ Lending Suite
AMP Credit Technologies announced today the unveiling of the latest version of its proprietary Credit Analysis Information & Risk Operations System (“CAIROS™”) loan origination and portfolio servicing platform. CAIROS version 5.0 will be officially released to the public at the G-20’s Global SME Finance Forum 2017 in Berlin, 1st November 2017...
Spotcap Has Now Provided €120 Million in SME Credit Lines
In three years, online lender Spotcap has issued more than €120 million in credit lines to small and medium-sized enterprises (SMEs). The fintech also raised an additional €22 million of funding from its existing investor network. It has now raised €100 million of investment since its launch in September 2014. Jens Woloszczak, Spotcap Founder and...
Member News: Standard Chartered Bank Launches 'Women For Tech’
SME Finance Forum member Standard Chartered Bank has launched an Incubation program that seeks to finance women entrepreneurs in the ICT sector. According to reports, the program is a part of a joint partnership with iLab Africa, a division of Strathmore University. The incubation hub, called ‘Women For Tech’ is targeting women entrepreneurs who...
Digital Innovations in Smallholder Agricultural Insurance
Index-based agricultural insurance emerged as a potential solution to the logistical challenges that have limited smallholders’ access to insurance, according to CGAP. This type of insurance calculates payouts using an index figure that is highly correlated with loss caused by an insured risk, such as a drought, flood or pests. However, the...
Bangladesh Defaulted Loans Amount to 12% of the GDP
The persistent increase in bad loans has crippled Bangladesh’s banking sector, mostly affecting the state-owned banks. However, loan defaults in the small and medium enterprise (SME) sector have been low, BB data showed. But, the amount of defaulted loans could rise this year as floods have affected the low-lying regions of the country, experts...
Beyond Fintech: Leveraging Blockchain for More Sustainable and Inclusive Supply Chains
Globalization has made supply chains significantly more complex, involving multiple players from around the world and a great deal of coordination. This increases the cost of operating these global networks—with goods and services channeled across emerging and advanced economies. In this brief publication, the author uses a case study for...
P2P Lending is Now a Regulated Activity in India
And they're out! P2P lending is now a regulated activity in India. https://lnkd.in/fUGDuet 1) The guidelines clarify that P2P is restricted to activities between individuals, providing relief to hybrid models who also work with banks and NBFCs,. However, credit enhancements are prohibited, and while this is sensible for individuals, clarity is...
SME Growth Watch 2017-2018 from Hampshire Trust Bank
New research by the Centre for Economics and Business Research (Cebr) and Hampshire Trust Bank, predicts that SME contributions to the UK economy will grow by 19 percent from 2016 to 2025. In 2016, SME employment across ten cities considered in the report were around 3.9 million. In 2025, the researchers expect the number to increase by one...
Credit Bureaus: Our Data Is Their Product
The recent Equifax data breach left many of us thinking about larger issues. “What value do the three big ratings bureaus, Equifax, Experian and TransUnion, provide today in our emerging digital economy? Not only do these agencies dangle the sword of Damocles over our creditworthiness, they each rely on nearly identical metrics to do so,” says...
Africa Promotes Women Entrepreneurs Better Than Silicon Valley
In this article, Entreprenuer reports that despite the tech industry’s progressive reputation, its track record for hiring, promoting and funding women is bleak: Only 17 percent of American startups have female founders. However, halfway across the globe in tech hubs like Lagos, Nigeria, and Nairobi, Kenya, 46 percent of African ventures have a...