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Minister Ng Meets With Small Business Owners in British Columbia
The Minister of Small Business and Export Promotion, the Honourable Minister Ng, met with business owners in British Columbia to learn about the trials and triumphs encountered by SMEs when doing business. While there, Minister Ng announced she will provide $3.5 million in funding to support British SMEs through the Canada Summer Jobs Program...
Fintech for Social Good
A special report, Fintech for Social Good, has been released as a follow-up to the Financial Inclusion in the Developing World 2018 Q2 report by Deep Knowledge Analytics. The report is focusesd on the following key elements as it relates to non-commercial activities: The work being done by non-profits, governmental organizations, NGOs and...
Report: Business Banking Service Quality - Great Britain
A survey conducted by the BDRC between Sept. 2017 and June 2018 revealed the quality of service provided by banks from SME business account customers. SMEs were asked to give feedback in the following areas for their respective bank: Overall service quality Online and mobile banking services Services in branches and banking centers SME overdraft...
White Paper: MNC-SME Linkages in Latin America
Americas Society/Council of the Americas and Florida International University present the MNC-SME Linkages in Latin America white paper focused on highlighting the link between MNC-SMEs in Latin American (LATAM) regions. According to the whitepaper, “Access to technology, technical assistance, and financial support can boost SMEs’ competitiveness...
The Cost of Being Poor: Is Fintech the Answer?
In the UK 1.5 billion adults are “unbanked” according to Ronnie Lavie, Managing Editor for the Fintech Times. A vicious cycle, of financial exclusion has interrupted lower-income populations from enjoying the benefits from the fintech industry. Sofie Blakstad, Founder and CEO of financial trust platform ‘Hiveonline’ shared, “Wealth disparity is...
Will the Promotion of Arab Women as Entrepreneurs Make a Difference?
One in three start-ups in the Arab World is led by women—a higher rate than in Silicon Valley, according to an IFC article. Improving access to finance and promoting digital platforms are key to helping them succeed. The article says that many entrepreneurs from the region believe that technology is one of the few spaces where everything is viewed...
Aligning Expectations: The Business Case for Digital Financial Services
IFC and Mastercard have launched a research report providing insight into the case for Digital Financial Services (DFS) and financial projections from nine microfinance institutions in Sub-Saharan Africa. The four-year study includes a set of best practice financial modeling benchmarks that can be used as a valuable guide for financial...
Central Bank of Nigeria Emphasizes Increase for Credit Culture for SMEs
During a workshop for SMEs, hosted by the Bankers’ Committee, Central Bank of Nigeria’s (CBN) Senior Manager for the Development Finance Department, Chinedu Zephaniah shared that poor business habits and fragile financial systems have made it complicated to support SMEs. “At the moment, we have disbursed N170 billion to support SMEs but the...
Financial World: Finance-As-A-Service API PlayBook
Data exchange through Application Programming Interfaces (APIs) has become increasingly popular as it facilitates industry wide innovation and increases business agility. This API-oriented approach towards technology architecture has generated a lot of attention. Banks and financial institutions are adapting quickly to rapid changes in consumer...
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...