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Supply & Value Chain Finance
The supply chain finance industry is evolving rapidly, driven by factors such as trade policy uncertainties and the need for Supply Chain Finance (SCF) solutions in a changing trade landscape. Efforts are underway to support SMEs through SCF, simplify processes, and increase awareness. Environmental, social, and governance (ESG) considerations are gaining importance, with stakeholders agreeing on sustainability KPIs. Regulatory challenges, digitisation of international trade, technological innovations like AI and cloud technology, and collaborative approaches are shaping the industry’s future, indicating a dynamic and transformative landscape. The BCR will hold its Annual Supply Chain Finance Summit on January 29th and 30th...Read more
Supply & Value Chain Finance
REGIONAL CONFERENCE Supporting SMEs within the Financial Supply Chain through Traditional & Reverse Factoring 25-26 February 2025 | Coral Gables, Miami, USARead more
Digital Finance Developments offers insights into timely topics in digital finance. This edition examines new efforts to coordinate AI policy across jurisdictions and the creation of new venues for this work, as policymaker focus shifts toward international cooperation. This piece explores how: Governments and international organizations have recognized the urgency of streamlining their approaches to AI safety, reflected in recent joint communiques, prompting tangible efforts at international collaboration. AI safety institutes (AISIs) are becoming a crucial mechanism for harmonizing safety standards and building consensus around the definition of safe AI; a newly established network of institutes will be crucial to...Read more
Creative Industries (CI) use culture and creativity as the main inputs to produce functional outputs with commercial value. They have a multidimensional development impact and directly contribute to the Sustainable Development Goals. The global Creative Industries sector generates nearly $2.25 trillion/year (UNESCO) and represent up to 2-7% of GDP where they are most developed and provides employment to 29.5 million people globally, especially for youth and women (largest global industry employing youth). Creator economy is the driver of a new generation of innovators, redefining industries like fashion, finance, technology, entertainment, food, wellness, social good. Topics: The webinar will focus on...Read more
Digital Financial Services
Featuring Global SME Finance Awards Platinum Winners G ain I nsights from Three Awardees and G et R eady to A pply fo r the 2025 Awards ***************** The Global SME Finance Awards Since its launch in 2018, t he Awards recognize and celebrate the outstanding achievements of financial service providers in delivering exceptional products and services to scale SME finance in their respective markets. It provides an opportunity for institutions to highlight and share good practices, impact, knowledge, and be recognized amongst the global peer group of world leaders in SME finance and services. LEARN MORE ...Read more
Digital Financial Services
Welcome to our latest blog post where we delve into the fascinating world of SME banking. During our latest webinar on November 25, we invited Paolo Sironi to share some of the key findings from IBM's Institute for Business Value (IBV)’s recent study, which features contributions from the SME Finance Forum. Together with four banking executives from Nubank (Brasil), Starling Bank (UK), Wema Bank (Nigeria), and Intesa Sanpaolo (Italy) – invited to comment on IBV report’s results - we learned how banks need to understand and integrate into the SME ecosystem. IBV’s innovative research approach The study involved interviews with...Read more
Alternative Financing
This Innovation Hub is a supportive and innovative community of SME finance professionals dedicated to expanding access to finance for SMEs through digital transformation . The Hub focuses on : Managing the risk of disruptive technologies ( Artificial intelligence and Machine learning) Making successful partnerships with digital enablers Navigating digital regulation (open banking) Improving c ustomer experience and SME digitalization Promoting embedded finance Deploying alternative data and big data analytics The Digital and Embedded Finance Innovation Hub will be holding its second Solutions Clinic at 8.00am EST on Wednesday January 29 , 2025 . Our solutions clinics are member-only interactive, roundtable-style...Read more
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 foster financial inclusion. However, open finance can also pose new or enhanced risks and requires careful design and adequate safeguards. As a growing number of countries consider, design, or implement open finance frameworks, CGAP, BIS, IMF, UNSGSA, and the World Bank offer key considerations for designing an inclusive open finance framework that reaches and...Read more
FINANCING
Each month we are running sessions featuring leading small business lenders and SME growth facilitators who present their MSMEs offerings in a 7-minute pitch to an audience of potential financial institution clients and partners looking for impactful fintech solutions. Through those sessions - run by the SME Finance Forum and powered by IFC - we foster collaboration between financial institutions, fintech companies, development finance institutions and investors. We have featured 130+ companies active in many different markets, attracted +2000 participants and generated many business leads, leading to investments, partnerships,...Read more
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 documentation requirements, low adoption of technology, and restricted market access. According to a World Bank report, only 7 percent of SMEs in Pakistan have access to formal financing, which severely limits their potential to grow. Traditional banking systems have often fallen short of addressing the specific needs of SMEs, relying heavily...Read more
Sustainable Finance
Rejoignez-nous pour un webinar captivant avec Laetitia Hamon, Responsable de la Finance Durable à la Bourse de Luxembourg (LuxSE), la principale plateforme mondiale dans ce domaine. Aux côtés de Mahamadi Balima, Responsable de la finance durable pour l’AMF-UMOA et modérateur du webinar, elle vous entraînera dans une discussion inspirante sur le rôle crucial de la finance durable pour la résilience et la croissance du continent africain. Ce webinar est également une chance d’en apprendre davantage sur les produits, les taxonomies et les régulations qui façonnent cette révolution économique vers un avenir durable et inclusif. Que vous soyez acteur du secteur...Read more
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 Face of Polycrisis ,' is designed to equip senior professionals with the leadership capacity and personal development tools to drive change in an increasingly complex world. The programme runs from February to May 2025 , featuring four engaging online sessions and a 5.5-day in-person retreat...Read more
While there are many challenges for SMEs, there are important steps SMEs can take to build resilience, including improvements in financial literacy to navigate uncertainty. Business decisions can be challenging for SMEs if they fail to identify key metrics to measure performance and report relevant data to financial service providers. This hub will discuss how to help SMEs improve financial understanding and awareness, get relevant business advice and effectively manage liquidity and debt. On the other end, members will also tackle how financial service providers can improve their own understanding of digital disruptions in financial services so they can implement...Read more
Agrifinance plays a very significant role in providing crucial access to capital for farmers and SME agribusinesses, allowing them to invest in necessary equipment, land, and seeds, enabling them to enhance their productivity, yields, and grow their operations and income. Due to the inherent uncertainties in agriculture, especially volatile weather patterns, unpredictable crop yields, unstable commodity prices, and access to input and output markets, which can considerably impact on the ability of farmers and agribusinesses to repay loans, creating the perception of a high-risk investment for lenders, particularly banks, compared to other sectors. This upcoming innovation hub on agrifinance, scheduled...Read more
Sustainable Finance
Join us for the 17th GABV Annual Meeting March 10-13, 2025 - Kampala, Uganda This exclusive event is designed for CEOs, Governing Board members and senior executives from the GABV network, offering a unique opportunity to connect, collaborate, and chart the future of values-based banking. Our host, Centenary Bank, is a pioneer in inclusive finance and Uganda’s leading values-based commercial microfinance bank. With 3 million customers, Centenary Bank is the largest majority Ugandan-owned bank and a powerful example of inclusive finance that fosters sustainable development and economic resilience. Throughout the meeting, participants will explore how banks can lead the way...Read more
Financial Inclusion
Sustainable Finance
Digital Transformation
Join us from 26–28 February 2025 in Cape Town, South Africa, for the 5th Finance in Common Summit (FiCS), co-hosted by the Development Bank of Southern Africa (DBSA) and the Asian Infrastructure Investment Bank (AIIB). The 2025 summit will unite global leaders, public development banks, the private sector, and philanthropies to reimagine and reshape sustainable finance.
