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Global SME Finance Forum 2017 - Meet our Study Visit Hosts
The Global SME Finance Forum 2017 will be held November 1-3 in Berlin, Germany. This annual flagship event of the SME Finance Forum, which focuses on “digitization of SME finance,” will convene senior executives from financial institutions, fintechs and regulators from both emerging and developed countries. The two-day conference taking place on...
Member News: Vipera partners with Mambu for mobile banking solution
Mobile financial services and digital customer engagement solutions provider Vipera announced a partnership with Mambu on Friday, which it described as “a leading software-as-a-service (SaaS) alternative” to traditional core systems powering banking and lending. The AIM-traded firm said it was extending its mobile-first banking solution by...
Alternative Lenders Spread Their Wings Internationally
As alternative lending gains global traction, a growing number of U.S-based alternative lenders are exploring international growth, with large companies like OnDeck, Kabbage and SoFi leading the way. Some alternative lenders have begun their expedition closer to home by extending their reach into Canada. Others are traveling farther beyond to...
New payment solution developed in partnership between Visa and fintech Validus helps SMEs resolve capital crunch
Small and medium enterprises (SMEs) will be able to receive payments faster through a virtual credit card solution which facilitates cash flow to businesses. Developed in partnership between credit card company Visa and FinTech developer Validus, the payment solution is the first of its kind in Singapore, and seeks to unlock capital for SMEs to...
Deutsche Bank sets up corporate finance advisory services for small and medium-sized companies
Deutsche Bank is setting up a dedicated advisory service for the capital market business in Germany aimed at its small and medium-sized commercial clients. Around 50 specialists from the Private & Commercial Bank will advise companies in future on mergers and acquisitions, and on capital market solutions with a focus on financing via bonded...
Bring momentum in SME financing for inclusive growth
The aggregate increase in per capita income of a country does not necessarily ensure poverty reduction, particularly in a developing economy like Bangladesh. According to the World Bank data, the per capita income in the Dominican Republic between 2000 and 2010 increased 3.62 percent and the poverty indices rose 2.07 percent. In Egypt, the per...
Member News: How Ant Financial, Part of Alibaba, Will Dominate Finance
Alibaba has been a trailblazer in many ways. One area that Alibaba wants to dominate is finance for both consumers and SMEs and they are well on their way. Ant Financial , their financial services subsidiary, is executing on this vision and last week Eric Jing, CEO of Ant Financial, delivered a presentation explaining their approach. To put the...
High level Principles on feedback given by banks on declined credit applications
The majority of SME applications for credit are successful. In fact, close to 80 percent of all requests are approved. However, higher rates of growth can be achieved by helping those SMEs which have not been successful understand better what they can do to obtain financing. The EBF actively supports the initiative of strengthening feedback...
Awareness key barrier to SME lending growth
While tighter banking restrictions have forced more small and medium enterprise (SME) borrowers towards non-bank lenders, a lack of awareness is still hindering real growth within the sector. The Disruption Index, which has been jointly developed by small business lender Moula and research and consulting firm Digital Finance Analytics (DFA), puts...
At $3 Billion in Loans, Amazon is Quickly Becoming a Huge SME Lender
Amazon announced today that it had originated over $3 billion in loans to more than 20,000 small businesses since 2011. One billion of those loans came in the past 12 months. Peyush Nahar , VP for Amazon Marketplace, released a statement on the milestone; “We created Amazon Lending to make it simple for up-and-coming small businesses to...