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Member News: Banking Circle improves payments transparency with 'payments on behalf of'
Member Banking Circle announced on September 9th, 2020 that it is tackling the compliance and reconciliation issues often faced in global B2B payments with its new Payments on Behalf of (POBO) and Collections on Behalf of (COBO) solutions. Available globally through SWIFT, Faster Payments, CHAPS, SEPA and local clearing, the Banking Circle POBO...
Banking Circle Joins more than 170 Other Financial Institutions to Promote SME Finance
Washington, D.C., March 3rd, 2020 – Banking Circle has become 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. “40 percent of small and medium businesses...
Tyme Global Joins 170 Other Financial Institutions to Promote SME Finance
Washington, D.C., February 5rd, 2020 – Tyme Global 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. “40 percent of small and medium businesses...
Member News: Experian joins the ASEAN Financial Innovation Network (AFIN)
The ASEAN Financial Innovation Network (AFIN) announced today that Experian has joined its Strategic Advisory Council. AFIN is established by the ASEAN Bankers Association, the International Finance Corporation and the Monetary Authority of Singapore. AMTD Foundation and Mastercard are its Corporate Founding Members. About AFIN AFIN is a non-...
Photo Credit: Business in Cameroon
Eneo , a Cameroonian utility company, launched a prepaid service, a solution that “allows clients to tailor their consumption to their budget. The clients control their consumption thanks to an extended reloading offer available 24 hours a day". Eneo partnered with member Ecobank Cameroon , Orange Money, and AfrikPay, who are already operational...
Photo Credit: Business in Cameroon
Eneo , a Cameroonian utility company, launched a prepaid service, a solution that “allows clients to tailor their consumption to their budget. The clients control their consumption thanks to an extended reloading offer available 24 hours a day". Eneo partnered with member Ecobank Cameroon , Orange Money, and AfrikPay, who are already operational...
Picture via Next Billion Article
BFA is about to conclude our FIBR (Financial Inclusion on Business Runways) Project, an innovative R&D initiative which sought to demonstrate how smartphones can accelerate and deepen financial inclusion in developing countries. When we launched the FIBR Project in 2015, we outlined a set of assumptions about how increased connectivity and...
Meet Our Study Visit Hosts for our Global SME Finance Forum 2019
REGISTRATION OPEN NOW! Under the theme “The Convergence of the Real and Financial Sectors in SME Finance” , the Global SME Finance Forum 2019 will examine the different ways in which the real sector has entered the SME finance space, and the various ways in which financiers and regulators are coping with the “new kids on the block.” This year we...
Goldman Sachs Lends $100 Million to Mexican Fintech Konfio
Goldman Sachs Group Inc. is making another bet on a Latin American financial-technology startup, providing a secured credit facility of as much as $100 million to Mexico’s Konfio Ltd . The transaction will help Konfio, which provides unsecured working capital to small and midsize companies, lend about $250 million in the next 12 months, according...
Picture via Deal Street Asia ​​​​​​article
Southeast Asian ride-hailing startup Grab Holdings Inc. intends to invest $150 million into artificial intelligence research over the next year, accelerating its expanding business that now includes food delivery, digital payments and digital content. News via Deal Street Asia