FiCS 2025, themed “Fostering Infrastructure and Finance for Just and Sustainable Growth,” serves as a global platform for over 2,000 changemakers dedicated to creating a greener, more inclusive world. The event will address key challenges through three core pillars: Inclusive Finance : Promoting...Read more
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 usage of financial services over the past few years. Established in 2009, the FAS has played a crucial role in providing essential data to develop and evaluate financial inclusion policies, a topic of key relevance for the IMF, as it fosters broader economic participation, reduces inequalities,...Read more
Digital Transformation
19-20 November | City of London, UK TOGETHER WE DRIVE BANKING MODERNISATION Financial institutions worldwide are facing a pivotal point. The need to streamline, integrate and scale digital solutions and emerging technologies has shifted from being a long-term goal to an urgent and strategic priority to remain competitive. Driven by the financial sector’s digital transformation, the global adoption of the BIAN standard has reached a similar critical juncture. Today BIAN is recognised by the global industry ecosystem as the key tool to enable the modernisation of banking operations. The BIAN Banking Summit is where the industry comes together to supercharge...Read more
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 affiliate. 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 worldwide through knowledge exchange and innovation. “SME Finance Forum proudly welcomes the global learning platform. It is with great pleasure I welcome Nepal Bankers’ Association to SME Finance Forum which is in line with our strategy of...Read more
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 challenges that demand innovative banking solutions. Banks and neobanks are responding with new business strategies and tech-led innovation. The IBM Institute for Business Value (IIBV) invited 10 financial institution executives to discuss their strategic perspectives on how banks compete in diverse, dynamic SME markets. Banca Intesa...Read more
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 affiliate. 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 worldwide through knowledge exchange and innovation. “SME Finance Forum proudly welcomes the global learning platform. It is with great pleasure I welcome 10x1000 Tech for Inclusion to SME Finance Forum which is in line with our strategy of to help emerging...Read more
![Supply Chain Finance Innovation Hub - [Solutions Clinic]](https://smefinanceforum.org/sites/default/files/SCF%20Innovation%20Page%20Image_0.png "Supply Chain Finance Innovation Hub - [Solutions Clinic]")
Supply & Value Chain Finance
The Supply Chain Finance Innovation Hub develops a supportive and innovative community of SME finance professionals dedicated to expanding access to financing for SMEs through Supply Chain Financing solutions. The Community focuses on (i) supporting members in problem solving and achieving scale in SCF solutions through sharing of industry best practices, (ii) Synergizing expertise within the SCF Innovation Hub community while integrating industry level expertise, (iii) Supporting forward looking innovation, pilots, and content development. The SME Supply Chain Finance Innovation Hub will be holding its second Solutions Clinic at 8.00am EST on Wednesday November 20. Our solutions clinics are member-only...Read more
Supply & Value Chain Finance
Accelerating SME Access to Finance through E-Invoicing and Credit Infrastructure Join us for an insightful webinar on how e-invoicing and credit infrastructure reforms are revolutionizing access to finance for Small and Medium Enterprises (SMEs). Adoption of e-invoicing is increasing rapidly, driven by the digitization of business processes and, in some markets, by government mandates. Digital invoice repositories, whether third-party platforms or government-operated systems, are forming part of the essential Digital Public Infrastructure, that not only enhance business operations and tax compliance but also significantly improve access to finance for SMEs. Expert presenters will cover: Credit infrastructure that enables leveraging e-invoices...Read more
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 in 2022. As they scale, however, their ambition to digitize, automate and streamline operations is largely unfulfilled. In partnership with banks, Fintechs and other players, we are helping our stakeholders identify those needs in detail and outlines a multi-pronged approach for banks and Fintechs to position...Read more
Digital Transformation
A recent research paper by the IBM Institute for Business Value, the SME Finance Forum, and the Banking Industry Architecture Network sheds light on the challenges facing SMEs in accessing adequate financial support. The Banking for Small and Medium Enterprises: Serving the World Economy with Data and AI report shares insights and analysis resulting from a global survey of SME business owners and managers with 50 or more employees, senior banking executives and fintech leaders. The study reveals that the global banking industry's preoccupation with risk mitigation, regulatory obligations, and cost containment...Read more
This global event is a premier opportunity for our members and partners in Asia and surrounding regions, and those coming from far away, to engage with industry leaders, exchange insights, and contribute to shaping the future of finance and technology. As a Knowledge Partner of the SFF, the SME Finance Forum is excited to offer a 20% discount for you— use the link above on the members portal . We are committed to driving innovative solutions to improve access to financial services for SMEs, building on the key themes of AI, digitization, and sustainability discussed at our recent Global SME...Read more
TECHNOLOGY & INNOVATION
Join us for an exclusive webinar, "Spotlight on Innovation: SME Finance Leaders 2024," where we recognize and celebrate the trailblazers in SME finance. This event will showcase the remarkable achievements of some of our platinum winners who have made significant impacts in the industry. Event Highlights: Discover the innovative solutions and best practices that have set these winners apart in categories such as Best Financier for Women Entrepreneurs, Product Innovation of the Year, SME Financier of the Year, and Sustainable Bond of the Year. This session is a unique opportunity to gain insights from the winners and...Read more
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 decarbonization of SMEs . The paper also analyzes how PDBs measure the impact of their solutions . Interviewed institutions include: Banco Nacional de Desenvolvimento Econômico e Social (Brazil), Bpifrance (France), British Business Bank (United Kingdom), Business Development Bank of Canada (Canada), Development Bank of Nigeria (Nigeria), Finnvera (Finland), Nacional Financiera (Mexico), Saudi Industrial...Read more
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 core innovations: improved use of data and analysis innovations; channel partnerships for reach and distribution that increase convenience for microenterprises; and tailored pricing and loan terms that better match loans to microenterprises' cash flows to limit repayment pressure and risk of over-indebtedness. This focus note features a range of case studies based on CGAP’s work piloting...Read more
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 fintech company is being felt far beyond the borders of the U.S., said Sandy Kemper, detailing how C2FO’s strategy to go global...Read more
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.Read more
Financial Inclusion
26 practical sessions with 40 expert speakers, talks with leaders, policy recommendations, concrete solutions and microfinance networking, Social Finance Vibe: Leadership and Diversity , organized by our partner – Microfinance Center , is the must-attend fall learning event for all social economy professionals and enthusiasts, taking place virtually on 29–30 October . This year’s agenda is divided into three main tracks: Social Economy, Client Diversity and Mega Trends. Key experts in the field will dive into the latest trends in the social economy, including green initiatives and digital innovations and participate in dedicated sessions focused on serving diverse...Read more
KoreFusion Consulting
KoreFusion Consulting is a boutique strategy consulting and investment bank exclusively focused on payments and fintechs.
InvoSoko Africa
InvoSoko Africa aim to facilitate closing the USD 75 billion Supply Chain Finance funding gap faced by small and medium-sized enterprises (SMEs) in Sub-saharan Africa. InvoSoko Africa will achieve this via technology and a new approach, providing a more efficient allocation of resources and fair access to capital. lnvoSoko Africa has adopted innovative and disruptive processes aimed at increasing visibility for SMEs in the region. To revolutionize the way SMEs thrive in the digital era by sying goodbye to invisibility.
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 designed to equip companies and financial institutions across Francophone Africa with the knowledge and skills necessary to accelerate the transition toward sustainable finance and business models. The Center aims to...Read more
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 close to 500,000 globally, highlighting the urgency of boosting access to cooling. As well as averting fatal outcomes, ensuring populations have access to cooling – for human comfort as well as preserving perishable goods – means workers are more productive, farmers can deliver produce to market before it spoils and healthcare...Read more
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 inclusion. It underscores the criticality of leveraging AI to bolster the operational agility, efficiency, and outreach of Financial Service Providers (FSPs). FSPs are already sitting on data collected during customer onboarding, typically gathered on an in-person basis. This is of high value compared to digital-first providers,...Read more
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 representing 90% of all firms, employing approximately 70% of the world's workforce, and contributing 50% to global GDP. But banks are not keeping up with solutions...Read more
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 in 190 countries who share the common goal of expanding access to finance to small businesses worldwide through knowledge exchange and innovation. “SME Finance Forum proudly welcomes the leading SME payments and financing Non-Bank Financial Institution in North America and Western Europe to our...Read more
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 SME Finance Forum managed by the International Finance Corporation (IFC), revealed that despite the significant role small to medium-sized enterprise (SME) plays in the global economy, banks may be missing an opportunity to foster growth in this market due to their focus on reducing risks, meeting regulatory requirements, and...Read more
Financial Inclusion
Supply & Value Chain Finance
Data Analytics
Members Meeting This session is to update members and partners on the strategic direction and the progress being made in SMEFF transformation, share the member's survey results in terms of feedback and areas of focus, recognize members who have volunteered to steer the SMEFF agendas and highlight workings of newer areas like innovation hubs, peer groups, regional chapters. AGENDA Strategic update Survey results Governing Council Introduction Co-chairs and partners of innovation Hubs Introduction Q&A with Members ->> Share your insights through interactive polls and guide the Forum’s 2025 offerings. This SMEFF Members Meeting will take place in person in São...Read more
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 access to finance to small businesses worldwide through knowledge exchange and innovation. “SME Finance Forum proudly welcomes the leading SMEs focused Supply Chain Finance solutions provider in Sub-saharan Africa to our network. It is with great pleasure I welcome InvoSoko Africa to SME Finance Forum which...Read more
Trade Finance
SESSION RECORDING Join Us for the 6th Episode of Business Unplugged! "Global Trends in SME Finance: Innovations for a Changing World" Discover how global innovations are transforming SME finance and shaping the future of business opportunities. Qamar Saleem , Global Head, of SME Finance Forum , Managed by the IFC (International Finance Corporation), will share his invaluable experiences and insights in a conversation with Vikram Lodha , Co-Founder and CEO of 360tf . Date: August 23, 2024 (Friday) Time : 06:00 PM IST/8:30 AM EST Don't miss out! Secure your spot by registering now using the link...Read more
Trade Finance
Credit Risk & Scoring
Dear Partner, We are delighted to invite you to attend FEBIS General Meeting 2024 that will take place in: Hotel Le Méridien Nice 1 Promenade des Anglais 06000 Nice France Enclosed below please find the program for the General Meeting (25th - 27th of September 2024) and corresponding registration form. We look forward to seeing you in Nice for a great event! Your presence makes the difference - register now! -------------------------------------------------------------------- FEBIS is an affiliate of the SME Finance ForumRead more
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 and fintech partnership, has attracted C-level industry leaders, leading policymakers, and regulators from around the world. This year’s Forum will take place in São Paulo, Brazil on September 16-18, 2024, under the theme, “AI-powered Digital and Sustainable SME Finance”. The conference will bring together...Read more
Supply & Value Chain Finance
