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SME lending: Small is beautiful for banks and non-banks
Lending to small firms in Europe has traditionally been the preserve of the banks; they have the networks and relationships to originate deals for these types of clients, but non-banks now have this business firmly in their sights. And as more banks and funds start to cooperate in this space, the latter can expect to appear more frequently in...
New lending standards a 'win-win' for lenders and businesses
With potentially thousands of SMEs lining up to secure funds necessary for expansion or consolidation, new lending standards have now been introduced to ensure the safety of those borrowing money. The new Standards of Lending Practice will replace the existing Lending Code, bringing enhanced protections for a wider range of businesses. In addition...
PSD2 and API Banking: Are banks ready for the challenge?
With the revised Payment Service Directive (PSD2) on the horizon, banking institutions are increasingly eager to take action - though most have yet to make a move - to get a head start on this new regulation and weather the storm of industry disruption that will no doubt ensue. To consider PSD2 a threat to banks would be the short-sighted view, as...
Access to finance, a challenge for SMEs in Fiji
This week the Fiji Export Council (FEC) sheds light on a major challenge faced by small medium enterprises (SMEs), which is access to finance. After reviewing workshops and seminars conducted by the FEC over recent years on export readiness, one of the biggest challenges for development raised by SMEs in Fiji is the availability of finance...
Member News: 250,000 African merchants will be financially empowered by Masterpass QR
Merchant service provider, Kopo Kopo, announced their partnership with Mastercard today to roll out Masterpass QR across 11 markets in Sub-Saharan Africa, impacting over 250,000 micro and small businesses over the next five years. The announcement was made during the inaugural Financial Times Africa Payments Innovation Summit, in Nairobi, Kenya...
La PYMES: un segmento de importancia para la economia y para la banca
En America Latina, segun leralpymela (2012) la PYME contribuye al empleo con un 64% del mismo y al PIB en un 40% del total. Sin embargo, de acuerdo con el documento Economic Outlook 2013 SME Policies for Structural Change, la PYME encara un dignostico complicado dadas unas condiciones de baja productividad laboral y del capital, remuneracion...
Approaching SME Finance Like Personal Finance
With greater confidence in the U.S. economy and small business confidence in the current presidential administration, alternative lending is yet again at a crossroads. The latest Biz2Credit Small Biz Lending Index revealed, for the seventh month in a row, that large U.S. banks increased their loan approval rates to SMEs in February, with approval...
Liquidity events and returns of EIF-backed VC investments
Despite the sometimes intensive media coverage and exuberant storytelling around the industry, venture capital (VC) investors tend to operate in highly opaque markets. On this premise, this work contributes to the literature via a hand-collected dataset of about 3,600 EIF-backed VC investments made in the 1996-2015 period, with the aim to analyse...
Crowdfunding and Financial Inclusion
A financial innovation! The fastest growing financial industry! The next big thing in finance! Crowdfunding has garnered a lot of attention for its potential to further financial inclusion efforts. “Crowdfunding” typically describes a method of financing whereby small amounts of funds are raised from large numbers of individuals or legal entities...
3 Reasons Why Collaboration Between Fintech Firms and Banks Makes Sense
The battle between banking behemoths and new-age fintech firms may seem like the classic David versus Goliath. But dig a little deeper and there may not be much merit in pitting one against the other. On the surface, one seems like an antiquated giant that’s hard to beat and the other is young, relevant and oh so agile. Fintech firms have the...