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WeBank Joins 170+ Other Financial Institutions to Promote SME Finance

Washington, D.C., February 20th, 2020 – WeBank 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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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...
Africa Development Bank and Alliance for African Financial Inclusion sign agreement to promote financial access
The African Development Bank (AfDB) and the Alliance for Financial Inclusion (AFI) have signed an agreement signed to enhance access to quality financial services on the continent. The agreement aims to create a collaboration framework to promote financial inclusion in Africa. This partnership is aligned with the Bank’s High 5 priorities and the...
Australia: Should small business loans be capped at $1 million? Banks questioned over lending practices
This week’s inquiry into small business loan practices saw the big four banks in the spotlight yet again this year, and the focus was on loan limits, communication and fairness. Small Business and Family Enterprise Ombudsman Kate Carnell grilled senior management from the Commonwealth Bank, ANZ, NAB and Westpac on Tuesday and Wednesday, asking for...
Commission gives boost to start-ups in Europe
The Commission's Start-up and Scale-up Initiative aims to give Europe's many innovative entrepreneurs every opportunity to become world leading companies. It pulls together all the possibilities that the EU already offers and adds a new focus on venture capital investment,insolvency law and taxation
SEC, SME Alt-Lenders At Odds Over Proposed Rule
The Securities and Exchange Commission is considering new regulations that alternative lenders say would curb their ability to lend to small businesses. Reports by Bloomberg on Wednesday (Oct. 26) said the SEC is exploring whether to adopt new rules that aim to safeguard the alternative and shadow banking sector and protect borrowers. According to...
Technology and Partnerships Crucial for Reaching “Last Mile” Small Business Customers
May 20, 2016 - Development finance institutions (DFI) convened in Rome for a two-day event to discuss strategies for accelerating the growth of small businesses. This year’s event focused particularly on 'last mile' customers in rural areas such as small-holder farmers, women and youth. They are often the most neglected segments when it comes to...
OnDeck, Kabbage, CAN Capital Join Forces
Alternative small business lenders seem to be preparing for a regulatory storm – or, at least, for increased communication with policymakers. Another SME financing advocacy group has been formed, this time by OnDeck, Kabbage and CAN Capital. The firms announced the creation of the Innovative Lending Platform Association on Thursday (May 5), citing...
Global Regulators Now Eyeing Fintech
Global regulators may propose rules to prevent “fintech” innovations from destabilizing the broader financial system, the G20’s Financial Stability Board said on Saturday. FSB Chairman Mark Carney said in a letter to central bankers and finance ministers from the Group of 20 economies meeting in Shanghai that assessing the systemic implications of...
More Cash, New Look for Egypt SMEs
Egypt’s central bank has opened 2016 with two moves that could mean a lot to tech startups - or nothing at all. In December 2015 the Central Bank of Egypt (CBE) changed its definition of SMEs and in early January this year it changed the rules around bank lending - stipulating that at least 20 percent of any bank’s loan book had to be to SMEs by...