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Key Considerations for Open Finance
Digital Transformation
November 2024 Highlights Open finance is a financial innovation that facilitates customer-permissioned access to and use of customer data held by financial institutions to provide new and enhanced services and develop innovative business models. Open finance frameworks can spur innovation, improve competition, enhance customer empowerment, and...
From challenges to opportunities: The journey of persistence, resilience, and growth
Sustainable Finance
The Small and Medium Enterprise (SME) sector in Pakistan plays a pivotal role in the national economy, contributing approximately 40% to GDP and providing employment to millions. Despite its significance, the sector faces numerous challenges that hinder its growth and development. Key barriers include limited access to finance, complex...
Registrations for the 10th GABV Leadership Academy now open - Deepen Your Leadership Impact
Financial Education
10 Years of Leadership Excellence - Registration Now Open for the 2025 GABV Leadership Academy Dear GABV members, We are excited to announce the 10th edition of the GABV Leadership Academy —a milestone in shaping resilient leaders in values-based banking! Registrations are now open until 5 December 2024. This year’s programme, ' Resilience in the...
2024 Financial Access Survey (FAS) Annual Report – 15th Anniversary Edition
Digital Financial Services
IMF Releases the 2024 Financial Access Survey Results October 30, 2024 Washington, DC: The International Monetary Fund (IMF) released the results of the 2024 Financial Access Survey (FAS), marking the 15th anniversary of the FAS. The report “FAS: 2024 Highlights,” published along with the data release, summarizes the key trends on access to and...
Nepal Bankers’ Association, an Umbrella Organisation of all 'A' Class Commercial Banks of Nepal, joins the SME Finance Forum
Governance
Washington D.C, Nov 11, 2024 – Nepal Bankers’ Association , an Umbrella Organisation of all 'A' Class Commercial Banks of Nepal has joined the SME Finance Forum as the global membership network’s latest member. The 300+ members/affiliates of the Forum are SME financing experts operating in 190 countries who share the common goal of expanding...
Banking for SMEs: The voice of the makers
Digital Transformation
Fintech
A follow-up series of Banking for small and medium enterprises by IBM Institute for Business Value Small and medium-sized enterprises (SMEs) form the backbone of the global economy, representing 90% of all firms, employing approximately 70% of the world’s workforce, and contributing 50% to global GDP.* Despite their significance, SMEs face many...
10x1000 Tech for Inclusion, an open and global learning platform, joins the SME Finance Forum
Financial Inclusion
Washington D.C, Nov 1, 2024 – 10x1000 Tech for Inclusion , an open and global learning platform has joined the SME Finance Forum as the global membership network’s latest member. The 300+ members/affiliates of the Forum are SME financing experts operating in 190 countries who share the common goal of expanding access to finance to small businesses...
Middle market businesses are a growth engine for the global economy
Digital Transformation
A white paper outlining one of Mastercard's Point of View (POVs) on SMEs. Many entrepreneurs eventually outgrow their small business roots to become middle market firms. This fast-growing, resilient sector of the global economy, employing 50 to 250 employees, is responsible for a large portion of commercial spending — $24.2 trillion in B2B spend...
Unlocking the Decarbonization of SMEs: How Public Development Banks Are Supporting SMEs And Measuring The Success of Their Solutions
Sustainable Finance
As the world faces the urgent challenge of climate change, financial institutions, especially Public Development Banks (PDBs), are crucial in helping Small and Medium Enterprises (SMEs) transitioning to a low-carbon economy. This publication reviews the different solutions offered by 16 Public Development Banks (PDBs) to support the...
Inclusive Fintech: How Startups are Bridging the Finance Gap for Microenterprises
Fintech
October 2024 Highlights: Inclusive fintech startups are early-stage, venture-backed enterprises creating innovative credit products for microenterprises in emerging markets, which holds great promise for the future of microenterprise finance. In this note, we highlight strategies employed by fintech startups that benefit microenterprises via three...
