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CashDirector Joins 150 Other Financial Institutions to Promote SME Finance

Washington, D.C. February 12, 2019 –  CashDirector became the newest member of the SME Finance Forum, a global membership network that brings together financial institutions, technology companies, and development finance institutions to share knowledge, spur innovation, and promote the growth of SMEs.  

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China Moves to Ramp Up Lending to SMEs
Aiming to further support the development of the real economy, optimize the liquidity structure and lower financing costs, the People’s Bank of China (PBC) has decided to lower the required reserve ratio for financial institutions by 1 percentage point, 0.5 percentage point of which will be cut on January 15, 2019 and a further 0.5 percentage...
Member News: DBS Launches New Digital Payment Solution for SMEs
SME Finance Forum member, Development Bank of Singapore (DBS) launched DBS MAX, a mobile-based QR code payment tool that allows SMEs to receive payments from consumers and business partners. According the article, the tool was created to encourage the implementation of ePayments among SMEs and solve SME-related issues managing cash flow and...
Member News: IDB Invest Focuses on the Private Sector
SME Finance Forum member, Inter- American Development Bank (IDB) will work through its “investment arm” IDB Invest to target the private sector. According to the article, IDB will focus on tourism, agribusiness, renewable energy and general manufacturing with a goal of bringing in US$3.5 billion in direct private sector capital. “The IDB Group...
World Bank Supports Finance Ministry’s Proposal for Exit Capital Tax for SMEs
The Finance Industry of Ukraine plans to introduce an exit capital tax for SMEs with an annual income of up to UAH 200 million. According to the article, replacing the profit tax by the exit capital tax for SMEs meeting the above criteria, is a way to cut the budget loss. With the support of the World Bank, the exit tax capital will avoid a threat...
Investment Firm Starts New Fund to Help Women
Ellevest, the digital investment startup founded by Wall Street veteran Sallie Krawcheck, is launching a new fund to invest in offerings that help advance women. Founded just over a year ago, New York-based Ellevest offers exchange-traded funds to help women save for retirement. The firm’s products account for different life variables, such as...
Member News: State Bank of India New SME Assist to Provide Short-term Loans to MSME Clients
SME Finance Forum member, State Bank of India announced its the launch of SME Assist, an initiative that will start offering short term loans to its MSME customers. It will render working capital loans to MSMEs according to their input credit tax. Chief General Manager (SME), V Ramling in a press interview said that the product will help stabilize...
Unkapt - Capital Mobilisation Challenge 2017
The Capital Mobilisation Challenge (Challenge) is a competition targeting small to medium size enterprises (SMEs) with a strong sustainable development focus and located in Cambodia, Indonesia, Philippines, Myanmar or Vietnam. The Challenge, which opens in September 2017, is being organised by SME Finance Forum member Unkapt in partnership with...
Xero Goes Live with Capital One Credit Card Feed
Capital One, a major U.S. bank has partnered with Xero’s cloud accounting platform. The deal to allow Capital One’s credit card feed was signed in May, and went live last week. The goal for the partnership is to expand Xero’s presence with smaller banks and penetrate the smaller local markets, according to Ryan Himmel, financial partnerships lead...
EIB, Banco Sabadell Sign Agreements To Help Finance Spanish SMEs
The European Investment Bank (EIB) and Banco Sabadell will provide EUR 800m to Spanish SMEs with the aim of supporting their investments and promoting the development of new projects, particularly in the services and industrial sectors. The EIB will grant a EUR 400m loan to Banco Sabadell, to which the Spanish bank will add an additional EUR 400m...
Member News: BNP Paribas Forms Blockchain Consortium
SME Finance Forum member, BNP Paribas along with others, has launched Liquidshare, a venture aimed at exploring distributed ledger technology and its potential to disrupt small business lending. CASEIS, Caisse des Depots, Euroclear, Euronext and S2iEM are also part of the initiative, while Paris Europlace is reportedly providing support. The...