Publications

The OCC and Fintech, Ready for Innovation and Collaboration

The Office of the Comptroller of the Currency (OCC) is now accepting applications for national bank charters from fintech companies active in the “business of banking.” The company must engage in the following:

Publications

Publications

The OCC and Fintech, Ready for Innovation and Collaboration
The Office of the Comptroller of the Currency (OCC) is now accepting applications for national bank charters from fintech companies active in the “business of banking.” The company must engage in the following: Receiving deposits Paying checks Lending money Comptroller of the Currency Joseph M. Otting stated, “The decision to consider applications...
Study: Banking a Challenge for 65 Percent of UAE SMEs
Complex procedures and lengthy documentation are becoming a deterrent for United Arab Emirates (UAE) SMEs. Almost two-thirds of entrepreneurs, state banking as an issue. Opening a bank account can take new SMEs up to three months to open; a white paper report from the Dubai Chamber of Commerce states complex verification processes are also...
Innovation in Retail Banking Report 2017
The Innovation in Retail Banking report includes results of a global survey of more than 250 financial institutions, case studies from organizations of all sizes and insight contributions from some of the most respected innovators in banking. The innovation agenda has become intertwined with the digitalization agenda, where transforming back-...
South African SMME Access to Finance Report 2018
The report analyses a unique data set, provided by Finfind, of SMME funders and SMMEs seeking finance. It was sponsored by the SA SME Fund and identifies access to finances challenges, gaps and potential solutions. The Finfind 2017 cleaned data sample of 11 033 SMME funding requests is larger than the South African GEM report and is one of the...
Report: What SMEs Can Expect in 2018
A report by Wylde International indicated that about 68 percent of SMEs in Kenya lacked access to finance due to interest rates capping. This cap was the second largest problem SMEs faced in 2017. “Only 14 percent of SMEs increased revenue above 25 percent,” according to the report. Kenyan banks have turned to external funding to alleviate the...
Report on the Affordable Capital for SME Growth Inquiry
The Australian Small Business and Family Enterprise Ombudsman, Kate Carnell, released a report from the Affordable Capital for SME Growth inquiry on June 29. Launched in April 2018, the inquiry explored the range of international and national initiatives that sought to address the funding gap for small to medium sized enterprises (SMEs). Lenders...
Improving Access to Finance for SMEs through Credit Infrastructure Reforms
This report focuses on practices aimed at improving SMEs access to finance in three areas—credit reporting, secured lending and insolvency. Each section uses data collected by the World Bank Group's Doing Business team to describe how various practices recommended by existing research have been implemented in economies across the world. The first...
By Lending More to Women, Tunisian Banks Could Help Drive Growth: New IFC Report
By ramping up their lending to female entrepreneurs, banks in Tunisia could dramatically increase their profits while also driving economic growth across the country, says a new report from IFC, a member of the World Bank Group. The report found that women, who own about one-fifth of Tunisia's businesses, represent a vast untapped market for...
EIF SME Access to Finance Index - June 2018 Update
This EIF Working Paper elaborates on the most recent update of the EIF SME Access to Finance (ESAF) Index, a composite indicator used to monitor SME external financing markets in the 28 EU countries. The current update, using latest available data, constitutes the fifth iteration of this exercise. The paper is used to provide some background...
Future of Trade Says Alternative Trade Finance is on the Rise for SMEs
According to DMCC global Future of Trade research, technology could bridge the current $1.5 trillion trade finance gap, unlocking new opportunities for trade across borders. They examine the impact of blockchain and fintechs on trade as well as reveal business sectors making the most progress in terms of digitalisation. The report states that 50%...