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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. “200 million businesses worldwide need...
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...
Fintechs and Financial Inclusion: Looking Past the Hype and Exploring Their Potential
This paper documents CGAP’s work with 18 fintech pilots in Africa and South Asia. The goal of this paper is to explain innovations in a detailed way and generate insight on whether the services (i) work as stated, (ii) create value for underserved customers, and (iii) ease age-old pain points in delivering financial services to underserved...
2019 Amazon SMB Impact Report
In total, there are more than 1.9 million businesses, content creators, and developers in the U.S. using Amazon products and services to follow their dreams and reach customers. This second annual Amazon SMB Impact Report takes a deeper look at how small businesses are benefiting from Amazon’s tools and services. The results are striking: SMBs...
The Future of SME Banking: Minds Made for Redefining Financial Services
In this EY has outlined a number of questions they believe firms need to ask themselves with respect to how they can really help the SME community, considering how they can provide additional insight, tools and services that will best serve their customers. Firms that answer these questions the best are likely to come out on top, not just in this...
Joyce Tee, Managing Director and Group Head of SME Banking for DBS, Details the Importance of Insurance for SMEs During the SME Finance Forum 2018
During the Global SME Finance Forum 2018, Joyce Tee, Managing Director and Group Head of SME Banking for DBS Bank, encouraged SMEs to consider the necessity of insurance for their business. “Insurance has a way to actually cover a lot of [SMEs] risks. This is about how to make education, awareness of insurance that is accessible [and]...
World’s First Afro-Asia FinTech Festival to Focus on Sustainable Finance, Transforming Lives
Nairobi/Singapore, 7 May 2019 - The Central Bank of Kenya (CBK) and the Monetary Authority of Singapore (MAS) today announced the inaugural Afro-Asia FinTech Festival , to be held in Nairobi, Kenya, from 15 to 16 July 2019. Jointly organised by the two central banks, the Festival – the first of its kind globally – will provide a platform for...
Policies to Help SMEs Access Alternative Data
There is a shortage of credit data on MSME borrowers — also referred to as ‘thin file’ borrowers, since MSMEs lack access to traditional credit facilities through banks and other traditional lenders. The authors in this World Bank Group blog say that this information asymmetry has paved the way for identifying new ways to assess the...
Zhaoli Meng, Dean of JD Finance Research Institute Talks JD’s Logistics Serving SMEs During the SME Finance Forum 2018
During the Global SME Finance Forum 2018, Zhaoli Meng, Dean of JD Finance Institute detailed the power of JD’s logistics and how it is working to serve more SMEs. JD.com is China’s largest online retailer and its biggest overall retailer, as well as the country’s biggest Internet company by revenue. They have 400 million consumers, among those 200...
The Future of Banking
The journey from unbundling to rebundling and back has been a formidable one. Emerging technologies and the pace of innovation are driving changes throughout the banking industry at an unprecedented rate. From Asia to Europe, U.S. to Africa, and Australia to the Middle East, consumers are not only increasingly adopting digital – most are demanding...