Articles

Solving the SME AML De-Risking Burden Using the Blockchain

SMEs that must be de-risked are experiencing issues with access to finance, however blockchain may be the answer to their problem. Dubai-Based Global Anti-Money Laundering, Risk, Governance and Compliance Professional, Maureen M., explores the benefits of blockchain and their ability to transform how SMEs are perceived by financial institutions (FI).

Articles

Articles

Interview with Kelvin Teo & Reynold Wijaya Co-Founders of Funding Societies | Modalku, a Company Supporting SMEs
Kelvin Teo, Top 200 FinTech Influencers in Asia recipient, and Reynold Wijaya, Forbes 30 under 30 recipient are both Harvard Business School graduates and co-founders for the company Funding Societies | Modalku. Funding Societies | Modalku is Southeast Asia’s largest peer-to-peer financing platform geared towards supporting SMEs grow their...
Sustainability Strategies are Vital for SMEs
In this article, sustainability strategies are discussed and how they can improve SMEs. Cost and time have proved to be a deterrent for SMEs initial involvement in the process. According to the article, a good strategy includes: economic, environmental and social performance goals. The elements attached to each are listed below: Economic...
Solving the SME AML De-Risking Burden Using the Blockchain
SMEs that must be de-risked are experiencing issues with access to finance, however blockchain may be the answer to their problem. Dubai-Based Global Anti-Money Laundering, Risk, Governance and Compliance Professional, Maureen M., explores the benefits of blockchain and their ability to transform how SMEs are perceived by financial institutions (...
The Cost of Being Poor: Is Fintech the Answer?
In the UK 1.5 billion adults are “unbanked” according to Ronnie Lavie, Managing Editor for the Fintech Times. A vicious cycle, of financial exclusion has interrupted lower-income populations from enjoying the benefits from the fintech industry. Sofie Blakstad, Founder and CEO of financial trust platform ‘Hiveonline’ shared, “Wealth disparity is...
Will the Promotion of Arab Women as Entrepreneurs Make a Difference?
One in three start-ups in the Arab World is led by women—a higher rate than in Silicon Valley, according to an IFC article. Improving access to finance and promoting digital platforms are key to helping them succeed. The article says that many entrepreneurs from the region believe that technology is one of the few spaces where everything is viewed...
Women Entrepreneurs in Vietnam Get a Fair Shot with Financing
Commercial Joint Stock Bank (VP Bank) invested in Ho Thi Hai Ngan, a woman entrepreneur looking to expand her electronics shop. With capital as one of the larger challenges faced by SMEs, women are challenged at a much larger rate when “lender biases,” according to the article, are being added to the picture. VP Bank decided to be the change and...
Central Bank of Nigeria Emphasizes Increase for Credit Culture for SMEs
During a workshop for SMEs, hosted by the Bankers’ Committee, Central Bank of Nigeria’s (CBN) Senior Manager for the Development Finance Department, Chinedu Zephaniah shared that poor business habits and fragile financial systems have made it complicated to support SMEs. “At the moment, we have disbursed N170 billion to support SMEs but the...
SME Financing: When Micro Becomes Too Small
SMEs in developing countries have had great success due to microfinance. Growth in income and employment are a few of the key benefits SMEs have experienced. Katharina Sommerrock, Philanthropy Advisor at LGT writes for Finews.asia. However, these benefits are short-lived due to limited financial opportunities for SMES in developing countries. They...
How SMEs Can Win The Battle For Positive Cash Flow
SME expert and Forbes contributor Elaine Polfeldt provides tips and tools to help SMEs beat the odds of financial downfall within the first and fifth year of business. Polfedt, says making a financial plan in advance to prevent unfavorable results is key. She mentions utilizing financial software tools such as, Quickbooks, PayPie and Xero (a SME...
Building Financial Discipline at an SME
Dev Raman, Managing Partner at Lastaki shares how to make the many moving parts to an SMEs financial area come together smoothly. Financial stability is key for SMEs, five tips on how to address financial indiscipline are below: Ensure strong fundamentals. Manage the predictability/margins trade-off optimally. Don’t buy turnover by using your...