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

The Benefits of Fintech Partnerships in Emerging Markets
According to an IFC report, there are a few key challenges that have long limited the digital transformation of financial services in emerging markets. These challenges include: low access to formal financial services; low income and financial-literacy levels; underdeveloped technology solutions; and weak infrastructures. Due to these challenges,...
How Banks Can Detect Whether Their Customers are Real
To date, there has been no efficient way of uncovering synthetic ID fraud. To crack down on it, every customer seeking credit would have to undergo even more rigorous ID checks than they do already. This Mckinsey article proposes a new approach that, with the help of machine learning, digs deep into vast amounts of third-party data to gauge...
youth finance
Ammar Khalid, Helena Molina, Susannah Horton, and Patteera Mae Chaladmanakul are second-year International Development students who recently traveled to the Philippines, to gain a deeper knowledge of possible financing models for youth entrepreneurs. Throughout the year, the team conducted a global stocktaking on successful models for financing...
Open Banking’s Next Wave: Perspectives from Three Fintech CEOs
McKinsey reached out to the CEOs of three innovative fintechs—Ping Identity, Plaid, and Tink—for their perspectives on global prospects for open banking. While these firms address varying perceived pain points in financial services and pursue different business models, common themes emerged across the three interviews. The implications for banks...
Digital Credit Helping to Put Kids in Classrooms in Cote d'Ivoire
By leveraging partnerships with farmers’ cooperatives and telecom operator MTN, in a recent pilot Advans Cote d’Ivoire achieved 100 percent on-time repayment and notably increased school attendance among borrowers’ children. This innovative work with cocoa farmers earned Advans Cote d’Ivoire the 2018 European Microfinance Award for inclusive...
SME Finance Forum Immersion Program 2019 – DBS Singapore
The SME Finance Forum's Immersion Programs are aimed at providing our members with 1-2 day exposure visits to high performing regional or global financial institutions or fintechs to gather in depth knowledge about an innovative aspect of their operations. The immersion visits will allow members to hear practical first-hand accounts from the host...
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...
Cybersecurity for Mobile Financial Services: A Growing Problem
Mobile phones are helping millions of low-income customers to access financial services for the first time, but they are also exposing them to new cyber threats they could never have imagined. The Serianu 2017 Africa Cyber Security Report estimates that cybercrime in mobile-based transactions costs businesses $140 million per year in Africa. Why...
Qatar Attracts Regional and International Trade Business
Qatar the upcoming “free economic zone,” according to the article will attract business in a monumental way. HSBC, a long standing bank in Qatar is excited about the upcoming advantages that will be presented with this opportunity. “We are seeing credit appetite from every player in this market. HSBC will be lending higher in volumes over the next...
New Labor Policy Provides Free Tax Advice for SMEs
A new labor policy in Australia will provide SMEs free legal advice to resolve tax related issues. According to the article, Labor will provide four million dollars over four years to create 10 tax clinics across the country. The policy will provide assistance and advice to vulnerable taxpayers and SMEs. Small businesses accounted for about a...