Articles

CreditEase CEO Ning Tang on How China’s Fintechs Serve the Underserved

CreditEase - an SME Finance Forum member - founder and CEO Ning Tang recently shared with Mckinsey his perspective on how fintech players, from both within and outside China, can capture the opportunity among small and midsize Chinese businesses and how artificial intelligence (AI) can help. The following commentary is adapted from that conversation.

Articles

Articles

Empowering Women to Rise Up in Financial Services Across the Globe
Tracey Davies, President of Money20/20, and founder of the Rise Up initiative, outlines the five ways the program empowers women at work as the initiative comes to Singapore. I have always been a hopeful optimist about the trajectory of women, but as the number of women reaching the top just hasn’t made the progress I expected, I have become much...
Can Online Dispute Resolution Change the Way Global MSMEs Do Business?
While alternative dispute resolution has exploded in popularity for larger businesses, it hasn’t found its way to the MSME community. As a friend in the arbitration business said recently, “micro businesses couldn’t afford the coffee at most arbitration centers.” But the emerging field of online dispute resolution, or ODR, promises to change the...
BSTDB Provides US $15 Million Loan to Support  Armenian SMEs
The Black Sea Trade and Development Bank will support the financing of SMEs in Armenia through a US $15 million loan to Ardshinbank. The loan will benefit 100 SMEs and impact 3,600 jobs in Armenia, according to the article. SMEs in Armenia are a key driver and contributor to the country’s GDP, generating up to 40 percent of GDP. “As a development...
RBS Steps In to Support SMEs with Brexit
The Royal Bank of Scotland laid away £2 billion to support SMEs with trade finance, term finance and increased liquidity as they handle Brexit. According to the article SMEs rely on EU labour markets and exposure to foreign exchange movements. During this time UK banks have anticipated concerns related to Brexit’s effect on supply chains and...
Support in MENA Regions Shifting Towards SMEs
Efforts towards improving economic growth through SMEs are moving towards the Middle East and North African (MENA) territories, according to the article. Due to the failing oil reserves and revenues, MENA governments have changed their focus towards SMEs for economic growth, through long term programs and plans. According to the article, the SME...
Advisory Programme Will Increase SMEs Access to Finance
The European Bank for Reconstruction and Development (EBRD) and European Union (EU) launched the Advice for Small Businesses (ASB) Programme to support SMEs in Lebanon. The programme will help foster private sector growth, job creation, innovation, competitiveness, and increase SMEs’ access to finance. According to the article, SMEs in Lebanon...
Approach to Enterprise Support is Failing Africa’s SMEs
Despite providing immense financial support for the economy, SMEs still face a multitude of challenges and lack support. According to the article, 72 percent of all startup funding went into only three companies in the region (Africa) in the span of two recent years. Supply and demand are the causes inhibiting SMEs’ access to support. On the...
Closing Africa’s MSME Finance Gap
Africa's Times of News , provided insights to the IFC estimation that Africa’s finance gap for small and medium enterprises (SMEs) stands at $331bn. Micro, small and medium enterprises (MSMEs) form the backbone of most African economies and investment in this sector will significantly enhance job creation and wealth development. The informal...
SMEs Encouraged to Join Value Chains
To increase competitiveness SMEs are urged to join global value chains. According to the article, lack of quality supplier-buyer relations with multinationals is hindering SMEs access to electronics global value chains. A World Bank report says only 300 Vietnamese firms are completely eligible to connect with the world’s production chains...
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...