Articles

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.

Articles

Articles

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...
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...
Managing Risk in Small Business Lending
Data science technology has dramatically improved access to financing and the way we manage our money. The fintech wave that began with my former company, PayPal, and the world of payments, has spread to other aspects of personal finance, from mortgages to student and auto loans to investing. This expansion was accompanied by growing concern that...
An Update on Alternative Lending
In recent weeks I have attended and spoken at a number of conferences focusing on alternative lending. The most prominent of these was in New York at Lendit 2017 with 5000+ attendees. FIC’s view of the Fintech lending space has changed significantly since we first started working in this area over four years ago. From the beginning FIC’s focus has...
An earthquake in European banking
In Britain alone millions of people make formal complaints each year about their banks. For them, Sebastian Siemiatkowski, founder of Klarna, a Swedish payments startup, brings good news. New European rules, he says, will open the door to a host of innovative services that analyse transactions, so “an app could tell you there’s a cheaper mortgage...
Expanding access to finance for smallholders one lease at a time
In rural sub-Saharan Africa, working in agriculture tends to be an extremely labor-intensive job with high risk and low payoff . As a result, new generations of farmers and other entrepreneurs are often deterred from pursuing a career in agriculture. This leaves the agricultural industry with ageing farmers and declining agricultural production...
Financial Innovations in Turkey, Interview with BKM CEO,
Could you please tell us a bit about the banking sector in Turkey? We may describe Turkish banking sector as strong, innovative, modern and well-regulated. Banks in Turkey have been highly enthusiastic about using new technologies to reach and engage with their customers. They are also very successful in adopting and launching innovative...
Financial Inclusion: Is SME lending the Goldilocks of digital banking?
Can digital plug the SME credit funding gap and support financial inclusion? Lack of financing for small business has vexed policy makers around the globe for years but, by working together, banks, governments and technology companies have it within their power to solve the problem today. More than 200 million small and medium enterprises (SMEs)...
6 Ways Slow Payments Affect Small Businesses
For many small businesses, slow payments are a fact of life. We surveyed small businesses in the U.S. to understand exactly how unpaid invoices affect their growth. For example, nearly a quarter of American SMBs freeze hiring when cash flow is slow. The opportunity cost is huge: If all small businesses were paid for all of their unpaid invoices,...