Articles

Articles

Articles

Blockchain’s Influence on the Insurance Industry
Medici examines the potential blockchain can have on the insurance industry. According to the article, blockchain is the answer to various stress-points throughout the insurance value chain. Areas where blockchain applications are being developed include: claims management and verification, new product and platform development, and record keeping...
Medici Outlines the Challenges in the SME Lending Requirements
SMEs are still struggling to curate working capital. Medici examines the glitches in SME lending, automation of onboarding customers and loan origination and how banks can make real change in SME lending. Reported errors in the SME lending: Most of the time, banks refuse to lend money to those whose revenue is less than $2 million. Banks view SME...
SMEs Receive €475 Million in Loan Support from the European Union
The head of the EU delegation to Egypt, Ambassador Ivan Surkoš reported the European Union (EU), with support from European financial institutions will provide €475 million in loans to support SMEs. EU launched the ‘EU Facility for Inclusive Growth and Job Creation,’ which aims to provide an environment of business creation and economic...
How India’s Small Finance Banks Aim to Take Financial Inclusion to the Next Level
India has lended to hundreds throughout the unbanked community and is the largest microfinance market in the world, according to Next Billion. Microfinance in India has its pros and cons. It’s able to reach customers that mainstream financial institutions fail to notice, but it also lacks adequate regulation, making it dangerous for borrowers. The...
IFC has completed delivery of DigiLab to Cohort 1 in Latin America
About IFC DigiLab IFC DigiLab is Digital Transformation on Steroids and is our latest tool to support our clients in their digital transformation at scale. It is a program designed for small and mid sized financial institutions IFC DigiLab consists of a combination of face to face learning and networking events coupled with an online learning...
Alternative Lenders Bridge Gaps, Cater to Untapped Markets & Offer Great CX
Alternative lending is looking more attractive to SMEs working to find affordable funding solutions for their business. According to Medici, alternative lending is focused on commerce and not credit. For example, “PayPal offers working capital loans to small businesses that transact more than $20,000 within 12 months.” According to a report by...
Recall Capital Nordic Makes a Compelling Case for New SME Funding Model
Financial barriers seem to be an unshakeable hardship for SMEs. World Finance addresses the difficulties faced by SMEs to retrieve funding from capital markets, and encourages SMEs to create their own ecosystem for capital. The article suggest, SMEs take their equity supply into their own hands to see results. SMEs creating their own ecosystem to...
Interview with Kelvin Teo & Reynold Wijaya Co-Founders of Funding Societies | Modalku, a Company Supporting SMEs
Kelvin Teo, Top 200 FinTech Influencers in Asia recipient, and Reynold Wijaya, Forbes 30 under 30 recipient are both Harvard Business School graduates and co-founders for the company Funding Societies | Modalku. Funding Societies | Modalku is Southeast Asia’s largest peer-to-peer financing platform geared towards supporting SMEs grow their...
Sustainability Strategies are Vital for SMEs
In this article, sustainability strategies are discussed and how they can improve SMEs. Cost and time have proved to be a deterrent for SMEs initial involvement in the process. According to the article, a good strategy includes: economic, environmental and social performance goals. The elements attached to each are listed below: Economic...
Solving the SME AML De-Risking Burden Using the Blockchain
SMEs that must be de-risked are experiencing issues with access to finance, however blockchain may be the answer to their problem. Dubai-Based Global Anti-Money Laundering, Risk, Governance and Compliance Professional, Maureen M., explores the benefits of blockchain and their ability to transform how SMEs are perceived by financial institutions (...