Financier of the Year: Worlds’ biggest financial leaders applaud C2FO for job-creating capital access
Fintech
By: Tommy Felts - October 04, 2024 Sandy Kemper, founder and CEO of C2FO, speaks during a panel conversation at the 2024 SME Finance Forum in São Paulo, Brazil; photo courtesy of C2FO C2FO would’ve been profitable in the US alone, CEO says; how solving for global needs made it an even stronger fintech leader T he impact of one Kansas City-built...
Business Ready (B-READY) 2024
Trade Finance
Policy & Regulation
Business Ready (B-READY) 2024 report assesses the regulatory framework and public services directed at firms, and the efficiency with which regulatory framework and public services are combined in practice.
The World Bank Group and Partners Launch Sustainable Finance Knowledge Center for Francophone Africa
Sustainable Finance
Washington, D.C., October 1, 2024 - The World Bank Group and partners have launched the “ Sustainable Finance Knowledge Center for Francophone Africa ” today. A first preview of the center was presented two weeks ago at the annual Global Meeting of the SME Finance Forum in Brazil. This virtual platform, available in both English and French, is...
Cooler Finance
Sustainable Finance
Mobilizing Investment for the Developing World's Sustainable Cooling Needs Rising global temperatures mean demand for cooling in homes, workplaces, and across supply chains is accelerating, particularly in developing economies where the impact of extreme heat is already being felt most acutely. Heat-related deaths are running at an annual average...
AI in Finance: Bridging the Inclusion Gap
Financial Inclusion
Fintech
June 5, 2024 | Washington DC EMpact is helping build AI Labs within our partner organizations as a part of our effort to accelerate digital transformation of agricultural value chains and relevant financial services. Today, EMpact published a new white paper that delves into the pivotal role of Artificial Intelligence (AI) in propelling financial...
Banking for small and medium enterprises
Data Analytics
Fintech
Small and medium enterprises face many challenges within a rapidly evolving economic landscape—one that demands innovative banking solutions. Small and medium-sized enterprises (SMEs) form the backbone of the global economy, representing 90% of all firms, employing approximately 70% of the world's workforce, and contributing 50% to global GDP. But...
KoreFusion Consulting, a boutique strategy consulting and investment bank focused on SME payments and financing in North America and Western Europe, joins the SME Finance Forum
Non Financial Services
Equity
Washington D.C, September 30th, 2024 – KoreFusion Consulting , a boutique strategy consulting and investment bank focused on SME payments and financing in North America and Western Europe has joined the SME Finance Forum as the global membership network’s latest member. The 300+ members/affiliates of the Forum are SME financing experts operating...
IBM Study: Global Banking Industry’s Focus on Risk Mitigation, Regulatory Obligations and Cost Containment May Hinder the Potential of Small to Medium-Sized Companies to Grow
Financial Inclusion
Digital Transformation
Divergent views among business leaders and bankers on priorities uncover a white space for nimble financial institutions to compete in this varied market segment. ARMONK, N.Y., September 18th, 2024 – New findings from IBM’s (NYSE: IBM) Institute for Business Value and the Banking Industry Architecture Network (BIAN), with contributions from the...
InvoSoko Africa, a leading SMEs focused Supply Chain Finance solutions provider in Sub-saharan Africa, joins the SME Finance Forum
Supply & Value Chain Finance
Washington D.C, Aug 30, 2024 – InvoSoko Africa, a leading SMEs focused Supply Chain Finance solutions provider in Sub-saharan Africa has joined the SME Finance Forum as the global membership network’s latest member. The 300+ members/affiliates of the Forum are SME financing experts operating in 190 countries who share the common goal of expanding...
Global SME Finance Forum 2024 - VIDEO TEASER
Digital Financial Services
Digital Transformation
The Global SME Finance Forum is the largest, most geographically diverse and cutting-edge gathering on SME finance, which brings together experienced global leaders to facilitate the exchange of insights, promote best practices, and chart the future trajectory. Since 2015, its forward-thinking agenda, tackling topics such as sustainable finance...