Library

Library

Member News: ICICI Bank announces launch of a mobile banking application for rural customers
ICICI Bank Ltd., India’s largest private sector bank by consolidated assets, announced the launch of a unique mobile banking app for rural customers that allow them to access banking services as well as information on agri services. Anyone including non-ICICI Bank customers can also download and use the app which is available in eleven Indian...
6 Ways Slow Payments Affect Small Businesses
For many small businesses, slow payments are a fact of life. We surveyed small businesses in the U.S. to understand exactly how unpaid invoices affect their growth. For example, nearly a quarter of American SMBs freeze hiring when cash flow is slow. The opportunity cost is huge: If all small businesses were paid for all of their unpaid invoices,...
Fintech in MENA: Unbundling the financial services industry
This report was created with the aim to inform entrepreneurs, investors, policymakers, large corporations and the general public about the opportunities and challenges for fintech startups in MENA.IN particular this report tries to answer the following questions: What are the drivers and barriers for fintech in MENA? What solutions are fintech...
Member News: Ashraf Sabry, CEO of Fawry, on creating a cashless society
To what extent have efforts to increase cashless transactions in Egypt been successful? ASHRAF SABRY : The measures have so far been successful, but it still takes time to become a completely cashless society. The country has advanced a lot in expanding what we call “silent business”, the ratio of people carrying cards in their wallets. But this...
Crowdfunding, the solution for SMEs in South Africa?
In 2015, the South African Institute of Chartered Accountants (Saica) published the Small and Medium Enterprises (SMEs) Insights Report. The report provided meaningful insight into the depressed economic environment stifling SME growth and explored ways to improve opportunities for SMEs in South Africa. The report identified the greatest obstacle...
The Distributed Economy: Four Ways Blockchain Can Transform MSMEs in Emerging Markets
Together, micro, small and medium enterprises (MSMEs) are the largest employers in many developing countries, yet their viability suffers from limited access to savings, insurance, credit equity and payments services. According to the International Finance Corporation’s Enterprise Finance Gap Database, there are 400 million MSMEs in developing...
IFC provides $40 million to Banco CMF to promote access to finance for SMEs in Argentina
IFC, a member of the World Bank Group, will provide $40 million to Banco CMF to expand the bank’s lending to small and medium enterprises (SMEs) in Argentina. Banco CMF provides personalized services to its SME clients, thus allowing it to address their specific lending needs. Financing SMEs in emerging markets is key because they are an essential...
DNB says its future is to become a "technology company with a banking licence"
Having cut half of its branch network in 2016 to focus on digital development, Norway's DNB is rolling out a range of incubation and startup initiatives to accelerate its vision of becoming "a technology company with a banking licence". In the first half of the year, DNB reduced the number of branch offices in Norway from 116 to 57 to reflect...
Member News: CBA, Kenya’s most innovative bank Launches Mobile-First Digital Banking Service incorporating Strands PFM
Commercial Bank of Africa Limited (“CBA”), Kenya’s largest privately owned Bank, has recently launched the region’s first Digital Banking Service, CBA Loop, which incorporates Personal Financial Management (PFM) solution, in collaboration with Strands. CBA, has presence across several countries in Eastern Africa including Tanzania, Uganda and...
Sponsorship Brochure - Global SME Finance Forum 2017
The Global SME Finance Forum is an annual global meeting of leaders from banks, fintech companies and government institutions, working on accelerating access to finance for small businesses. This year’s event will take place in Berlin, Germany, which also holds the G20 Presidency. The action-packed 3–day event will include study visits to high-...