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

Amazon is Making Major Moves in SME Banking
Since Amazon Lending began in 2011, it has surpassed $3 billion in loans to small businesses. Recently, the company announced that it has surpassed $1 billion in small-business loans to more than 20,000 merchants involved in its Amazon Marketplace in the U.S. UK, and Japan during the past year. In fact, Amazon is making money from both the sales...
Alternative Lenders Spread Their Wings Internationally
As alternative lending gains global traction, a growing number of U.S-based alternative lenders are exploring international growth, with large companies like OnDeck, Kabbage and SoFi leading the way. Some alternative lenders have begun their expedition closer to home by extending their reach into Canada. Others are traveling farther beyond to...
What banks can learn from Amazon
In the last year alone, Citi, BBVA, Capital One and other major banks have opened their APIs to third party developers to innovate better and faster To truly be customer-first and prioritize the customer experience above all, banks should look to platforms as business models, not tech constructs No one knows if Amazon will be buying a bank anytime...
FinTech as Digital Solutions for SMEs
The financial technology ( FinTech ) field grew and developed rapidly as a response to the financial problems we face, from making financial information more accessible to addressing the lack of financial inclusion in various countries. Small and medium-sized enterprises (SMEs), in particular, can benefit from the digital solutions offered by...
Why Alternative Lending Struggles to Scale in Emerging Markets – And What Fintech Companies Can Do About It
During the past 10 years, the US, the UK and China have seen a rapid expansion of what has come to be called “alternative lending” – non-bank lenders using digital platforms to serve distinct niches such as consumers and SMEs, which have been ignored by conventional lenders. In these environments with rich data sets and developed capital markets,...
Note to Banks: You Won!
Lending Times , an online publication that specializes in writing about Fintech lenders, reported the following: “In a pessimistic new report, researchers from Morgan Stanley have concluded that while Fintech companies style themselves as disruptors they will do more to strengthen than undermine incumbents in the long term.” The Morgan Stanley...
Fintech Tools That Can Change The World Of Finance
Fintech, or financial technology, is rapidly gaining ground with consumers as a more accessible alternative to traditional payment and banking systems offered by financial firms. As new fintech tools and software emerge to disrupt the established model, financial services are improving, offering enhanced efficiency, speed and accountability...
To Understand the Future of the Financial Services Industry, We Must Look Beyond FinTech
While businesses are catching up with the rise of e-commerce and the mobile-first world, physical interfaces altogether are gradually falling into obsolescence. The year 2017 gives strong reasons to believe that working on the enhancement of the experience with any physical interface could be a wasteful attempt to better feed a horse instead of...
Business Banking Sucks – but a few FinTechs and Big Banks are trying to change this
As a business owner, I rarely log into my business bank account. They make it too hard for me to log in, and when I do, the level of capability doesn’t reflect the jobs I have to do on a day-to day-basis. We are hugely busy building our company, 11:FS , and I can’t be bothered with something that doesn’t give me basic insight and isn’t at all...
Fintechs and Banks: An Unequal Partnership
Years ago I consulted with the legacy Wachovia Bank, headquartered in Winston Salem. Back then the bank-teamed credit and line bankers on each commercial loan, terming their working relationship an “equal partnership.” In fact, when you spoke with management offline, many admitted that the credit people were a bit more equal than line personnel...