Articles

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.

Articles

Articles

6 Ways Slow Payments Affect Small Businesses
For many small businesses, slow payments are a fact of life. We surveyed small businesses in the U.S. to understand exactly how unpaid invoices affect their growth. For example, nearly a quarter of American SMBs freeze hiring when cash flow is slow. The opportunity cost is huge: If all small businesses were paid for all of their unpaid invoices,...
Holistic approach required for supporting SMEs – Heritage Bank
Divisional Head, SME & Agency Banking of Heritage Bank Plc, Obioma Emenike in this interview notes that while the dwindling availability of foreign exchange has enhanced the prospects of SMEs, addressing the challenges of the subsector however requires holistic approach by stakeholders. The drive for Made in Nigerian products occasioned by...
Emerging SMEs: Secrets to Growing from Micro to Small Enterprise
After decades of directing financial services to micro-enterprise owners, many microfinance institutions are finding that some of these enterprises have grown and that they’re now serving an expanding number of small business owners. With increasing global attention being directed to small and medium-sized enterprises (SMEs), it is fitting to look...
Using non-financial services to help banks and businesses build better relationships
Poor communication between entrepreneurs and their bankers is often a stumbling block in the delivery of effective financing for enterprise growth throughout the world. The use of non-financial services (NFS) can help with this. Bankers regard SMEs as high risk propositions, partly because they often cannot get the information they need from...
Pathways to profits for micro and small enterprises
Numerous research studies on micro and small firms from around the world have shown that (a) microenterprises are ubiquitous; and (b) only a very small percentage of such firms scale up to become SMEs. The obvious question is why? It is not for want of help. Each year billions of dollars in aid is given to developing economies to help...