Library

Library

The Role of Social Media in Extending Financial Opportunities – FinTech Examples
The number of social media users worldwide has reached 2.34 billion and is expected to grow to ~2.95 billion by 2020. Social media users generate 500 million tweets every day, and share 1.3 million pieces of content on Facebook every minute of every day, not mentioning other widely adopted channels. Two things allowed social media to become a...
Assessing the Fintech Digital Gameboard
Two weeks ago I wrote about the position of strength that banks are operating from in their Fintech relationships . But, many banks are failing to take advantage of what Fintechs offer. Too often, banks pursue an incremental approach, addressing specific one-off problems rather than considering their own and their customer’s digital needs more...
First look at the Global SME Finance Forum 2017 Marketplace
SME Finance Forum 's annual flagship event, to be held on 1-3 November in Berlin, Germany, will bring 400+ senior executives from commercial banks, development finance institutions, fintech companies, as well as regulators to focus on leveraging digital banking to serve MSME. The Marketplace , an exclusive opportunity for B2B introductory meetings...
What banks can learn from Amazon
In the last year alone, Citi, BBVA, Capital One and other major banks have opened their APIs to third party developers to innovate better and faster To truly be customer-first and prioritize the customer experience above all, banks should look to platforms as business models, not tech constructs No one knows if Amazon will be buying a bank anytime...
FinTech as Digital Solutions for SMEs
The financial technology ( FinTech ) field grew and developed rapidly as a response to the financial problems we face, from making financial information more accessible to addressing the lack of financial inclusion in various countries. Small and medium-sized enterprises (SMEs), in particular, can benefit from the digital solutions offered by...
Dubai startups get new funding sources
Platform offers SMEs crowd funding and peer to peer finance. The Mohammed Bin Rashid Fund (MBRF), which is the financial arm of Dubai SME, and finance platform Beehive have signed a memorandum of understanding (MoU) to aid small and medium-sized enterprises (SMEs) with their financing needs. The MoU will enable SME owners in Dubai to obtain loans...
Why Banks Need Fintechs To Understand Their Customers
The banking and fintech community now widely view data as the new frontier of finance. The successful banks of tomorrow understand that the key to success lies in harnessing their massive amounts of customer data, and to successfully do this, they must collaborate with their agile counterparts, fintechs. Steve Ellis, head of innovation at Wells...
European banking associations present high level principles for banks’ feedback on SME credit applications
The European Banking Federation, together with four other European banking associations (EAPB*, EACB , EMF-ECBC and ESBG ), presented today a set of high-level principles regarding the communication between SMEs and banks around loan applications. The principles, developed in discussions with European SME organisations, aim at promoting high...
A Local Approach To The Universal Challenge Of SME Finance
From the U.S. to Mexico to India to sub-Saharan Africa, SMEs’ need for access to capital is universal. What differs across geographic markets, however, is how small businesses can gain that access. For some, it’s through their traditional banks. For others, underbanked markets need FinTech innovations to see financing. The particulars of each...
Pour la troisième édition de l’étude de la BEI sur le secteur bancaire en Afrique subsaharienne, les auteurs traitant de l’évolution de ce secteur dans chaque sous-région ont été invités à se pencher de manière inédite sur les services financiers numériques et les conditions nécessaires à leur éclosion et au renforcement de l'inclusion financière...