Articles

Fintechs That Caught my Eye at Paris Fintech Forum

Now I’m prejudiced, I admit it…I favor fintechs with relevance for SMEs…in that context, here are some of those I met up with at Paris Fintech Forum (25-26 January 2017) , mostly for the first time, who I’m going to try to keep an eye on:

Articles

Articles

The Secret to Small Business and Business Banking Success
It has taken me a decade or two longer than it should have to figure it out. During that time FIC’s projects in the small business and business banking spaces have focused on segmentation, organization, product management, pricing, cost reduction, and myriad other critical areas. These are all valid and important areas for banks to consider. But,...
Bridging the gap: connecting banks and women
Consider the following statistics: Women make 89% of the banking decisions for their families. Just 20% of female breadwinners said they were "very well prepared" to make financial decisions, versus 45% of their male peers. Women will control two-thirds of the consumer wealth in the U.S. over the next decade and be the beneficiaries of the largest...
Will Banks Ever Figure Out Small Business Lending?
In response to a recent newsletter, a financial services executive emailed: “I wonder if deregulation will enable the banks to profitably fund <250k transactions again?  Do you think that banks will continue to do <250k deals or those will all eventually be outsourced?” The short responses: Not likely and more outsourcing will occur. Of...
Rethinking Banking with Fidor Bank, Podcast
Today we’re very lucky to be joined by Sophie Guibaud, Head of European Expansion for Fidor Bank, one of Europe’s original and best known digital-only banks. Originally launched in Germany in 2009, Fidor expanded into the UK in 2015. Prior to joining Fidor, Sophie led product strategy and commercialization at Bankable, a white-label banking...
Using Blockchain and Banking to Empower Africa’s Poor with Economic Opportunities
Many migrants from Africa, and further afield, embark on a precarious journey in search of Economic and Financial Freedom. This dangerous journey all too often results in tragic endings for the individuals seeking a better life. But why do they go to such extraordinary lengths and dangers to venture into unfamiliar lands? The easiest explanation...
Fintech for SMEs is the next big thing (again)
In the excitable world of fintech, companies, technologies, business models and customer segments rise and fall in popularity with speed and volatility matched only by bitcoin. After ridding the world of outdated, predatory incumbent banks in the interest of honest, hardworking, iPhone-wielding men and women, fintech was going to fundamentally...
Modelo Perú: What’s Next for the Groundbreaking Mobile Money Platform?
Modelo Perú, a first-of-its kind payments initiative in Peru, will mark its one year anniversary. The initiative established an interoperable nationwide payments platform, Bim, with a particular focus on expanding access to underserved customer segments. Thirty three institutions, including microfinance organizations, commercial banks, and telecos...
The loan less traveled: To partner or not to partner with alternative lenders?
“Is it worth it weighed against the potential penalties?” a senior banker recently asked. The “it” involves teaming with third-party lenders, commonly termed alternative finance companies (AFCs). AFCs provide digitally enabled lending to borrowers that usually operate outside a bank’s credit comfort zone. More banks are now evaluating whether and...
How Alternative Finance Can Help SMEs: A Case Example from Italy
Siena is a medieval city in Tuscany, whose historic centre is a UNESCO World Heritage Site. In it, the traditional horse race named Il Palio takes place twice a year since 1633, in July and August. Ten horses and riders, who represent ten of the seventeen city quarters called contrade (contrada, in the singular form), compete in the 90-second race...
Fintechs That Caught my Eye at Paris Fintech Forum
Now I’m prejudiced, I admit it…I favor fintechs with relevance for SMEs…in that context, here are some of those I met up with at Paris Fintech Forum (25-26 January 2017) , mostly for the first time, who I’m going to try to keep an eye on: Ibanfirst – following a distinguished career in the business payments space, they are expanding their services...