Supply Chain Financing (SCF) is becoming an increasingly common vertical within the banking industry. The global credit crisis of 2008 forced trade finance seekers to look for alternatives as liquidity in supply chains became a major concern for businesses. This spurred an increased demand for supply chain financing as businesses worked to maintain liquidity and their competitive edge. This report describes the general ecosystem for SCF, summarizes the best practices that financial institutions should adopt as they seek to enter the supply chain financing market and takes and attempt at quantifying the potential SCF market in Pakistan.Read more
Trade Finance
We are glad to announce the launch of the " 360tf SMEs Trade Finance Survey 2024 Edition ," in partnership with Middlesex University Dubai . This survey is a unique opportunity for the SME community to voice their opinions and shape the future of SME trade finance in the UAE . The survey aims to gather feedback and insights that will drive positive change in SME finance. The findings will inform and guide future initiatives to support the SME sector and promote its growth in the UAE. We kindly request you to take a few moments to complete the survey...Read more
Data Analytics
Digital Financial Services
Washington D.C, July 18, 2024 – Jocata, a leading digital lending transformation partner 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 worldwide through knowledge exchange and innovation. “SME Finance Forum proudly welcomes India’s leading FinTech to our network. It is with great pleasure I welcome Jocata to SME Finance Forum which is in line with our strategy of onboarding leading solution providers in emerging markets for impact,” said...Read more
This year SME Banking Club celebrates the 10th anniversary of the CEE SME Banking Conference! Join us at the CEE24 SME Banking Conference where SME banks and fintechs will explore the future of customer journeys in SME banking over the next decade. Expect insightful discussions on AI, open banking, open finance, e-invoicing data, and interoperable ecosystems. Let's shape the future together! Conference Details: Date: November 15, 2024 Time: 09:00 – 23:00 (CET) Location: Onsite: Vienna, DC Tower . Standing at 248 meters, DC Tower ranks as the second tallest building in the European Union, featuring an expansive area of 93,600...Read more
Rural & Agriculture Finance
Washington D.C, July 15, 2024 – WeGro , a leading agri-fintech in Bangladesh 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 worldwide through knowledge exchange and innovation. “It is with great pleasure I welcome WeGro to SME Finance Forum which is in line with our strategy of onboarding leading fintech in emerging markets for impact,” said Qamar Saleem, Head of SME Finance Forum. WeGro is a tech-based...Read more
Data & Cybersecurity
Digital Financial Services
AI Takes Center Stage: Survey Reveals Financial Industry’s Top Trends for 2024 The world’s leading financial services institutions spotlight where AI is providing the best return on investment. January 11, 2024 by Kevin Levitt The financial services industry is undergoing a significant transformation with the adoption of AI technologies. NVIDIA’s fourth annual ...Read more
Rural & Agriculture Finance
Washington D.C, July 11, 2024 – Bank of Kigali , the largest bank in Rwanda by total assets 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 worldwide through knowledge exchange and innovation. “SME Finance Forum proudly welcomes leading bank in Rwanda to our network. It is with great pleasure I welcome Bank of Kigali to SME Finance Forum which is in line with our strategy of onboarding...Read more
The recent McKinsey Global Institute report A microscope on small businesses: Spotting opportunities to boost productivity estimated that micro-, small, and medium-size enterprises (MSMEs) account for two-thirds of business employment in advanced economies— and almost four-fifths in emerging economies—as well as half of all value added.1 In this research, MGI aggregated a richly granular data set of MSMEs and large companies across 12 broad sectors, 68 level-two subsectors, and more than 200 level-three subsectors for 16 countries that account for more than half of global GDP. In these countries, MSMEs on average have only half the productivity of large companies,...Read more
Digital Transformation
Joint Event: SME Finance Forum and IDB Lab Tokenization is revolutionizing finance by transforming asset transactions through digital tokens on a blockchain, enhancing security, transparency, and efficiency. This session will introduce financial service providers, regulators, development banks, and other financial ecosystem players to the fundamentals of tokenization, the necessary digital infrastructure, and real-world examples from Latin America, Africa, and Asia. We will explore the transformative potential of tokenization for both financial assets and real-world assets, highlighting how SMEs can benefit. Tokenization and Required Infrastructure: Tokenization involves converting rights to an asset into a digital token on a blockchain. This can...Read more
Supply & Value Chain Finance
Washington D.C, July 9th, 2024 – Receivables Exchange of India Limited (RXIL) , a leading MSMEs focused digital platform in India 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 worldwide through knowledge exchange and innovation. “SME Finance Forum proudly welcomes leading MSMEs focused digital platform in India. It is with great pleasure I welcome Receivables Exchange of India Limited (RXIL) TReDS (Trade Receivable Discounting System) platform to...Read more
Sustainable Finance
The International Sustainability Forum 2024 - is a once-in-a-generation opportunity to enhance cooperation on critical challenges and address gaps in the green recovery of Ukraine and the development of the economy based on the principles of sustainability. ASDE with Forum’s partners aims to bring together the stakeholders in Ukraine’s and EU's business and financial sectors for a frank and practical discussion on what should be done for the green recovery of Ukraine. For more than two years the country faced unprecedented circumstances and negative impacts on all spheres of society and the environment. Urgent support is needed to mitigate the...Read more
Guarantees
The Montreal Group will hold its Annual Summit from the 14th to the 18th of September, in São Paulo, Brazil in parallel with the 2024 SME Finance Forum Annual Conference . This event is organized in collaboration with the SME Finance Forum and is open to Montreal Group's members and partners. Qamar Saleem, SME Finance Forum Global Head, will be speaking on Sunday, September 15th in a fireside chat LEARN MORE ABOUT THE ANNUAL MEETING: https://themontrealgroup.org/tmg-annual-summit-to-host-its-annual-summit... ======================= About the Montreal Group The Montreal Group is an international not-for-profit association founded in 2012 to promote collaboration, mutual learning,...Read more
Financial Inclusion
Sustainable Finance
The 2024 MSME Day offers an opportunity to discuss and exchange ideas on how Key stakeholders, including policy makers, large companies, financial institutions, and the international community can support micro-, small and medium-sized businesses to advance the 2030 Agenda and contribute to achieving the SDGs, including poverty eradication and decent work for all. The session organized jointly by various UN agencies on 27 June 2024, 10:00 – 12:00 PM EDT (UNHQ, Conference Room 5) will explore ways that MSMEs, a sector that represents over 90 per cent of all businesses globally, can meaningfully contribute innovative solutions to the challenges of...Read more
Digital Financial Services
Digital Transformation
Join us in a discussion with leading SME Finance Forum members sharing innovations and future perspectives on SME Finance. All of the speakers are leading SME Businesses and hence would share learnings from their business management dimensions. The webinar aims to explore groundbreaking strategies and innovations in SME finance, featuring leaders from prominent financial institutions, mostly members of SME Finance Forum. We will delve into topics such as cutting-edge technologies in digital banking, innovative approaches to credit assessment, leadership perspectives on financial inclusion, sustainable business models, and effective risk management strategies tailored for SMEs. Expert presenters will cover: 1. Managing...Read more
Washington D.C, June 13, 2024 – Akbank , a Turkish bank founded in 1948 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 worldwide through knowledge exchange and innovation. “SME Finance Forum proudly welcomes leading Women, Green and Micro SMEs focused bank in Turkey, Europe and Middle East to our network. It is with great pleasure I welcome Akbank to SME Finance Forum which is in line with...Read more
Financial Inclusion
Policy & Regulation
2024 AFI Global Policy Forum Innovation for an Inclusive World Each year, it is co-hosted by a different member institution in a different region of the world. This year’s GPF is co-hosted by AFI and Banco Central de Reserva de El Salvador. This invitation-only event brings together central banks, ministries of finance, financial regulators, standard-setting bodies, international organizations, financial service providers, technology companies, mobile network operators, payment platforms, researchers and technical experts. During four days of high-level dialogue and peer-to-peer exchange, the event explores opportunities to develop and improve national financial inclusion strategies and policies. The annual AFI GPF is...Read more
Financial Inclusion
Digital Transformation
Last year, the #globalRFF brought together over 150 industry stakeholders to strengthen dialogue on #consumerrisks in inclusive finance and what it will take to shape a responsible #digitalfinance ecosystem. This July, RFF will meet again in Fortaleza, #Brazil to discuss how to bridge inclusion and innovation to improve people’s lives. Interested in participating in #RFF2024? Register now! https://globalrff.org/july-2024 CFI is an Industry Partner of The SME Finance Forum.Read more
Guarantees
El Foro esta organizado por la Asociación Iberoamericana de Garantías (REGAR) y Confianza, sociedad administradora de fondos de garantía recíproca. Es un espacio para difundir las experiencias iberoamericanas y de otras naciones, en cuanto a las mejores prácticas y experiencias que se han llevado a cabo por instituciones y sistemas de garantía y financiamiento. Incluye conferencias paneles, workshops, networking y mucho más. PRÓXIMAMENTE MÁS INFORMACIÓN https://redegarantias.com/foro-iberoamericano-de-garantias/ ------------------------------------------------ REGAR is an Industry Partner of The SME Finance Forum.Read more
Sustainable Finance
Digital Transformation
Fintech
The Point Zero Forum is an initiative of Elevandi and the Swiss State Secretariat for International Finance to promote a policy and technology dialogue in Financial Services. Held annually in Zurich, Switzerland, the Forum convenes central bankers, regulators, policymakers, and industry leaders to address the latest developments in financial technology and the future of finance. Across a series of leadership dialogues, public-private roundtables, deep-dive workshops and networking events, the Forum aims to drive confidence, adoption and growth of transformative technology and assess and promote the appropriate governance and risk frameworks. Elevandi is an Industry Partner of The SME Finance Forum.Read more
WeGro
WeGro is a tech-based startup that is working towards revolutionizing the archaic agriculture industry by integrating the latest technology in all aspects of this agri-supply chain facilitating small holder farmers with access to finance, inputs and markets.
Washington D.C, June 4, 2024 – ICICI Bank , one of the leading private sector banks in India, 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 worldwide through knowledge exchange and innovation. “SME Finance Forum proudly welcomes a leading bank for MSMEs in India to our network. It is with great pleasure I welcome ICICI Bank to SME Finance Forum which is in line with our strategy...Read more
Sustainable Finance
INSME is pleased to invite its members and partners to celebrate its 20th Anniversary in Rome at the Annual Meeting of the association, co-organized with CONFAPI, that will be held on October 14-15, 2024, in Rome. The event is titled: Unlocking Sustainable Finance for SMEs. The 20th INSME Annual Meeting aims to explore the new dynamics of sustainable finance with a focus on ESG integration, studying their present and future impact on SMEs. The meeting will highlight the main obstacles SMEs face in adopting sustainable financial practices and the opportunities that may arise from their implementation. This event will bring...Read more
Sustainable Finance
Following the success of the 1st Philippine Climate Forum in 2022 which was attended by more than 100 stakeholders in climate finance and sustainability in the country, the IFC, in collaboration with The World Bank and various partner institutions, is organizing the 2nd Philippine Climate Forum on June 5-7, 2024. This 3-day event aims to accelerate the promotion of green lending and climate investment opportunities in the country and raise awareness on sustainability initiatives across both the private and public sectors. The forum is part of the IFC's flagship climate program in the Philippines, 30by30 zero Program, which targets to...Read more
ITFC
The International Islamic Trade Finance Corporation (ITFC) is a member of the Islamic Development Bank (IsDB) Group.
BNP Paribas
As a top-tier European and international banking establishment, the BNP Paribas Group assists all of its customers in bringing their projects to successful conclusion, through financing, investment, savings and protection solutions.
