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Intesa Sanpaolo’s new digital bank – Isybank
Digital Financial Services
Fintech
The launch event for isybank, Intesa Sanpaolo's digital bank, was held on 15 June at the "Shard of Glass" tower in Milan. The bank is primarily intended to serve the four million Intesa Sanpaolo customers interested in using innovative services exclusively online and on their smartphones. isybank is among the most important initiatives in the 2022...
Intesa Sanpaolo’s acquisition of First Bank in Romania
Equity
Intesa Sanpaolo acquires Romania’s First Bank from US-based private investment fund J.C. Flowers & Co., strengthening its presence in the CEE region and doubling the Group’s presence in the country. More in detail , Intesa Sanpaolo and JCF Tiger Holdings S.A.R.L., the controlling shareholder of First Bank S.A., have signed a share purchase...
International launch of SIDBI's "De-risking lending for a Brisk EV Uptake: A practical guide on de-risking measures for Electric two- and three-wheelers in India"
Sustainable Finance
Under the guidance of Niti Aayog, government primer think thank, and RMI as a knowledge partner, Small Industries Development Bank of India (SIDBI) has developed a book titled “De-risking lending for a Brisk EV Uptake: A practical guide on de-risking measures for Electric two- and three-wheelers in India" The report was released in Washington DC...
Karandaaz unveils GreenFin Innovations, offering concessional finance for enabling green economy & combatting climate change
Financial Inclusion
Sustainable Finance
Digital Transformation
Karandaaz Pakistan, a development finance platform at the forefront of promoting financial inclusion and driving digital transformation across the country, announced the launch of GreenFin Innovations (GFI), a groundbreaking initiative dedicated to scaling innovative and sustainable solutions aimed at promoting a green economy and addressing the...
TRAY Signs Partnership Agreement with Alraedah Digital Solutions for MENA Region Expansion
Digital Financial Services
Fintech
Payments
Bespoke tech solutions providers team up to empower digital transactions of small- and medium-sized business enterprises across MENA with cloud-based software Riyadh, Saudi Arabia, September 5th, 2023 – TRAY, a global leader in cloud-native enterprise-class POS systems, is pleased to announce a strategic partnership with Alraedah Digital Solutions...
EmpowerHer: Stories from the SME Finance Forum’s WEF CoP
Financial Education
Financial Inclusion
Alternative Financing
Gender Finance
Youth Entrepreneurship
The Forum established the Women’s Entrepreneurship Finance CoP (WEF CoP) Practice for groups of practitioners from member institutions to meet and share experiences, seek solutions to challenges that they face in financing women-SMEs. Since launching in 2022, the WEF CoP has evolved into a powerful example of how to empower women entrepreneurs...
MTN and JUMO Combine Platform Capabilities to Redefine Accessible Lending in South Africa
Alternative Financing
Digital Transformation
Fintech
Johannesburg, 6 February 2024 – MTN’s Mobile Money Platform, MoMo, and banking technology company JUMO have partnered to launch Qwikloan, which offers affordable, short-term loans in South Africa and will drive financial inclusion across the country. Qwikloan enables MoMo users to obtain small, short-term loans on their mobile phones, ranging from...
Zenith Bank, a leading Nigerian commercial bank, joins the SME Finance Forum
Financial Inclusion
Washington D.C, January 31, 2024 – Nigeria’s Zenith Bank has joined the SME Finance Forum as the global membership network’s latest member. The 240+ members of the Forum are SME financing experts operating in 190 countries who share the common goal of expanding access to finance to small businesses worldwide through knowledge exchange and...
SME Finance Forum Member Services for Q1 and Q2 2024
The SME Finance Forum membership network consists of more than 240 member institutions active in 190 countries . The network is a unique community of SME-oriented commercial banks, non-bank financial institutions, fintech companies, and development finance institutions. UPCOMING EVENTS - Q1 and Q2 2024
AccèsBanque Madagascar, a leading financial institution in the region, joins the SME Finance Forum
Financial Inclusion
Washington D.C, January 18, 2024 – AccèsBanque Madagascar has joined the SME Finance Forum as the global membership network’s latest member. The 240+ members of the Forum are SME financing experts operating in 190 countries who share the common goal of expanding access to finance to small businesses worldwide through knowledge exchange and...
