News

PME Investimentos Joins 150 Other Financial Institutions to Promote SME Finance

Washington, D.C. May 21, 2019 –  PME Investimentos 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.  

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News

Social Development Bank Joins 150 Other Financial Institutions to Promote SME Finance
Washington, D.C. April 9, 2019 –  Social Development Bank (SDB) 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 businesses worldwide...
Member News: Standard Chartered to Jointly Launch a Trade Finance Platform
According to Reuters , Hong Kong’s banking regulator and seven banks, including SME Finance Forum member Standard Chartered PLC said they will jointly launch a trade finance platform in September using blockchain technology. Reuters says the platform will be one of the largest examples globally of a government-led, cross-bank effort to reform the...
Member News: Bitbond Launches SME Lending AIF for Professional Investors
1741 Fund Management and global SME marketplace lender Bitbond today announced the launch of a new Alternative Investment Fund (AIF). The fund gives professional investors access to the performance of a diversified portfolio of small business loans that are originated through the Bitbond SME lending platform. Direct debt investments into SME loans...
Brazil's Central Bank Proposes Rules for Fintechs, Peer-to-Peer Lending
Brazil’s central bank recently proposed allowing fintechs to lend money, without taking deposits as commercial banks do, as part of new rules for the fast-growing fintech industry in Latin America’s largest economy, according to reports. The rules, which will be assessed in public hearings over the next two months, should not require congressional...
Survey Shows Late Payments Affect SME Cashflow
In partnership with BDRC Continental, Ultimate Finance conducted research into the impact of late payments on the SME sector. The figures showed that late payments cause cashflow problems for UK SMEs. The main political parties have said they plan to end the issue with legislation such as late payment reporting. Overall, 81 percent of SMEs state...
National Australia Bank Builds SME Lending Features
The National Australia Bank (NAB) is looking to build business outside of home loans, mostly in SME lending. A recent report in The Australian revealed news that the NAB is adding new features to its small business lending unit, QuickBiz, in an effort to build market share. According to reports, NAB is rolling out an extension of the online...
People's Bank of China Calls Upon Fintech for Transaction Monitoring
The People’s Bank of China wants fintech firms to pitch in on a government-controlled monitoring system to watch over financial transactions on the internet. Sun Gouofeng, director of general of the Bank’s research institute says it is unfair for taxpayers’ money to cover the costs arising from heightened regulation on fintech businesses. Making...
Fintech Leaders Sought for Industry Transparency
Fintech leaders are wanted to bring transparency in the Australian small business sector. Ombudsman Kate Carnell launched a research project this week with FinTech Australia and independent SME finance expert Neil Slonim from theBankDoctor.org. The project will survey fintech small business lenders to identify industry best practice to help SMEs...
MAS to ease rules on finance companies to help SMEs obtain funds
The Monetary Authority of Singapore (MAS) announced it will relax some business restrictions on finance companies to help small- and medium-sized enterprises (SMEs) obtain financing. This comes a day after the central bank announced that it would take measures to strengthen the financing channels for next-generation Asian growth companies and...
Fintech Regulators Should Foster International Cooperation & Information Exchange
Bank regulatory bodies need to coordinate their strategies for dealing with emerging financial technology at a global level, says a new report from International Organization of Securities Commissions (Iosco). The Iosco Research Report on Financial Technology highlights the growing intersection between fintech and securities markets across a...