ANEXT Bank
ANEXT Bank, a wholly-owned subsidiary of Ant International & a proud awardee of SBR's Tech Excellence Awards 2024.
Fintech
Washington D.C, May 27, 2024 – Kapitale , one of the most innovative fintechs in receivables anticipation in Brazil, has joined the SME Finance Forum as the global membership network’s latest member. Created by the G20 in 2012 and managed by the International Finance Corporation (IFC), the SME Finance Forum has more than 300 members/affiliates who are specialists in financing for SMEs and operate in 190 countries, sharing the common objective of expanding access to finance for small businesses around the world through knowledge exchange and innovation. “SME Finance Forum proudly welcomes leading digital platform for SMEs in...Read more
Fondy
Fondy is an embedded payment platform - platform for ecommerce, platforms and marketplaces, simplifying local payments and payouts globally.
Bizbaz
Bizbaz offers financial intelligence solutions to financial institutions, fintechs and e-commerce companies in Asia.
Bank of Punjab
The Bank of Punjab (BOP) was established in 1989 and was declared as a scheduled bank by State Bank of Pakistan (SBP) on 19 SEP 1994.
Rural & Agriculture Finance
SAFIN, IFC AND SMEFF – WEBINAR SERIES on AGTECH May 29 - SME Finance Marketplace - AgTechs and Agroclimatic Assessment Tools The specific goal of the session is to show how financial service providers can leverage those prediction modeling tools to better mitigate risks and expand their agricultural portfolios. June 6 - Revolutionizing Agriculture with Agtech ( Register to Attend ) The evolution of AgTech solutions, and their role in supporting an ecosystem approach. Bridging the gap between digital services, financial institutions, and field implementation. Expanding the range of financial products and services to match the needs...Read more
Supply & Value Chain Finance
Sustainable Finance
Digital Transformation
REGISTER The Global SME Finance Forum 2024 The central theme of the 2024 conference is how the disruptive emergence of AI tools and technologies will shape and accelerate the twin digital-sustainable transitions toward scaling SME Finance. Since the COVID-19 pandemic, regulators and financiers have seen that a successful shift towards digitalization and sustainability within the SME sector is crucial for enabling SMEs to access finance, achieving the UN SDG and securing our global future. These trends powered by AI offer a unique combination of enabling factors that can augment SME finance, however, there needs...Read more
Rural & Agriculture Finance
SAFIN, IFC AND SMEFF – WEBINAR SERIES on AGTECH May 29 - SME Finance Marketplace - AgTechs and Agroclimatic Assessment Tools The specific goal of the session is to show how financial service providers can leverage those prediction modeling tools to better mitigate risks and expand their agricultural portfolios. June 6 - Revolutionizing Agriculture with Agtech The evolution of AgTech solutions, and their role in supporting an ecosystem approach. Bridging the gap between digital services, financial institutions, and field implementation. Expanding the range of financial products and services to match the needs. The potential for AgTech solutions...Read more
Sustainable Finance
Sustainability Week 2024 is IDB Invest's flagship event bringing together hundreds of global leaders in business, government and civil society to share best practices in sustainable business trends. This year's Sustainability Week will take place in the heart of the Amazon to discuss the most pressing issues that include impact investing, Amazonia, inclusion, bioeconomy and climate change. Onsite event is by invitation only. Online event is open to the public. Register Link For more information, click HERE IDB Invest is a Member of The SME Finance Forum.Read more
Alternative Financing
Digital Financial Services
Washington D.C, May 23, 2024 – AgriAnalytica , a leading digital platform for MSMEs in Ukraine 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 worldwide through knowledge exchange and innovation. “SME Finance Forum proudly welcomes leading digital platform for MSMEs in Ukraine to our network. It is with great pleasure I welcome AgriAnalytica to SME Finance Forum which is in line with our strategy of onboarding leading...Read more
![Agrifinance Innovation Hub - [Solutions Clinic]](https://smefinanceforum.org/sites/default/files/shutterstock_1739499413.jpg "Agrifinance Innovation Hub - [Solutions Clinic]")
Rural & Agriculture Finance
The SME Agrifinance Innovation Hub will be holding its first Solutions Clinic at 8.00am EST on Wednesday June 12. Our solutions clinics are member-only interactive, roundtable-style events, in which we crowd-in expertise from across the SMEFF membership to answer questions from members of the innovation hub. The clinic will cover “Choosing Pathways to Digitize Agrifinance”. There is more than one way to digitize Agrifinance – the right pathway for each lender depends on the national and regional context. The clinic will discuss how to choose between different digitization pathways in Agrifinance, looking at questions including: What are the most important...Read more
Financial Inclusion
Digital Financial Services
Digital Transformation
Learn from Sucharita Mukherjee - Co-founder & CEO at Kaleidofin, about her of experience in attending the Global SME Finance Forum and the importance of digitization in the Indian market for financing SMEs, the role of digital platforms in serving underserved markets, and the potential for structured, systematic south-to-south learning and expansion through forums like the SME Finance Forum. This interview was led by Hans Koning, Global Chief Industry Specialist, Digital Finance at IFC. "It's super exciting. I think it's just such a wide variety, and a multi-country representation of institutions who are doing small business lending,...Read more
Guarantees
Digital Financial Services
Learn from Sandeep Varma, CEO at CGTMSE, about his experience attending the Global SME Finance Forum and the role of credit guarantee schemes in helping MSMES access to finance. He also discusses the potential of technology to improve the efficiency and reach of credit guarantee schemes. This interview was led by Hans Koning, Global Chief Industry Specialist, Digital Finance at IFC. "The first day of the conference in itself had been a very exhilarating day, with a lot of ideas and information sharing!" More about CGTMSE Availability of bank credit without the hassles of collaterals...Read more
Digital Financial Services
Digital Transformation
Learn from Peter Simon, Managing Director at WSBI-ESBG, about his experience attending the Global SME Finance Forum and how WSBI helps its member banks to adapt and improve their digital services. This interview was led by Hans Koning, Global Chief Industry Specialist, Digital Finance at IFC. " Very impressive to see so many different actors f rom the SME financing field, from all these different associations and all those different countries. It is really a global forum that includes in one place all actors, no matter whether they are bankers, foundations, or umbrella associations like mine." More...Read more
Financial Inclusion
Credit Risk & Scoring
Fintech
Learn from Prashant Muddu - Founder and CEO at Jocata, about his experience attending the Global SME Finance Forum, the importance of digital public infrastructure, the challenges and opportunities in adopting AI, and the need for financial literacy and technology adoption across different geographies. This interview was led by Hans Koning, Global Chief Industry Specialist, Digital Finance at IFC. "It's a fantastic network. I've been around for the last seven to eight years. We were introduced to the event through one of our clients. This expert gathering offers the opportunity to talk to different people and understand...Read more
Digital Financial Services
Learn from Rajeev Chalisgaonkar - Executive Vice President at Mashreq Bank, about his multiple years of experience attending the Global SME Finance Forum and the importance of digital stacks for SME financing, fintech pitches, and the evolution of ideas into successful businesses. This interview was led by Hans Koning, Global Chief Industry Specialist, Digital Finance at IFC. "I always look forward to this event every year. Because I think this is the most serious event for SME financing globally anywhere. There are a lot of other conferences that tend to focus on SME, but some of them...Read more
Rural & Agriculture Finance
Washington D.C, May 20, 2024 – Amret Microfinance Institution , a Cambodia leading microfinance institution and one of the top 10 financial institutions in the country 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 worldwide through knowledge exchange and innovation. “SME Finance Forum proudly welcomes leading microfinance institution for MSMEs in Cambodia to our network. It is with great pleasure I welcome Amret to SME Finance Forum...Read more
Gender Finance
Global SME Finance Awards 2024 Information Session - Best Financier for Women Entrepreneurs Award Be recognized, Share impact in SME FINANCE The SME Finance Forum organizes the Global SME Finance Awards (The Awards) as a core part of its mission to create a unique platform for peer connections, knowledge dissemination, and innovations in SME Finance. The Forum’s extensive 300+ global network, crowds in financial institutions, fintech companies, development banks, policymakers, and industry experts from across the globe, fostering collaboration, knowledge sharing, and partnership building on a global scale. Hence, th e Global SME Finance Awards has evolved into a pinnacle...Read more
Financial Education
Financial Inclusion
Alternative Financing
Global SME Finance Awards 2024 Information Session - SME Financier of the Year Be recognized, Share impact in SME FINANCE The SME Finance Forum organizes the Global SME Finance Awards (The Awards) as a core part of its mission to create a unique platform for peer connections, knowledge dissemination, and innovations in SME Finance. The Forum’s extensive 300+ global network, crowds in financial institutions, fintech companies, development banks, policymakers, and industry experts from across the globe, fostering collaboration, knowledge sharing, and partnership building on a global scale. Hence, th e Global SME Finance Awards has evolved into a pinnacle of...Read more
Washington D.C, May 15, 2024 – Caja Huancayo , a leading financial institution in Peru 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 worldwide through knowledge exchange and innovation. “SME Finance Forum proudly welcomes leading microfinance institution for MSMEs in Peru to our network. It is with great pleasure I welcome Caja Huancayo to SME Finance Forum which is in line with our strategy of onboarding...Read more
Supply & Value Chain Finance
Each month we are running sessions featuring leading small business lenders and SME growth facilitators who present their MSMEs offerings in a 7-minute pitch to an audience of potential financial institution clients and partners looking for impactful fintech solutions. Through those sessions - run by the SME Finance Forum and powered by IFC - we foster collaboration between financial institutions, fintech companies, development finance institutions and investors. We have featured 130+ companies active in many different markets, attracted +2000 participants and generated many business leads , leading to investments, partnerships, and innovation advancement. ...Read more
Digital Transformation
Each month we are running pitch sessions featuring leading small business lenders and SME growth facilitators who present their MSMEs offerings in a 7-minute pitch to an audience of potential financial institution clients and partners looking for impactful fintech solutions. Through those sessions - run by the SME Finance Forum and powered by IFC - we foster collaboration between financial institutions, fintech companies, development finance institutions and investors. We have featured 130+ companies active in many different markets, attracted +2000 participants and generated many business leads , leading to investments, partnerships, and innovation...Read more
Washington D.C, May 14, 2024 – Bank of Punjab , a leading SME focused bank from Pakistan 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 worldwide through knowledge exchange and innovation. “SME Finance Forum proudly welcomes leading SME focused bank from Pakistan to our network. With $7.9 billion in assets and 815 branches across the country, BOP stands as a key player in SME...Read more
