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Originally posted on IFC website. Amsterdam, October 8, 2019—SME Finance Forum and IFC announced the winners of the second edition of the Global SME Finance Awards last night during the Global SME Finance Forum 2019, the annual flagship event of the SME Finance Forum. Sixteen award winners were selected from a global pool of 144 entrants for their extraordinary achievements in delivering innovative products and services to their small and medium enterprise (SME) clients. The winning institutions were chosen based on the following criteria: reach, uniqueness and innovation, effectiveness and impact, and dynamism and scalability. The Global SME Finance Awards were created by IFC and the SME Finance Forum to celebrate the exceptional achievements of financial institutions and fintech companies in client delivery for SMEs. This year’s awards include a new category, Women-SME Bank of the Year, which recognizes the contributions of financial institutions in serving women-owned SMEs. The awards are endorsed by the G20 Global Partnership for Financial Inclusion (GPFI). Natascha Beinker, Deputy Head of Division at the German Federal Ministry for Economic Cooperation and Development (BMZ) and Co-Chair of the SME Finance Subgroup of G20 GPFI said: “The Global SME Finance Awards put the spotlight on two key issues - responsible innovation and responsible financing, which are an integral part of the financial inclusion agenda. As demonstrated by this year’s and last year’s Awards winners, product innovations can lower costs and allow SME financiers to better serve previously underserved and unserved SMEs, particularly women-owned SMEs.” The Global SME Finance Forum 2019 welcomed over 650 attendees from more than 280 institutions in 75 countries. On the 5-year anniversary of the annual Forum, Her Majesty Queen Máxima of the Netherlands, UN Secretary-General's Special Advocate for Inclusive Finance for Development (UNSGSA), delivered the keynote address. This year’s conference looked at the convergence between the real and financial sectors in SME Finance, which is taking place at a rapid pace and will have a transformative impact on small business lending. Convergence is being driven by the availability of vast amounts of data and the ability of SME financiers to receive and analyze it in real time using advanced analytics, artificial intelligence and machine learning. This in turn allows lenders to make faster lending decisions, including for small scale customers.
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SME Finance Forum and IFC announced the winners of the 2019 Global SME Finance Awards
![SME Finance Forum and IFC announced the winners of the 2019 Global SME Finance Awards SME Finance Forum and IFC announced the winners of the 2019 Global SME Finance Awards](https://www.smefinanceforum.org/sites/default/files/styles/720x486/public/1-DSCF0082.jpg?itok=BZCH_XDS)
Oct 08, 2019