Articles

Keri Gohman, President of Xero Americas on How the Financial Web Is Rewiring Small-Business Economy

Keri Gohman, the President of Xero Americas spoke to the role of collaborative work in the financial services industry, and why small business banking in the U.S. required stronger ties between the tech and banking community to rewire small-business economy.

Articles

Articles

Kailash Baheti, CFO, Magma Fincorp Talks SME Expansion
Kailash Baheti is the Chief Financial Officer of Magma Fincorp in India. As he helps strategize the company’s future growth, his responsibilities include planning for, and controlling the capital and revenue expenditures, while continuously working towards achieving the planned profitability and looking at acquisition opportunities for inorganic...
Financial Inclusion: A Day in Royyuru, India
IDFC Bank is among India’s first private-sector banks to pilot digital financial services that leverage the country’s new Aadhaar-enabled payment systems (AEPS), which makes digital money more accessible and practical for everyday transactions than ever before. Now, to do anything from receiving government payments to buying groceries, all a...
Bandhan Bank CEO Advises MSME Units to Select Best CAs
Bandhan Bank Managing Director and CEO, Chandra Shekhar Ghosh, advised the MSME units in the country to select best chartered accountants, saying "It is not your cost, but an investment." "The signature of a reputed CA or CA firm boosts banks' confidence. I have also seen MSME units approach banks through agents. That is not the right way. Banks...
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. The State Bank of Pakistan explored new financing products, value chain financing, warehouse receipts financing, digitalisation of credit, execution of credit guarantee scheme for small and marginalised farmers,...
Emirates Islamic Bank Leverages Blockchain To Reduce Cheque Fraud
Emirates Islamic Bank has integrated blockchain technology into cheques to strengthen their authenticity and minimize potential fraud. Referred to as ‘Cheque Chain,” the bank, like others are looking at opportunities to increase efficiency, cut costs and improve customer services. New business opportunities are also presenting themselves,...
FinTech Startups Need a Localized Approach to SME Lending
The focus of the entire product design of digital lending platforms and fintech startups, needs to shift towards interaction led rather than merely being transactional in nature. Banks have traditional had an advantage over other financial service institutions because banks are viewed as trusted advisors to the customer. In order for fintech to...
Digital Credit
Microfinance was deemed the solution to the financial constraints faced by poor households and entrepreneurs in developing countries. However, recent evidence suggests that providing small loans through microfinance institutions (MFIs) hasn’t quite lived up to the hype. Despite its resounding success bringing large numbers of individuals into the...
Randa Al-Zoghbi Tamweely
Randa Al-Zoghbi, Center for International Private Enterprise’s Program Director in Egypt, discussed the release of their new app, Tamweely, in partnership with the World Bank. The app is designed to connect financiers to small businesses and entrepreneurs in Egypt seeking start-up funding. It will also provide business education tools and...
Janet Zablock
Former Head of Global Small Business at Visa, Janet Zablock has a new role as an Independent Board member at Nav Inc. Nav gives small businesses access to personal and business credit reports, cash flow analysis and lender-neutral marketplace that uses this data to connect them to the right financing for their situation. Zablock says she is...
Zaw Lin Aung
KBZ Bank or Kanbawza Bank has more than 470 branches throughout Myanmar, with plans to grow its division devoted to SMEs. Running for a year, the new initiative uses credit guarantee insurance to attract borrowers, offers client banking training and has improved its IT operations to better serve SMEs. More than 90 percent of the country’s...