Supply & Value Chain Finance
22 May 2024 Hilton London Canary Wharf The receivables finance industry continues to demonstrate growing resilience to the global economic slowdown as it is keeping up with much higher interest rates, enhanced risk, the costly endeavours of transitioning to a net zero economy and complex technological advances. This year the RFIx Awards will honour industry leaders who were able to deliver strong financial performance while turning challenges into opportunities in an ever-evolving business environment. Join the 2024 RFIx Awards for an evening of celebration – 22 May 2024, Hilton London Canary Wharf. The Awards are international in scale and entries...Read more
Sustainable Finance
Digital Financial Services
Digital Transformation
AECM is the European association of Guarantee Institutions: supporting SMEs in access to finance in Europe. Dive into discussions on #Green and #Digital #Economy with top industry experts. Don't miss out on this opportunity to network and gain valuable insights. Save the date! Hans Koning, Chief Industry Specialist Digital Finance, International Finance Corporation (IFC) delivers a Keynote speech on June 7. AECM is a Industry Partner of The SME Finance Forum.Read more
Rural & Agriculture Finance
Fintech
Each month we are running pitch sessions featuring leading small business lenders and SME growth facilitators who present their MSMEs offerings in a 7-minute pitch to an audience of potential financial institution clients and partners looking for impactful fintech solutions. Through those sessions - run by the SME Finance Forum and powered by IFC - we foster collaboration between financial institutions, fintech companies, development finance institutions and investors. We have featured 130+ companies active in many different markets, attracted +2000 participants and generated many business leads , leading to investments, partnerships, and innovation...Read more
Sustainable Finance
Global SME Finance Awards 2024 Information Session - Sustainable Bond of the Year Be recognized, Share impact in SME FINANCE Wednesday May 22nd, 2024 @ 8:00am – 9:00am EDT The SME Finance Forum organizes the Global SME Finance Awards (The Awards) as a core part of its mission to create a unique platform for peer connections, knowledge dissemination, and innovations in SME Finance. The Forum’s extensive 300+ global network, crowds in financial institutions, fintech companies, development banks, policymakers, and industry experts from across the globe, fostering collaboration, knowledge sharing, and partnership building on a global scale. Hence, th e Global...Read more
Digital Transformation
Global SME Finance Awards 2024 - INFORMATION SESSIONS The SME Finance Forum organizes the Global SME Finance Awards ( The Awards ) as a core part of its mission to create a unique platform for peer connections, knowledge dissemination, and innovations in SME Finance. The Forum’s extensive 240+ global network, crowds in financial institutions, fintech companies, development banks, policymakers, and industry experts from across the globe, fostering collaboration, knowledge sharing, and partnership building on a global scale. Hence, the Global SME Finance Awards has evolved into a pinnacle of global recognition for those making a real impact in the SME...Read more
Data & Cybersecurity
Payments
Summary Focus Advances in digital technology have transformed people's lives in recent decades. But large swathes of the financial system are stuck in the past. Many transactions still take days to complete and rely on time-consuming clearing, messaging and settlement systems and physical paper trails. Improving the functioning of the financial system is thus an important public policy objective. But building a financial system fit for the future requires a vision for what we want to achieve. Contribution We propose the concept of the "Finternet" as a vision for the future financial system: multiple financial ecosystems interconnected with each other...Read more
Supply & Value Chain Finance
Data Analytics
Digital Financial Services
Digital Transformation
Fintech
Payments
Global SME Finance Awards 2024 Information Session - Product Innovation of the Year Be recognized, Share impact in SME FINANCE Wednesday May 8, 2024 @ 8:00am – 9:00am EDT The SME Finance Forum organizes the Global SME Finance Awards (The Awards) as a core part of its mission to create a unique platform for peer connections, knowledge dissemination, and innovations in SME Finance. The Forum’s extensive 240+ global network, crowds in financial institutions, fintech companies, development banks, policymakers, and industry experts from across the globe, fostering collaboration, knowledge sharing, and partnership building on a global scale. Hence, th e Global...Read more
The 3i Africa Summit will explore and promote active collaboration between diverse stakeholder groups in key areas, and continuously drive innovation momentum across the region. The Summit will feature plenary speeches/fireside chats/panels from heads of state, senior government representatives, investors, prominent industry leaders, policymakers, and innovators This Summit is organised by the Bank of Ghana (BoG) and the Development Bank Ghana (DBG), in partnership with Elevandi, set up by the Monetary Authority of Singapore. Qamar Saleem, SME Finance Forum Global Head, will be speaking in several panels Digital Trust - Trusted Credentials Digital Tools for African SMEs: New Capabilities for...Read more
Financial Education
Policy & Regulation
This roundtable aims to address the profound impact of technological transformation on industries, job roles, and required skills. It will explore how central banks and regulators can significantly influence this transition, despite traditionally not being involved in talent development. As new skills become increasingly crucial, these institutions are presented with both the opportunity to lead in shaping these capabilities and the challenge of adapting to this new role in the evolving industry landscape. The roundtable discussion will be divided into 3 sessions: Part 1: Risks and Opportunities of Changing Skills in the Industry This session will discuss how the evolving...Read more
Policy & Regulation
Digital Financial Services
As AI reshapes finance, the question of how to regulate these technologies becomes paramount. Will regulation hinder or help AI's integration into financial services? This discussion delves into finding the right balance between fostering innovation and ensuring security in AI-driven finance. It examines collaborative strategies among regulators, and financial institutions to navigate the regulatory landscape, aiming to highlight effective approaches for regulating AI that safeguard the industry. The roundtable discussion will be divided into 3 sessions: 1. Objectives. What are the objectives of regulations for Artificial Intelligence? How is it different or similar to objectives of previous technology trends such...Read more
FINANCING
Sustainable Finance
Desde la IFC Green Banking Academy (LAC) , en coordinación con el SME Finance Forum, les invitamos al octavo encuentro de la Segunda Edición de la Green Banking Webinar Series dónde exploraremos, de la mano de representantes del sector financiero regional, los retos y las oportunidades que el financiamiento sostenible para MIPYMES trae al sector en Latinoamérica y el Caribe . Las micro, pequeñas y medianas empresas (MIPYMEs) son motores clave para el desarrollo económico y la innovación, elementos fundamentales, a su vez, para la transición hacia una economía más sostenible alrededor del mundo. Hoy en día, estas empresas representan...Read more
Digital Transformation
Washington D.C, April 18th, 2024 – Singapore-based fintech Boost Capital has joined the SME Finance Forum as the global membership network’s latest member. The 240+ members of the Forum are SME financing experts operating in 190 countries who share the common goal of expanding access to finance to small businesses worldwide through knowledge exchange and innovation. “SME Finance Forum is delighted to welcome Boost, one of the fastest growing fintech companies in Asia, into our network. Boost Capital’s expertise and dedication will enhance our ongoing mission of expanding access to financial services for SMEs. With...Read more
Washington D.C, April 18, 2024 - Singapore-based fintech Digi Ally has joined the SME Finance Forum as the global membership network’s latest member. The 240+ members of the Forum are SME financing experts operating in 190 countries who share the common goal of expanding access to finance to small businesses worldwide through knowledge exchange and innovation. “SME Finance Forum is delighted to welcome DigiAlly, one of the fast-growing fintech companies in Asia, into our network. I am confident DigiAlly’s expertise and dedication will enhance our ongoing mission of expanding access to financial services for SMEs. With...Read more
Financial Education
Financial Inclusion
Equity
Gender Finance
Guarantees
Islamic Banking
Rural & Agriculture Finance
Supply & Value Chain Finance
Sustainable Finance
Trade Finance
Youth Entrepreneurship
Governance
Policy & Regulation
Data & Cybersecurity
SME Insurance
Data Analytics
Digital Financial Services
Digital Transformation
Fintech
Payments
BE RECOGNIZED, SHARE IMPACT IN SME FINANCE The SME Finance Forum organizes the Global SME Finance Awards ( The Awards ) as a core part of its mission to create a unique platform for peer connections, knowledge dissemination, and innovations in SME Finance. The Forum’s extensive 240+ global network, crowds in financial institutions, fintech companies, development banks, policymakers, and industry experts from across the globe, fostering collaboration, knowledge sharing, and partnership building on a global scale. Hence, the Global SME Finance Awards has evolved into a pinnacle of global recognition for those making a real impact in the SME finance...Read more
Financial Inclusion
Join the upcoming MFC 26th Annual Conference: Embracing Diversity for Inclusive Finance. Register now at https://2024mfc.org/ and take advantage of exclusive rates. Dates: May 14-15, 2024 Location: Cracow, Poland The MFC conference will showcase good practices and innovative solutions for promoting diversity and inclusion. The event will bring together 500 microfinance practitioners, impact investors, IT providers, researchers, policymakers and donors from different regions and backgrounds. Why Attend? Network and Partner : Connect with industry leaders and forge valuable partnerships. Empowerment through Microfinance : Discover how microfinance empowers diverse communities. Skill Development : Engage in...Read more
Digital Financial Services
Financial makers discuss how to reimagine banking with embedded finance solutions that deliver financial services whenever and wherever they’re needed. A new generation of financial thinkers and makers is reimagining the conventional bank. Empowered by technology and a youthful hunger for change, they’re determined to make banking easier, more accessible, and more impactful. Their modus operandi is embedded finance, a nascent yet growing banking approach with transformational potential that is sowing seeds of opportunity not only for banks, but also for their wholesale and retail clients. In collaboration with Red Hat and the Banking Industry Architecture Network (BIAN), the IBM...Read more
Governance
Data & Cybersecurity
The game-changer: How generative AI can transform the banking and financial sectors The most essential question of the moment: how can AI help address and course-correct banks’ productivity and financial performance? Following the astonishing rise of generative AI, artificial intelligence has seized the world’s attention. Executives are either dazzled by bright futures or dismayed by dystopian scenarios, and polarizing boardroom discussions proliferate. Banking executives are brainstorming how to assess and prioritize AI’s economic potential, estimate access costs, and manage the risks that come with quickly scaling AI enterprise-wide. This issue requires meticulous assessment. These insights can help avoid unnecessary hype...Read more
Digital Transformation
Access to affordable finance poses a persistent challenge for micro, small, and medium-sized enterprises (MSMEs) worldwide, inhibiting their potential growth and the economic development of countries that are reliant on these businesses. The rise of the digital economy has opened up new pathways for financing, but has also made digital transformation, which will require some financing, a prerequisite for accessing services, reinforcing the need for a global solution to bridge this financing gap. To address this issue, the United Nations Development Programme (UNDP), in collaboration with the Monetary Authority of Singapore (MAS) and leading Central Banks across Asia and Africa,...Read more
