Articles

Banque du Caire CEO Shares Their Strategy for SME Financing

Banque du Caire has embarked on a five-year transformation strategy that includes regional expansion, strengthening its digital platform and boosting SME financing and financial inclusion. This interview with the CEO Tarek Fayed, shares how the bank is expanding its SME loan and microfinance portfolios.

Articles

Articles

How fintech is setting Southeast Asia’s SMEs free
A lack of previous credit history creates a vicious cycle for SMEs. Loan applications with missing information are automatically rejected by formal institutions, which leads SMEs to again go back to informal sources of funding. To solve this problem, the question that needs to be tackled is: how can underwriting of SME loans be simplified, given...
Early Lessons from the CEO Partnership for Economic Inclusion - UNSGSA
A few months after the leaders of the CEO Partnership for Economic Inclusion (CEOP) met for the second time in Davos during the World Economic Forum (WEF) , we spent two days working with the companies’ advisors to advance the initiatives which have launched on the ground, and to come together to explore new ones. Rabobank, one of the 10 member...
How Fintechs Are Demystifying The Idea That It Is Hard To Lend To MSMEs
Jessica Alfaro, a Financial Sector Specialist at the SME Finance Forum, was the introductory speaker on the Corporate and Commercial panel at the Accenture Fintech Forum “What is Really Working” on May 13. This event was part of the FinTechStage Festival 2019 taking place over five days in Milan, Italy. Alfaro was joined on the panel by speakers...
Interview: Ceyla Pazarbasioglu on Financial Inclusion
Ceyla Pazarbasioglu spoke to Financial Times to discuss what she thinks of financial inclusion. She said it is the core mission of the World Bank, where she has been vice-president for equitable growth, finance and institutions since October of last year. In the Middle East and Africa, she says, fintech’s role in financial inclusion is seen as a...
Going Digital in Collections to Improve Resilience Against Credit Losses
Household debt is at an all-time high, delinquencies have been rising, and forward-looking macroeconomic indicators are softening. As a result, lenders are reexamining their capacities for handling delinquencies. Part of that reevaluation for heads of collections involves taking into account changes in the consumer landscape. For example,...
Policies to Help SMEs Access Alternative Data
There is a shortage of credit data on MSME borrowers — also referred to as ‘thin file’ borrowers, since MSMEs lack access to traditional credit facilities through banks and other traditional lenders. The authors in this World Bank Group blog say that this information asymmetry has paved the way for identifying new ways to assess the...
The Future of Banking
The journey from unbundling to rebundling and back has been a formidable one. Emerging technologies and the pace of innovation are driving changes throughout the banking industry at an unprecedented rate. From Asia to Europe, U.S. to Africa, and Australia to the Middle East, consumers are not only increasingly adopting digital – most are demanding...
Banque du Caire CEO Shares Their Strategy for SME Financing
Banque du Caire has embarked on a five-year transformation strategy that includes regional expansion, strengthening its digital platform and boosting SME financing and financial inclusion. This interview with the CEO Tarek Fayed, shares how the bank is expanding its SME loan and microfinance portfolios. “We are planning to offer our clients a well...
World's First Private Sector Gender Bond Finances Women-Owned SMEs in Emerging Markets
IFC invested $75 million in a Gender Bond issued by Turkey’s Garanti Bank (a SME Finance Forum member). IFC details the story of how and why the investment with Garanti was a bold one. The bank, which is known in the market for its commitment to access to finance for women, is the first private sector bank in the world to launch a gender bond...
Mastercard VP Shares How Partnering with Strands is Helping SMEs with Cash Flow Management
Jay Singer is Senior Vice President, Global Small Business Segment at Mastercard. In this role, he leads the global development and commercialization of the Mastercard innovative commercial products and solutions that serve small businesses. In an article, Singer speaks of how poor cash flow management is one of the top reasons small businesses...