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Digitisation in Africa: Channelling Funding to SMEs

Proparco’s 10-year anniversary issue of the Private Sector & Development magazine focuses on SME finance in Africa.

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 Platforms - Via Germain Bahri on Linkedin
While initial forms of platforms have been around for centuries, more prominent ones have emerged in the last 15 years with the rise of the internet. New models which connected initially developer applications and customers arose (the first softwares), eventually connecting people together, sellers and buyers, hosts and visitors, drivers with...
Building Innovation: APIs, Fintechs and Financial Institutions by Accion
CFI Research Fellow Dan Kleinbaum describes them—including their main delivery types—and their potential for helping institutions reach the underserved. Read this blog article from SME Finance Forum Member Accion about how financial institutions should think about their API strategies. Article via the Center for Financial Inclusion, Accion .
The future is bright for SMEs
Supporting SMEs is a mantra of governments and banks alike, writes Brian Caplen from The Banker . But any new policies will need to take account of changes in the international economy. Thanks to the new fintech companies dealing in payments, getting paid has also become a lot easier. All this means that banks can no longer simply declare...
Here’s how digital lenders are utilizing machine learning to reshape the industry and provide a growing number of small enterprises with the capital they need. Read about how predictive models are being trained to assess risks by analyzing cases of financial fraud and improve the underwriting process.
How digital technology has redefined MSME sector
The MSME sector is the backbone of Nigeria’s economy. Studies by the International Finance Corporation (IFC) show that approximately 96% of Nigerian businesses are Micro, Small and Medium Enterprises (MSMEs). Thanks to digital technology, it is worth noting that ecommerce platforms have so far played a key role in boosting and accelerating MSMEs...
Should Digital Financial Services Providers Prioritize Open APIs?
Do open APIs make sense for your company? Which ones? This blog outlines a structured approach, taken by a CGAP partner, which allowed the team to develop a deeper understanding of the API product’s value and requirements and to ultimately get the buy-in it needs to develop and release a successful product. By following a five-step process and...
Policies to Help SMEs Access Alternative Data
There is a shortage of credit data on MSME borrowers — also referred to as ‘thin file’ borrowers, since MSMEs lack access to traditional credit facilities through banks and other traditional lenders. The authors in this World Bank Group blog say that this information asymmetry has paved the way for identifying new ways to assess the...
The Future of Banking
The journey from unbundling to rebundling and back has been a formidable one. Emerging technologies and the pace of innovation are driving changes throughout the banking industry at an unprecedented rate. From Asia to Europe, U.S. to Africa, and Australia to the Middle East, consumers are not only increasingly adopting digital – most are demanding...
World's First Private Sector Gender Bond Finances Women-Owned SMEs in Emerging Markets
IFC invested $75 million in a Gender Bond issued by Turkey’s Garanti Bank (a SME Finance Forum member). IFC details the story of how and why the investment with Garanti was a bold one. The bank, which is known in the market for its commitment to access to finance for women, is the first private sector bank in the world to launch a gender bond...
Bitbond CEO Talks Innovation in the Lending Industry
Radoslav Albrecht is the Founder and CEO of Bitbond, a global lending platform for small business loans. The SME Finance Forum member, leverages blockchain technology to connect creditworthy borrowers with individual and institutional investors. Recently, Anthony Manfre interviewed Radoslav to learn more about how Bitbond is leading innovation in...