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The future of the banking ecosystem will extend well beyond financial services. The key pillars of a bank in the future will be data, API, AI&ML, a cloud-based platform, cybersecurity, and controls & compliance. Read more here.

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Articles

Articles

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The International Finance Corporation (IFC), a member of the World Bank Group, has announced a long-term local currency loan of 100 million Georgian lari (around 35 million US dollars) to the Bank of Georgia to help boost access to finance for smaller businesses and women entrepreneurs. The investment is supported by the Women Entrepreneurs...
P2P: Why SME Debt Is A Must-Have For Any Investor Portfolio
The unmet SME financing needs have thus created an opportunity for the rise of alternative financing models, such as peer-to-peer lending platforms powered by fintech. Pooling private credit from accredited investors, money can be loaned to carefully screened SMEs, and the minimum buy-in is lower than typically needed for bonds sold at the private...
A Chinese flag flies in front of the People's Bank of China headquarters in Beijing, China. On Monday, the central bank said it is "almost ready" to release a digital currency that has been five years in development. Giulia Marchi—Bloomberg via Getty Images
"If you want to see the future of fintech, just go to China," said Edith Yeung, managing partner of Proof of Capital, a blockchain-focused investment firm at a breakfast roundtable Fortune hosted at its inaugural Brainstorm Finance conference earlier this year. She cited Alibaba-spinoff Ant Financial and Tencent's WeChat as paragons of digital...
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 .
PayPal is scaling its SMB lending business and its program recently surpassed $10 billion
Listen to the podcast of SVP Darrell, who describes how PayPal financing solutions are positioned in an SMB market. Lastly, because PayPal is embedded in its borrowers’ businesses, Darrell shares some data about how businesses perform after tapping PayPal for capital. Find the podcast in the link . Article via The Tear Sheet .
Photo Credit ©IDinsight/Kate Sturla
With So Many Financial Instruments Out There – When and How to do Results-Based Financing? Amidst growing skepticism of traditional aid models , the field of results-based financing (RBF) has taken root. But with so many mechanisms – DIBs and SIBs , HIBs and SIINCs – getting attention, it can be difficult to know which tool will help an...
PALESE PHILI ready to take on the challenges of another day at the office. | Supplied
DURBAN - Women’s Day and Women’s month are not only a tribute to our contribution to the struggle against apartheid but an affirmation of our ceaseless pursuit of gender parity and equity. According to the 2018 Global Gender Gap Report, South Africa was ranked 19th overall. However, in terms of the active economic participation of women and...
Enabled by fintech, financial services are becoming a horizontal across the world. GETTY
Non-financial firms – from ecommerce distributors to healthcare providers – have myriad unique assets, notably a large customer base, unique insights, and crucially, trusted relationships. Capitalizing on these, non-financial companies can offer financial products and services to their customers. Article via Forbes
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Hong Kong’s first virtual banks are not expected to be operational for at least another month, but banking customers in the city are already reaping the benefits. For the first time in about two decades, eight of the special administrative region’s largest banks will no longer charge fees for failure to maintain a minimum monthly balance.
 Image courtesy of TechnoServe
TechnoServe partnered with the Argidius Foundation to launch the Catalyzing SGB Acceleration (CaSA) Initiative. Through this initiative, they will help a corporate partner to design and implement a shared-value pilot project to support the UN’s Sustainable Development Goals, tapping into their experience working with entrepreneurs on three...