Articles

Pakistan Disbursement of Agricultural Credit Exceeds Target

The agricultural credit outreach in Pakistan has increased to 3.27 million farmers at end June 2017 from 2.40 million farmers last year.

Articles

Articles

Emirates Islamic Bank Leverages Blockchain To Reduce Cheque Fraud
Emirates Islamic Bank has integrated blockchain technology into cheques to strengthen their authenticity and minimize potential fraud. Referred to as ‘Cheque Chain,” the bank, like others are looking at opportunities to increase efficiency, cut costs and improve customer services. New business opportunities are also presenting themselves,...
FinTech Startups Need a Localized Approach to SME Lending
The focus of the entire product design of digital lending platforms and fintech startups, needs to shift towards interaction led rather than merely being transactional in nature. Banks have traditional had an advantage over other financial service institutions because banks are viewed as trusted advisors to the customer. In order for fintech to...
Zaw Lin Aung
KBZ Bank or Kanbawza Bank has more than 470 branches throughout Myanmar, with plans to grow its division devoted to SMEs. Running for a year, the new initiative uses credit guarantee insurance to attract borrowers, offers client banking training and has improved its IT operations to better serve SMEs. More than 90 percent of the country’s...
AGF Executive Shares His Strategy for SME Financial Assistance
The African Guarantee Fund’s (AGF) chief executive Felix Bikpo talks about their strategy to assist SMEs. Stating the main problem for SMEs as access to finance, Bikpo says their guarantee facility assists financial institutions in covering the risks often associated with SMEs financing. AGF’s activities have improved the SME sector in recent...
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...
Assessing the Fintech Digital Gameboard
Two weeks ago I wrote about the position of strength that banks are operating from in their Fintech relationships . But, many banks are failing to take advantage of what Fintechs offer. Too often, banks pursue an incremental approach, addressing specific one-off problems rather than considering their own and their customer’s digital needs more...
Looking for African solutions to the SME financing gap
Unrealised growth potential and positive demographics continue to make Africa an attractive long-term investment destination, despite the SME funding gap. Africa has 400 companies with more than $1bn in revenue and 700 companies with more than $500m in revenue. Over the past five years, debt transactions totalling $110.2bn have been placed in...
Open Sesame! Give Me Some Credit
In the story of Ali Baba and the 40 Thieves, the magical word “sesame” was used to open the seal of a cave where Ali Baba found hidden treasure. In China today, the same word is connected to another kind of magic, one that reveals hidden identities of the socially and economically disadvantaged. Sesame Credit (“芝麻信用” in Mandarin) is a product...
Banks and their partners need to face up a set of realities to manage successfully
Sometimes it is valuable to rethink basic assumptions and hopes to consider the reality of working within a bank or credit union. Example: Small Business. The small business segment offers exceptional economic value to banks. We work with one small business-focused bank whose customers provide deposits that exceed loans by 5X. That allows the bank...
External financing - should SMEs take the leap?
The UK’s rapidly expanding small business sector is something of a sleeping giant, with young companies in need of better access to finance to kick-start their growth. Early-stage start-ups are reasonably well catered for in the funding stakes, but as they reach the development capital stage – with a viable, revenue- generating concept and a clear...