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

The Cost of Being Poor: Is Fintech the Answer?
In the UK 1.5 billion adults are “unbanked” according to Ronnie Lavie, Managing Editor for the Fintech Times. A vicious cycle, of financial exclusion has interrupted lower-income populations from enjoying the benefits from the fintech industry. Sofie Blakstad, Founder and CEO of financial trust platform ‘Hiveonline’ shared, “Wealth disparity is...
Central Bank of Nigeria Emphasizes Increase for Credit Culture for SMEs
During a workshop for SMEs, hosted by the Bankers’ Committee, Central Bank of Nigeria’s (CBN) Senior Manager for the Development Finance Department, Chinedu Zephaniah shared that poor business habits and fragile financial systems have made it complicated to support SMEs. “At the moment, we have disbursed N170 billion to support SMEs but the...
How SMEs Can Win The Battle For Positive Cash Flow
SME expert and Forbes contributor Elaine Polfeldt provides tips and tools to help SMEs beat the odds of financial downfall within the first and fifth year of business. Polfedt, says making a financial plan in advance to prevent unfavorable results is key. She mentions utilizing financial software tools such as, Quickbooks, PayPie and Xero (a SME...
Building Financial Discipline at an SME
Dev Raman, Managing Partner at Lastaki shares how to make the many moving parts to an SMEs financial area come together smoothly. Financial stability is key for SMEs, five tips on how to address financial indiscipline are below: Ensure strong fundamentals. Manage the predictability/margins trade-off optimally. Don’t buy turnover by using your...
Disrupting Systems: Financing Africa’s Youth Entrepreneurs
On May 15-16, in the heart of Nairobi, Kenya, 300 plus individuals from more than 175 institutions and 50 countries gathered at the Africa SME Finance Forum to discuss innovative solutions to promote access to finance for small and medium enterprises (SMEs) in Africa. As a key supporter of the Forum, the Mastercard Foundation hosted a panel titled...
Goldman Sachs CEO Lloyd Blankfein Shares Perspective on Women Entrepreneurs
Lloyd Blankfein is Chairman and CEO of Goldman Sachs. In this exclusive IFC Perspectives interview, he talks about the Goldman Sachs Foundation’s groundbreaking 10,000 Women initiative and the Women Entrepreneurs Opportunity Facility (WEOF), a first-of-its-kind partnership with IFC, to improve access to finance for SMEs owned or run by women...
How High-Tech Allowed Us to Be More High-Touch
Financial Inclusion Week is a week of global conversation on the most important steps to advance financial inclusion. This year, stakeholders explored how new products and partnerships are empowering customers. Building on the momentum, SME Finance Forum member, Mambu, shared stories of their clients who have gone digital to inspire organisations...
Jim Yong Kim: Women-Owned Startups Could End Poverty
World Bank Group president Jim Yong Kim says one of the quickest ways to end poverty is increasing the ranks of female entrepreneurs. He tells Inc. magazine that U.S. should pay attention to the breakthroughs happening in the developing world. From his article, he says that Incubators and accelerators in Pakistan, Nigeria, and the Middle East are...
Tony Elumelu: Africapitalists Builds the Continent's Future
Tony O. Elumelu, C.O.N, Chairman at Heirs Holdings in Nigeria, pens an article on how African entrepreneurs are being supported by financial services to create a strong economic system on the continent. He describes how his institution has supported more than 10,000 African entrepreneurs over the last 10 years with funding and mentoring. The...
Accelerator Wants To Help Create The Next Big Black-Owned Tech Startup
I'M IN accelerator is focusing on providing support to early-stage, growth-driven and black-owned tech companies through education, mentorship and financing in South Africa. The accelerator is an IDF Capital initiative and a pre-investment readiness program for tech startups with an exceptional business concept and who have an early stage market-...