News

United Commercial Bank Limited Joins 150 Other Financial Institutions to Promote SME Finance

Washington, D.C. December 11, 2018 – United Commercial Bank (UCB) Limited 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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News

United Commercial Bank Limited Joins 150 Other Financial Institutions to Promote SME Finance
Washington, D.C. December 11, 2018 – United Commercial Bank (UCB) Limited 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. “200 million businesses...
Member News: Fidor Launches APIX with IFC
Fidor birthed its APIX platform, the first cross border sandbox and marketplace for fintechs and banks at the Singapore Fintech Festival. India Prime Minister Narendra Modi officially launched the APIX platform during his keynote speech. APIX is an initiative by AFIN represented by IFC/ World Bank (International Finance Corporation), MAS (Monetary...
Member News: Mastercard Partners with Zoho to Launch ‘SME in a Box’
SME Finance Forum member, Mastercard collaborated with cloud solution provider Zoho, to provide ‘SME in a Box.’ The solution provides easier payments, manage GST compliance and back-office operations. According to the article, the new solution will allow 73 million SMEs in the country to receive or make payments through all digital forms including...
IFC and Top Tech Firms Drive Economic Opportunities for Women
Under the new initiative, ‘Digital2Equal’ led by IFC, a sister organization of the World Bank and member of the World Bank Group, seventeen leading tech companies have joined together to support this initiative focused on increasing opportunities for women. The companies participating include: Airbnb, Inc., Google LLC, LinkedIn, Didi Chuxing...
10+ Innovative Fintechs to Demo the Global SME Finance Forum 2018
The Global SME Finance Forum 2018 will explore how innovation in technology, regulation and partnerships can help overcome various informality problems, and open up a far larger market for profitable, sustainable, responsible financial services. The TechPitch will be held in the afternoon of November 6, and will provide an opportunity for...
First Look at the Global SME Finance Forum 2018 Marketplace
The Global SME Finance Forum 2018 will explore how innovation in technology, regulation and partnerships can help overcome various informality problems, and open up a far larger market for profitable, sustainable, responsible financial services. The Marketplace, an exclusive opportunity for B2B introductory meetings, had over 100 participants at...
Member News: Xero Partnered With Tyro, Australia’s Business-Only Bank to Enhance Its EFTPOS Solution
Tyro is able to offer flexible, same-day settlement and payroll integration to benefit Australian SMEs, due to SME Finance Forum member Xero’s accounting software. Tyro has deleted an extra step of separately processing payroll, instead merchants can submit their information directly through Xero, which is linked to a Tyro Smart Account, according...
Member News: Common Wealth Bank Partners with Tech Giants to Deliver SME-Driven Program
The Common Wealth Bank of Australia (CBA) teams up with Amazon, Google, Salesforce, Mastercard, Phoria and UsTwo, to provide a program that encourages the use of digital technologies. The program aimed at SMEs in Victoria is geared toward helping them embrace innovation. The announcement was revealed at the Small Business Festival, where CBA is...
SME Finance Forum Launches the Global SME Finance Awards
The SME Finance Forum is proud to announce the launch of the Global SME Finance Awards, a program celebrating outstanding achievements of financial institutions and fintech companies in serving MSME clients. Award Categories Product Innovation of the Year SME Bank of the Year Responsible Digital Innovator of the Year Winners will be recognized on...
Member News: Standard Chartered to Jointly Launch a Trade Finance Platform
According to Reuters , Hong Kong’s banking regulator and seven banks, including SME Finance Forum member Standard Chartered PLC said they will jointly launch a trade finance platform in September using blockchain technology. Reuters says the platform will be one of the largest examples globally of a government-led, cross-bank effort to reform the...