Fintech
Payments
Summary: - Regional focus: the report foretells a surge in interest from fintechs towards SMEs in Latin America by 2024. - Innovation opportunities: it highlights the potential for innovation within the industry and identifies key areas where solutions can reshape the fintech landscape to better serve SMEs. - Targeted countries: discover which countries in Latin America are at the forefront of developing tailored solutions for SMEs. - VC investment: fintechs focusing on the SMEs market will be better positioned to raise funding. This report was produced by KoreFusion, provider of strategy consulting and M&A advisory services exclusively for the international...Read more
Financial Inclusion
In November 2023, the United Nations Development Programme (UNDP) moderated the closed-door roundtable "How Universal Trusted Credentials (UTC) can transform financial inclusion" . This event brought together senior representatives from central banks, financial institutions, and other stakeholders from around the world to discuss the opportunities and key insights of how the UTC initiative can support underserved enterprises in accessing financial services globally. Introduction While they represent the building blocks of every country’s economy, micro, small and medium-sized enterprises (MSMEs) still face structural gaps in accessing affordable finance needed to build their businesses and capitalise on new opportunities. While the specifics...Read more
Financial Inclusion
Digital Transformation
W HY T HIS W ORKSHOP S TANDS O UT: THIS WORKSHOP GOES BEYOND THEORETICAL KNOWLEDGE, OFFERING A DEEP DIVE INTO THE PRACTICAL, REGULATORY, AND ETHICAL ASPECTS OF AI IN FINANCIAL SERVICES. WITH REAL-LIFE CASE STUDIES AND INTERACTIVE EXERCISES, PARTICIPANTS WILL BE EQUIPPED TO LEAD AI INITIATIVES THAT NOT ONLY ENHANCE OPERATIONAL EFFICIENCY BUT ALSO CHAMPION FINANCIAL INCLUSION AND ETHICAL PRACTICES. JOIN US TO BECOME A LEADER IN THE AI-DRIVEN FUTURE OF FINANCE. Date: 25-27 June 2024 Place: New Delhi Facilitators: Ramesh Srivatsava Arunachalam Gaurav Gupta Early bird registration closes by 15 April 2024...Read more
Trade Finance
Discussing how Trade Finance is currently interacting with investors, whether the Electronic Trade Documents Act , passed last year, has succeeded in becoming a catalyst for trade finance turning into a desirable asset class, how modern technology has become a transformative tool for institutional and private investors’ perception of trade finance. In addition, it will also look at the latest and future initiatives aimed at closing the trade finance gap by establishing a much wider market for trade assets. Qamar Saleem, SME Finance Forum Global Head, will be part of the panel that focuses on Emerging market prospects: Focus on...Read more
Digital Financial Services
Fintech
The launch event for isybank, Intesa Sanpaolo's digital bank, was held on 15 June at the "Shard of Glass" tower in Milan. The bank is primarily intended to serve the four million Intesa Sanpaolo customers interested in using innovative services exclusively online and on their smartphones. isybank is among the most important initiatives in the 2022-2025 Business Plan , in which the Group designs the bank of the next ten years: close to its customers, with a physical and digital presence that effectively meets their needs. Technology investments of around €650 million for the digital bank platform will enable the...Read more
Equity
Intesa Sanpaolo acquires Romania’s First Bank from US-based private investment fund J.C. Flowers & Co., strengthening its presence in the CEE region and doubling the Group’s presence in the country. More in detail , Intesa Sanpaolo and JCF Tiger Holdings S.A.R.L., the controlling shareholder of First Bank S.A., have signed a share purchase agreement for the acquisition of 99.98% of the shares in First Bank S.A.. First Bank is a commercial bank with 40 branches in Romania and with total assets of around €1.5 billion, focused on serving SMEs and retail customers. Romania is a high-growth country - GDP growth...Read more
Sustainable Finance
Under the guidance of Niti Aayog, government primer think thank, and RMI as a knowledge partner, Small Industries Development Bank of India (SIDBI) has developed a book titled “De-risking lending for a Brisk EV Uptake: A practical guide on de-risking measures for Electric two- and three-wheelers in India" The report was released in Washington DC at a World Bank event Transforming Transportation. This was done in the august presence of Dr. V.K Saraswat, Member, NITI Aayog, Shri Sudhendu Sinha, Advisor, Infrastructure Connectivity & Electric Mobility NITI Aayog, SIDBI CMD, Shri Sivasubramanian Ramann, Representatives from World Bank, RMI and international EV...Read more
Financial Inclusion
Sustainable Finance
Digital Transformation
Karandaaz Pakistan, a development finance platform at the forefront of promoting financial inclusion and driving digital transformation across the country, announced the launch of GreenFin Innovations (GFI), a groundbreaking initiative dedicated to scaling innovative and sustainable solutions aimed at promoting a green economy and addressing the critical challenges of climate change in Pakistan. GreenFin Innovations offers a unique blend of support, including concessional financing of up to PKR 50 million and tailored business development support, all while fostering connections within the climate change network. The initiative is committed to driving transformative change and local capacity building, to address urgent environmental...Read more
Digital Financial Services
Fintech
Payments
Bespoke tech solutions providers team up to empower digital transactions of small- and medium-sized business enterprises across MENA with cloud-based software Riyadh, Saudi Arabia, September 5th, 2023 – TRAY, a global leader in cloud-native enterprise-class POS systems, is pleased to announce a strategic partnership with Alraedah Digital Solutions, a prominent digital solutions provider based in the Kingdom of Saudi Arabia. This agreement aims to empower small- and medium-sized enterprises (SMEs) as well as larger Enterprise customers across various industries in Saudi Arabia with cutting-edge electronic cash register solutions. As an exclusive reseller of TRAY's software in the Kingdom of Saudi...Read more
Credit Risk & Scoring
Our member Uplinq Financial Technologies invites you to the webinar on "Fair and Accessible Credit for Small Business, and the Impact of AI" The webinar will cover topics on how banks and credit unions can leverage AI technology and alternative data to expand lending opportunities for small businesses, highlighting challenges in lending to minority and protected class segments. Learn what potential solutions can be leveraged that can change the landscape and enable access to fair lending for underserved segments within small business, while helping lenders profitably manage risk. The webinar will feature the following distinguished speakers: Ron Shevlin (Moderator) -...Read more
Financial Inclusion
Gender Finance
Rural & Agriculture Finance
Sustainable Finance
We are partnering with our member Amartha to bring you the 2024 Asia Grassroots Forum which will be held on 21-22 May 2024 at the Park Hyatt in Jakarta, Indonesia. As a 'Though Partner", the Forum is helping build the agenda and bring relevant speakers. The event will focus on unleashing opportunities in the Southeast Asian grassroots economy through entrepreneurship, technology, and innovation. The 2024 Forum is organized to harness the transformative power of grassroots empowerment initiatives. Recognizing the pivotal role of inclusive efforts in addressing microfinance access for women-led MSMEs. The event serves as a global platform for collaboration...Read more
![Sustainable SME Innovation Hub - [Solutions Clinic]](https://smefinanceforum.org/sites/default/files/shutterstock_2361474573.jpg "Sustainable SME Innovation Hub - [Solutions Clinic]")
Sustainable Finance
The transition from Communities of Practice to Innovation Hubs marks a shift from sharing best practices to actively fostering their adoption. Key highlights include: Evolution to Innovation Hubs: Moving beyond best practice sharing towards fostering innovation. Focus on Adoption: Transitioning from webinars to Solutions Clinics to address specific challenges faced by members. Collaborative Model: Involving not just IFC experts but also member institutions, partners, and experts from other MDBs. Technology Integration: Introducing dynamic exchanges and curated content. Pilot Programs: Launching pilot initiatives to experiment with new ideas and involve stakeholders in their design and execution. Streamlined Roles: Rationalizing community roles...Read more
Gender Finance
Fintech
Fintech and digital financial services have been considered a game-changer for women's financial inclusion and economic empowerment. Until now, there has been limited research that quantifies the degree to which fintech firms are actively addressing women's financial inclusion and the specific strategies that are showing success. To fill this gap, IFC conducted a survey of 114 fintech firms in emerging markets around the globe. The report, Her Fintech Edge: Market Insights for Inclusive Growth , provides insights from fintech firms about their own perceptions and practices to deliver services to women's customer segments. "What is clear from this...Read more
Credit Risk & Scoring
In 2022, about 24.3 million SMEs were active in the EU-27 providing more than half of the economy value added and more than 65% of the employment (84.9 million people). Their common challenges are related to the idiosicracy of the EU framework setup (that includes common regulation, Banking Union, ECB, ESMA and same competition practice). Focusing on solving problems of SME long term funding within this established framework may inspire other non EU, European countries and the rest of the adjacent world. The objective of the working group is to create a network of high level experts and practitioners who...Read more
Financial Education
Financial Inclusion
Alternative Financing
Gender Finance
Youth Entrepreneurship
The Forum established the Women’s Entrepreneurship Finance CoP (WEF CoP) Practice for groups of practitioners from member institutions to meet and share experiences, seek solutions to challenges that they face in financing women-SMEs. Since launching in 2022, the WEF CoP has evolved into a powerful example of how to empower women entrepreneurs through financial awareness, tailored financial services and promoting financial inclusion for women-led SMEs. The primary goal of WEF CoP is to translate shared experiences and insights into practical knowledge applicable to better serve women-owned and women-led SMEs (W-SMEs). As a member driven community, it draws on the collective...Read more
Fintech
The SME Finance Virtual Marketplace , an initiative of SME Finance Forum, powered by IFC, is an online match-making platform that fosters collaboration between financial institutions, fintech companies, development finance institutions and investors. The aim? To drive impactful partnerships and innovations in the SME finance landscape. This monthly pitch session, scheduled on Wednesday, March 27th from 8 am to 9 am EST, will feature Leading Small Business Lenders and SME growth Facilitators who will present their MSMEs Product and Services . WHY YOU SHOULD JOIN? You are missing...Read more
Alternative Financing
Digital Transformation
Fintech
Johannesburg, 6 February 2024 – MTN’s Mobile Money Platform, MoMo, and banking technology company JUMO have partnered to launch Qwikloan, which offers affordable, short-term loans in South Africa and will drive financial inclusion across the country. Qwikloan enables MoMo users to obtain small, short-term loans on their mobile phones, ranging from R250 to R10,000 depending on eligibility, through a seamless application process available via the MTN MoMo App or USSD (*151#). Qwikloan is able to reduce the cost of lending to a customer by leveraging MTN MoMo’s payment infrastructure and JUMO’s core banking infrastructure with AI prediction capabilities. Bradwin Roper,...Read more
DigiAlly
DigiAlly, Singapore, Fintech, pioneering a unique Trust based Embedded Finance platform.