Paymentology appoints Jeff Parker as CEO
Payments
Former SVP and Managing Director of Marqeta takes on new role at leading global issuer-processor to propel its growth journey across the globe 12 th Dec Paymentology , a leading global issuer-processor, today announces the appointment of its new CEO Jeff Parker, who will be succeeding the interim Co-CEOs Abe Smith and Angy Watson. Jeff is a leader...
Fintech: Friend, Foe or Frenemy? - Podcast with member Alraedah Finance
Islamic Banking
In the latest episode of Couchonomics, Arjun was joined by Paul Melotto, Executive Board Member at Alraedah Finance . Paul has played a key part in Arjun’s journey to understand the Saudi ecosystem, especially regarding fintech and financial services. In the episode, Arjun and Paul discussed: The state of Non-Banked Financial Institutions in KSA...
Creditinfo appoints Satrajit Saha as new Global CEO
Credit Risk & Scoring
Former CEO of TransUnion Europe – Satrajit Saha – brings his expertise to Creditinfo, planning to drive growth across its credit bureaus globally. London – 29 th November 2023: Creditinfo, a global service provider for credit information and risk management solutions, has today announced the appointment of Satrajit Saha as its Global Chief...
SE Holdings, a South Africa agri-services company, joins the SME Finance Forum
Financial Inclusion
Non Financial Services
Rural & Agriculture Finance
Washington D.C, December 6, 2023 – Leading agri-services company SE Holdings has joined the SME Finance Forum as its global membership network’s latest member. The 240+ members of the Forum are SME financing experts operating in 190 countries who share the common goal of expanding access to finance to small businesses worldwide through knowledge...
FCI 55th Annual Meeting – Launch of the IFC Knowledge Guide on Factoring Regulation and Supervision
Supply & Value Chain Finance
FCI, an SME Finance Forum Industry Partner, held its 55th annual meeting in Marrakech, Morocco from October 29 to November 3 2023. More than 250 attendees joined to network and discuss current issues within the Factoring and Receivables Finance Industry. With over EUR 300 billion financed to SMEs as well as to larger corporates, the global...
Dashen Bank, a leading Ethiopian financial institution, joins the SME Finance Forum
Financial Education
Financial Inclusion
Washington D.C, November 21, 2023 – Ethiopia’s Dashen Bank has joined the SME Finance Forum as the global membership network’s latest member. The 240+ members of the Forum are SME financing experts operating in 190 countries who share the common goal of expanding access to finance to small businesses worldwide through knowledge exchange and...
SDFC, the Maldives’ first financial institution focused on MSMEs, joins the SME Finance Forum
Financial Inclusion
Rural & Agriculture Finance
Washington D.C, November 14, 2023 – Maldivian non-banking finance institution SDFC has joined the SME Finance Forum as its global membership network’s latest member. The 240+ members of the Forum are SME financing experts operating in 190 countries who share the common goal of expanding access to finance to small businesses worldwide through...
Launch of IFC’s Knowledge Guide on Factoring Regulation and Supervision​
Supply & Value Chain Finance
Policy & Regulation
During FCI 55th Annual Meeting , Qamar Saleem, CEO of the SME Finance Forum, launched the ‘ Knowledge Guide on Factoring Regulation and Supervision ’. This guide complements UNIDROIT's model law and provides guidance on law reforms seeking to support receivables finance. It indicates options and recommendations to establish a cohesive regulatory...
IFC Hails G20 Declaration’s Emphasis on Digital Public Infrastructure, Says Key for SME Expansion
Policy & Regulation
New Delhi, September 15, 2023 – IFC Vice President for Industries, Mohamed Gouled, currently on a two-day official visit to India, has commended India's leadership at the G20 for its strong emphasis on the significance of digital public infrastructure (DPI) in achieving financial inclusion. "This formal recognition that technology must be used for...
The synergy between MSMEs and digital infrastructure promises to reshape the landscape of economic growth and prosperity: T. Rabi Sankar, Deputy Governor, RBI
Non Financial Services
Policy & Regulation
Digital Financial Services
Fintech
Day 3 of the Global SME Finance Forum 2023 saw panel discussions and keynote addresses by thought leaders like Shri Chanchal Chand Sarkar, Economic Adviser, DEA, Ministry of Finance, India, Shri T. Rabi Sankar, Deputy Governor, RBI, Shri Ajay Seth, Secretary, DEA, Ministry of Finance, India, Ashwini Kumar Tewari, Managing Director, SBI, Ms. Nisha...