Articles

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 (FI).

Articles

Articles

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...
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 (...
Women Entrepreneurs in Vietnam Get a Fair Shot with Financing
Commercial Joint Stock Bank (VP Bank) invested in Ho Thi Hai Ngan, a woman entrepreneur looking to expand her electronics shop. With capital as one of the larger challenges faced by SMEs, women are challenged at a much larger rate when “lender biases,” according to the article, are being added to the picture. VP Bank decided to be the change and...
Women Leaders, Women Lenders
Women have been an integral part of microfinance since the very beginning. But though the percentage of women in top leadership positions in microfinance institutions is high compared to the rest of the global banking sector, it’s still lower than women’s proportion of the overall population – and far lower than the percentage of female clients...
Financial Inclusion for SMEs is at the Core of the Economy's Potential
Financial inclusions is one of the largest challenges SMEs face today. In part two of Dhaka Tribune’s “At the Core of Our Potential” series, banker, Tarique Afzal sheds light on why this area is restricted for SMEs. · Banks are more focused on urban-based lending · Banks are at times reluctant to delegate to rural branch levels · Lack of interest...
Development Bank of Nigeria CEO Tony Okpanachi Speaks on Addressing the MSME Finance Challenges
SME Finance Forum member Development Bank of Nigeria is working to aid in providing finance to MSMEs. Calling it a "nightmare," its Managing Director/Chief Executive Officer, Tony Okpanachi, was appointed in 2017 with the mission to alleviate the financing constraints faced by MSMEs and small corporates in Nigeria. The Sun says his job remains to...
Credit Card Business on the Decline
A Wall Street Journal (WSJ) analyst says that credit card lenders are feeling the pinch as loan losses and rewards expenses rise. Rising loan losses and increased rewards expenses are putting pressure on card lenders’ returns. The result is that one of the most profitable consumer-lending categories in recent years may become more of a middling...
Accountants Should Take Note of SMEs at Risk of Rising Interest Rates
As the UK’s near-zero interest rate era comes to an end, small businesses are exposed to rate rises. Marc Bajer, CEO of Hadrian’s Wall Capital, discusses why corporate finance teams in accountancy firms should take note. He says "As the UK’s near-zero interest rate era comes to an end, small businesses are exposed to rate rises. With another Bank...
With a High Loan Approval Rate, Alternative Lenders Are Easing the Credit Burden on Small Businesses
MEDICI's Diwakar Mandal shares the factors of a strong economic growth, rising interest rates, and a growing digitization in the lending space by the emergence of alternative lenders that have been key drivers of growth in SME lending. He says, banks have traditionally been a custodian of customer relationships in the SME lending space. However,...
India's Economic Survey 2017-18
The Economic Times review of the Economic Survey 2017-18 says that the amount of credit or loans disbursed by banks amounted to Rs 26,041 billion as on November 2017, but 82.6% of this was pocketed by large enterprises. For millions of SMEs in the country, banks only lent out 17.4 % of the total credit. Learn more about the survey and how MSME...