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Articles

SME Finance Forum CEO Talks Financial Inclusion for SMEs at the WBAF Ministerial Roundtable
SME Finance Forum CEO, Matthew Gamser, recently explained why the G20 cares about financial inclusion (and has since its inception), and why SME access to finance always has been included in its work on inclusion. Gamser offered these insights at a plenary talk at the World Business Angels Investment Forum (WBAF) Ministerial Roundtable this week...
Open Banking’s Next Wave: Perspectives from Three Fintech CEOs
McKinsey reached out to the CEOs of three innovative fintechs—Ping Identity, Plaid, and Tink—for their perspectives on global prospects for open banking. While these firms address varying perceived pain points in financial services and pursue different business models, common themes emerged across the three interviews. The implications for banks...
Cybersecurity for Mobile Financial Services: A Growing Problem
Mobile phones are helping millions of low-income customers to access financial services for the first time, but they are also exposing them to new cyber threats they could never have imagined. The Serianu 2017 Africa Cyber Security Report estimates that cybercrime in mobile-based transactions costs businesses $140 million per year in Africa. Why...
New Labor Policy Provides Free Tax Advice for SMEs
A new labor policy in Australia will provide SMEs free legal advice to resolve tax related issues. According to the article, Labor will provide four million dollars over four years to create 10 tax clinics across the country. The policy will provide assistance and advice to vulnerable taxpayers and SMEs. Small businesses accounted for about a...
Support in MENA Regions Shifting Towards SMEs
Efforts towards improving economic growth through SMEs are moving towards the Middle East and North African (MENA) territories, according to the article. Due to the failing oil reserves and revenues, MENA governments have changed their focus towards SMEs for economic growth, through long term programs and plans. According to the article, the SME...
GDPR Becomes Reality, Consumer Data Becomes Global
The European Union’s General Data Protection Regulation (GDPR) took effect on May 25. PYMNTS.com has gathered thoughts on GDPR from payments luminaries. This publication includes articles from what they said about the challenges and rewards of a new regulatory environment.
Deputy Governor of Bank of Ghana Elsie Addo Awadzi Discusses Sustainable SME Finance in Ghana
Deputy Governor of Bank of Ghana (BoG) Elsie Addo Awadzi, recently shared her perspective on financial inclusion and the pillars of sustainable SME finance with the Alliance for Financial Inclusion (AFI) in Kuala Lumpur. She shares what her three key lessons are for the best way to make SME finance sustainable in Ghana, regulations role, how SME...
2 Months In To Open Banking: What’s Changed So Far?
Oscar Sala, VP of Product Strategy at Strands, Member of the Board of Mobey Forum and co-chair of their Open Banking Working Group, has extensive experience in digital transformation in retail and corporate banking, contributing in particular to the transformation of several companies within Grupo Caixabank, where he was instrumental in the...
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...
Open Banking Will See Innovation Blossom
Some banks have been exploring the use of open APIs (application programming interfaces) over the past couple of years – but upcoming legislative changes mean that financial institutions operating in Europe now have a formal deadline approaching. The EU’s second payment services directive (PSD2) and the UK’s open banking standards come into force...