Amret Microfinance
Amret Microfinance, Cambodia, NBFI/MFI, a leading microfinance institution and one of the top 10 financial institutions in Cambodia.
Policy & Regulation
Fintech
Discover how the “Financial Sector Development” program is reshaping lending accessibility, stability, and growth in banking. Explore the evolution of laws, cutting-edge FinTech, and the establishment of a Financial Academy. Be part of the discussion on Saudi Arabia's journey to become a premier destination for FinTech, ensuring a modern, innovative financial system that actively supports entrepreneurship and private sector growth. Qamar Saleem, SME Finance Forum CEO will be part of the panel that focuses on "Navigating Regulatory Transformation" : Analyzing the impact of regulatory changes on SME lending and financial inclusion. Exploring regulatory frameworks from successful international models in lending...Read more
Financial Education
Financial Inclusion
Fintech
This paper investigates strategies of European microfinance institutions (MFIs) and inclusive FinTech organisations to address financial and digital illiteracy among vulnerable customers. It reveals that both MFIs and FinTech organisations focus on personalised financial education, training and coaching but adopt distinct strategies in their approach. The study highlights the crucial role of support teams in enhancing literacy and recommends a balance between digitalisation and human interaction, alongside advocating for governmental and EU educational initiatives. This is the third paper resulting from a research project on “Strengthening Financial Inclusion through Digitalisation” (SFIDE), initiated by EIF’s Research & Market Analysis division. The...Read more
Digital Transformation
Fintech
Join us as we delve into how digital tools and Fintech innovations can strengthen SMEs' financial inclusion. Digital solutions can facilitate management of online payments, ease credit assessment and help address SMEs’ under-collateralization by leveraging real time cash-flow data, enable the development of tailored financial products to SMEs, and enhance the delivery by government agencies and public financial institutions of targeted financing programmes for SMEs. Moreover, the integration of open banking practices can improve SMEs' access to financial services, enabling more personalized banking experiences and streamlined financial operations. In Panel 1, experts from government, industry, and academia will examine the...Read more
Sustainable Finance
Fintech
Slowing economic growth, rising inflation, and climbing interest rates are straining the business models for inclusive fintechs, creating significant uncertainty and new funding challenges. For the past four years, the Inclusive Fintech 50 (IF50) global innovation competition identified and elevated cutting-edge, emerging inclusive fintechs driving financial inclusion. These high-potential start-up fintechs address limitations in financial services delivery for unserved or underserved customers by offering a solution among credit, insurance, payments & remittances, savings & personal financial management, or infrastructure. To better understand the outlook for the sector amidst these market changes, CFI interviewed 12 past...Read more
Financial Education
Financial Inclusion
Alternative Financing
Equity
Gender Finance
Guarantees
Rural & Agriculture Finance
Supply & Value Chain Finance
Trade Finance
Youth Entrepreneurship
Embark on a transformative journey into the future of MSME finance at this in-person event organized by the Banco Central do Brasil (BCB) as a side event of the G20 and GPFI 1st Plenary of 2024, co-hosted by Sebrae and the SME Finance Forum ! Elevate your industry standing alongside key leaders from the sector. Together, we'll confront the $5.7 trillion global financing gap head-on, delving into cutting-edge insights and embracing disruptive innovations. Join forces with Brazil government officials, global industry experts, and FinTech trailblazers to forge strategic partnerships that drive inclusive growth. From unraveling global trends to navigating the...Read more
Caja Huancayo
Caja Huancayo is an entity with 35 years of institutional life it has been adding to financial inclusion, with a strong brand presence at the level of the microfinance system in Peru.
Alternative Financing
Uplinq Financial Technologies , the first global credit decisioning support platform for small business lenders, announced the publication of “ Fair and Accessible Credit for Small Businesses: A Guidebook for Financial Institutions ,” a white paper that blueprints how banks and credit unions can leverage AI technology and alternative data to expand lending opportunities for small businesses. The white paper, commissioned by Uplinq, was developed by Cornerstone Advisors , a leading management and technology consultancy for banks, credit unions and fintechs. It draws on expert insights from senior executives at Visa, the SME Finance...Read more
Financial Inclusion
Washington D.C, January 31, 2024 – Nigeria’s Zenith Bank has joined the SME Finance Forum as the global membership network’s latest member. The 240+ members of the Forum are SME financing experts operating in 190 countries who share the common goal of expanding access to finance to small businesses worldwide through knowledge exchange and innovation. “SME Finance Forum is delighted to welcome Zenith Bank, a leading bank in Nigeria and Africa, into our network. I am confident they will further contribute towards our decade-long efforts in expanding access to financial services for SMEs. We have been building a...Read more
Our trainings aim to enhance the expertise and professionalism of finance providers, enabling them to better understand and meet the financing needs of SMEs, contribute to their growth, and support economic development. They focus on digital disruption, sustainable finance, supply chain finance, credit assessment and customer relationship management. 2024 Sustainable Finance Sustainable MSME finance into practice and profit Finanzas Sostenibles para las MIPYMEs: De la Teoría a la Práctica y la Rentabilidad 2023 Sustainable Finance - Trade Finance Climate Disclosure Training: TCFD for the Financial Sector Trade Finance and Financial Integrity: Countering Trade-Based...Read more
The SME Finance Forum membership network consists of more than 240 member institutions active in 190 countries . The network is a unique community of SME-oriented commercial banks, non-bank financial institutions, fintech companies, and development finance institutions. UPCOMING EVENTS - Q1 and Q2 2024Read more
APIX
APIX, Singapore, Fintech, the first cross-border, open-architecture, collaborative innovation platform.
Bank of Kigali
Bank of Kigali, Rwanda, Commercial Bank, Bank of Kigali is the largest commercial bank in Rwanda, by total assets.
Kapitale
Proxtera
Proxtera is creating the global open digital ecosystem of MSMEs with trusted credentials that help them gain access to trade opportunities and financial services for greater growth.
Kincheng Bank of Tianjin Co.
Kincheng Bank of Tianjin Co., Ltd. was established in April of 2015, one of the first five private banks approved by the China Banking and Insurance Regulatory Commission.
Agrianalytica
Agrianalytica, Ukraine, Fintech, AgriAnalytica is the leading digital platform for agriculture related businesses in Ukraine.
