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Mind the Gap: Addressing Challenges to Fintech Adoption
A total of 87 financial services executives and fintechs in New York, London and Hong Kong responded to Acenture's Fintech Innovation Lab questionnaire explaining their views on the innovation onboarding process. Survey questions focused on each group’s perceptions of what was occurring during the four phases of the technology onboarding process:...
5G Applications for Banking and Financial Sector in India
The 5G network is likely to encompass not just the Internet but all the resources connected to it. In such a scenario it is essential that there is a greater preparedness from both the service providers and consumers regarding the principles, architecture and features of the new technology. Such preparedness will help all concerned to design,...
$4.9 Trillion Small Business Credit Gap: Digital Models to the Rescue
CGAP estimates that there is a $4.9 trillion credit gap for micro and small businesses in emerging markets. But digital technologies are disrupting traditional means of delivering MSE finance. CGAP talked to some of the most interesting companies about these new business models and breaks down the findings for you in their latest blog and deck...
FMO Entrepreneurial Development Bank Joins 150 Other Financial Institutions to Promote SME Finance
Washington, D.C. June 4, 2019 – FMO Entrepreneurial Development Bank (FMO) became the newest member of the SME Finance Forum, a global membership network that brings together financial institutions, technology companies, and development finance institutions to share knowledge, spur innovation, and promote the growth of SMEs. “200 million...
How Fintechs Are Demystifying The Idea That It Is Hard To Lend To MSMEs
Jessica Alfaro, a Financial Sector Specialist at the SME Finance Forum, was the introductory speaker on the Corporate and Commercial panel at the Accenture Fintech Forum “What is Really Working” on May 13. This event was part of the FinTechStage Festival 2019 taking place over five days in Milan, Italy. Alfaro was joined on the panel by speakers...
Sharmila Hardi of IFC Shares Insight on Key Players Lending to SMEs and Issues Aside from Finance Affecting SMEs During the SME Finance Forum 2018
During the Global SME Finance Forum 2018, Sharmila Hardi, Senior Manager, IFC explains that banks have always perceived SMEs to be quite risky to lend because SMEs usually don’t have track records, the loans they request are rather small and regulators require high risk-weighted assets for SME lending. “But while banks have exited from lending to...
The Mobile Revolution in Banking: From China to the U.S.
New analysis provides a glimpse of the future as countries like China pave the way for a whole new system of banking. China is seeing an “explosive growth of mobile payments. With a record $12.8 trillion in mobile payment transactions from January – October 2017, China far surpasses the U.S. at only $49.3 billion,” according to data. Dana Nino, an...
Hans Docter, Director for Sustainable Economic Development at the Netherlands Ministry of Foreign Affairs, Talks About Their Commitment Towards Mobilizing More Finance for SMEs During the SME Finance Forum 2018
During the Global SME Finance Forum 2018, Hans Docter, Director for Sustainable Economic Development, at the Netherlands Ministry of Foreign Affairs, discussed the role innovation plays in respect to mobilizing more finance for SMEs. Hans Docter said, “Millions of small businesses are not getting the finance they need [and] in order to deliver...
Members News: Ecobank Ghana Introduces Unified Electronic Payment Solution for Merchants
SME Finance Forum member, Ecobank Ghana, has unveiled Ecobank Pay - a multi-featured digital payment solution, to boost digital payment in the country. According to the bank, the product delivers a unified and instant self-service payment solution to more than 15,000 merchants – a product that allows anyone to buy a product or service without...
Country Report Myanmar Entrepreneurial Ecosystem Assessment
Since 2011, Myanmar has been on a path of transition from military rule and a state-controlled economy, towards democracy and a market-based economy whilst also managing the challenge of wealth creation. These transitions are taking place in a context of religious and ethnic diversity – the Burmese majority accounting for two-thirds of the...