Digital Transformation
With the rapid advancements in computational power, the decades-long vision of using and deploying artificial intelligence (AI) has become a reality. The technology’s swift development has allowed it to transform every walk of life, as it is a wide-ranging tool that enables people to rethink how to analyze data, integrate information and use the resulting insights for improved decision making. While AI’s deployment and uptake undoubtedly provide humanity with numerous opportunities to address global challenges, the data used for AI systems can create risks that must be addressed to avoid undesirable outcomes. In order to fully reap the benefits of...Read more
SME Finance N ews and Events: Your Monthly Round-up January 2024 Edition Submit newsworthy links and let us know how we can improve the SME Market Watch to better meet your needs. SME Finance Forum < smefinanceforum@ifc.org > SME Finance Headlines - Editor's Pick AFRICA IFC Invests in Oásis Atlântico Hotel Group to Support Tourism, Jobs in Cabo Verde” https://pressroom.ifc.org/All/Pages/PressDetail.aspx?ID=27967 (Dec 28. 2023). IFC Welcomes Mindray Medical Equipment to the Africa Medical Equipment Facility” https://pressroom.ifc.org/All/Pages/PressDetail.aspx?ID=27953 (Dec 21, 2023). IFC And Proparco Join Forces...Read more
Financial Inclusion
Washington D.C, January 18, 2024 – AccèsBanque Madagascar has joined the SME Finance Forum as the global membership network’s latest member. The 240+ members of the Forum are SME financing experts operating in 190 countries who share the common goal of expanding access to finance to small businesses worldwide through knowledge exchange and innovation. “SME Finance Forum is delighted to welcome AccèsBanque Madagascar, a leading bank in Madagascar and Africa, into our network. I am confident they will further contribute towards our decade-long efforts in expanding access to financial services for SMEs. We have been building a global...Read more
Credit Risk & Scoring
This blog is brought to you by UPLINQ, a Member of the SME Finance Forum. The first part of that blog series is available here. -------------- In the first article of this series, we talked about the challenges faced by banks and lenders in providing financing to SMEs and enumerated the potential solution areas. In this second article, we are going to dig deeper into those areas. A majority of MSMEs lack credit history and therefore are ‘invisible’ to mainstream lending and consequently high risk. For those with some history, it is based on a...Read more
Financial Inclusion
The SME Finance Forum team and I would like to wish you a happy new year! At the outset, I would like to acknowledge how proud we are to have all of you as members and partners. We thank you for your valuable efforts in scaling SME finance within your own institutions and partnering with the SME Finance Forum. As the headline implies, we are embarking on an exciting new journey for the Forum to play a catalytical role in resolving the longstanding SME challenge so that they we can further steer economic growth and create jobs which is direly...Read more
Sustainable Finance
Digital Transformation
Learn from Michael Jongeneel, about ESG data aggregation practices within FMO and digitalization benefits for SMEs. Interview led by Hans Koning, Global Chief Industry Specialist, Digital Finance at IFC. ‘I have been in Mumbai for less than 24 hours, but I already had a couple of very interesting discussions and potential collaboration with Indian institutions and beyond and enjoyed the lively discussions on stage. The next horizon for FMO is to gather data not only on financials but also on ESG standards to move together to the UN sustainable goals by 2030...Read more
Digital Financial Services
Payments
Learn from Jane Prokop - EVP of Small and Medium Enterprises at Mastercard, about her experience attending the Global SME Finance Forum for the first time and the latest challenges of digitalization. This interview was led by Hans Koning, Global Chief Industry Specialist, Digital Finance at IFC. ‘It is my first time joining the SME Finance Forum and it has been fantastic! One of the real advantages of attending is that you get a chance to meet a lot of innovators. Mastercard is all about partnering and we work with both financial...Read more
Financial Inclusion
The Inclusive Finance India Report provides a comprehensive review of the progress of financial inclusion in the country, tracking performance, highlighting achievements, and flagging gaps and issues that need to be addressed at the levels of both policy and practice. It is a much-awaited annual reference document for policymakers, investors, practitioners, academia, and students, for data trends and insights on various thematic cuts pertaining to financial inclusion. The Report is sponsored by the Bill and Melinda Gates, Foundation, Mastercard, SIDBI, and Rabobank Foundation as the long-term steadfast supporters. The Report this year has additionally been supported by IDFC FIRST Bank,...Read more
Payments
Former SVP and Managing Director of Marqeta takes on new role at leading global issuer-processor to propel its growth journey across the globe 12 th Dec Paymentology , a leading global issuer-processor, today announces the appointment of its new CEO Jeff Parker, who will be succeeding the interim Co-CEOs Abe Smith and Angy Watson. Jeff is a leader in the global fintech & financial services arena. Having lived & worked in four continents he brings with him over 20 years of experience to his new role as CEO of Paymentology. In his previous role as SVP and Managing...Read more
Supply & Value Chain Finance
Summary of the webinar discussion “Sustainability in Supply Chain Finance – Need, Challenges and Opportunities.” October 25, 8 AM – 9:30 AM EDT Panelists: Host: Qamar Saleem, CEO of the SME Finance Forum; Moderator: Rajesh Mehra, Practice Lead for Trade & Supply Chain Finance, Financial Institutions Group covering the Asia-Pacific region at IFC; Opening remarks: Wagner Albuquerque de Almeida, Director, Global Manufacturing, Agribusiness, and Forestry at IFC; Speaker: Steven Beck, Head of Trade and Supply Chain Finance at ADB; Speaker: Dr. Eugenio Cavenaghi, European Head of Working Capital Advisory and Structured Trade at Grupo Santander; Speaker: Anil K. Walia, Supply...Read more
Islamic Banking
In the latest episode of Couchonomics, Arjun was joined by Paul Melotto, Executive Board Member at Alraedah Finance . Paul has played a key part in Arjun’s journey to understand the Saudi ecosystem, especially regarding fintech and financial services. In the episode, Arjun and Paul discussed: The state of Non-Banked Financial Institutions in KSA The liquidity gap faced by SMEs and how to address it Examples of government initiatives supporting SMEs The possibility of banks changing their attitude toward SMEs Whether fintechs are considered friends, foes, or frenemies What regulators can do to unlock potential in the SME and NBFI...Read more
Credit Risk & Scoring
Former CEO of TransUnion Europe – Satrajit Saha – brings his expertise to Creditinfo, planning to drive growth across its credit bureaus globally. London – 29 th November 2023: Creditinfo, a global service provider for credit information and risk management solutions, has today announced the appointment of Satrajit Saha as its Global Chief Executive Officer (CEO). With over 20 years of experience in banking and credit bureau, Satrajit will drive the growth of Creditinfo and the maturity of its credit bureaus globally. He joins the company from TransUnion Europe, where he held the position of CEO for the last five...Read more
Digital Transformation
Fintech
The Virtual SME Finance Marketplace , an initiative of SME Finance Forum, and a product of IFC, is an online match-making platform that promotes partnership and collaboration between financial institutions, fintech companies and development finance institutions/ investors. IFC does not endorse any products featured on the virtual platform or endorse any views expressed by the companies featured on the platform. IFC shall have no responsibility or liability for any party’s reliance on the products or views of any company featured on the site. February Marketplace Session This monthly marketplace session, scheduled on Wednesday ,...Read more
Data Analytics
Digital Financial Services
Digital Transformation
Fintech
Payments
Artificial intelligence and machine learning (AI/ML) have been at the top of the strategic agenda for bank leaders for several years because they are reshaping the way we analyze data, integrate information, and make decisions. According to McKinsey “generative AI will bring major financial benefits to the banking industry, with a potential annual profit of US$200 billion to US$340 billion". Generative AI has the potential to bring significant advancements and transform business functions. AI in finance can help in five general areas: Personalize services and products Manage risk assessment and fraud Enable transparency and compliance Automate operations, scale and reduce...Read more
Financial Inclusion
Non Financial Services
Rural & Agriculture Finance
Washington D.C, December 6, 2023 – Leading agri-services company SE Holdings has joined the SME Finance Forum as its global membership network’s latest member. The 240+ members of the Forum are SME financing experts operating in 190 countries who share the common goal of expanding access to finance to small businesses worldwide through knowledge exchange and innovation. “SME Finance Forum is delighted to welcome SE Holdings a pioneer in helping South African farmers be resilient, innovative, sustainable and profitable, into our network. I am confident they will further contribute towards our decade-long efforts in expanding access...Read more
Financial Inclusion
Gender Finance
Joint Event between SME Finance Forum, Women’s World Banking and the Women Entrepreneurs Finance Initiative. In October 2023, the Women Entrepreneurs Finance Initiative (We-Fi) launched the WE Finance Code (or simply, the Code), a global framework designed to drive commitment, leadership, and innovation to close the gender financing gaps and enable women to succeed as entrepreneurs. This session will introduce financial service providers that are members of Women’s World Banking and the SME Finance Forum to the WE Finance Code and share how the Code can be used to grow financing for women entrepreneurs. Financial service providers, regulators, development banks,...Read more
Akbank
Akbank T.A.Ş. was established in Adana on January 30, 1948 as a privately-owned commercial bank to provide resources and support to the local cotton producers, with the purpose of carrying out all kinds of banking transactions and performing any kind of economic, financial and commercial attempts and activities.
Zenith Bank
Headquartered in Lagos, Nigeria, Zenith Bank Plc has over 500 branches and business offices in prime commercial centres in all states of the federation and the Federal Capital Territory (FCT).
Non Financial Services
Equity
Learn from PVSLN, Murty, Chairman and Managing Director, North Eastern Development Finance Corporation (NEDFi), about their mission to champion the entrepreneurial spirit of the North Eastern Region of India, financing commercially viable industries and providing consultancy services. The interview is led by Hans Koning, Global Chief Industry Specialist, Digital Finance at IFC. ''In the North Eastern Region of India, we have 4000 MSMEs registered but only 14% are active. The remaining need financing support. Among the small businesses we are targeting and investing in are some start-ups, in particular those working in...Read more
Supply & Value Chain Finance
Learn from Sandy Kemper, Founder and Chairman of C2FO, about their on-demand working capital platform as he is answering questions from Hans Koning, Global Chief Industry Specialist, Digital Finance at IFC. 'The IFC has the goal of getting to a hundred billion USD funding by 2030 and we, at C2FO are trying to get to a trillion USD of funding by 2030. Together we can make something extraordinary for the world, we can make an impact." The SME Finance Forum’s Leader Dialogues is a series of one-on-one interviews with CEOs, senior executives...Read more
Gender Finance
Wema Bank , Nigeria’s foremost financial institution and pioneer of Africa’s first fully digital bank – ALAT is calling on Partners, Fintechs, Technical Experts to work with them to create Innovative Financing on Gender Lens and Climate Resilience Solutions. Target Audience The Roundtable will bring together a diverse audience, including Donors, investors, development finance institutions, philanthropic organizations, government representatives, local and international NGOs, investors, accelerators, FinTech among others. Session Format Presentations addressing the theme of the event Moderated panel discussions on theme focusing on different areas followed by Q&A An opportunity for participants toconnect & network with each other Opportunity...Read more
Prime Bank
Prime Bank, is a top-tier second generation local commercial bank in Bangladesh established in 1995. Headquartered in the heart of Dhaka's bustling financial hub Motijheel, the Bank has 146 branches and 170 ATM locations.
Sustainable Finance
Switching to greener technologies in construction and operation of buildings and materials, combined with more climate-friendly capital markets, could reduce the construction value chain’s carbon footprint 23 percent by 2035, while creating investment opportunities in emerging markets, according to a major report from the International Finance Corporation. Building Green, a new flagship report by IFC, shows green buildings are a $1.5 trillion investment opportunity in emerging markets. It lays out a roadmap to help reduce global construction emissions by 23%, with over half in emerging markets: Policymakers: adopt building codes & standards, improve disclosure regulations and remove bottlenecks to private...Read more