For much of the world, the G20 members are seen as leaders that can usher the rest of the planet into new eras of government and economic matters. The G20 is taking such a role in the process of small business finance reform, encouraging G20 countries to guide developing nations in their development of regulations and policies that make it easier for small businesses to access financing.
Antalya, Turkey, November 15, 2015 - The SME Finance Forum launched its global member network in a ceremony hosted by Queen Maxima of the Netherlands, Special Advocate for the Secretary General of the UN for Inclusive Finance for Development, and Cevdet Yılmaz, the Deputy PM of Turkey. The Forum’s founding members include banks, technology “disruptors”, regulators and development finance institutions from around the world committed to accelerating financing for small businesses.
Europe’s 22 million SMEs provide 67% of all EU jobs and generate 58% of total EU value added, yet they still often face greater difficulty in accessing the finance they need than their larger competitors. The European Economy journal has brought together financial experts to debate how to address this problem in its latest issue: “Who takes the risks for funding SMEs?”
Member PayPal Holdings Inc said on Thursday it was pledging $530 million to support black and minority-owned businesses in the United States and foster diversity, amid worldwide protests over racial injustice. $500 million will be devoted to the creation of an economic opportunity fund that will invest in black and under-represented minority businesses and communities, the U.S. electronic payments firm said, according to an internal memo and company statement.
CRIF signs agreement for the acquisition of 100% of Strands Inc. to create a worldwide digital solutions provider for Open Banking business. Already partners for financial management solutions, both companies have invested in advanced Open Banking and Digital Economy solutions.
In the spirit of #stayathome for COVID-19 response, member CashDirector has developed a very simple and pragmatic solution for MSMs, based on their Platform.
DocTransfer is a platform for customers to enable a remote, secure exchange of invoices and documents with their accountant. Business owners do not need to endanger their own or the accountant's health in a physical meeting.
Two SME Finance Forum Industry Partners, ACCIS (Association of Consumer Credit Information Suppliers), and FEBIS (Federation of Business Information Services), signed a Memorandum of Understanding to create a framework for co-operation to work on joint policy positions, outreach and joint promotions.
Queen’s University is offering its cutting-edge program on Financial Institutions for Private Enterprise Growth (FIPEG) for professionals who wish to learn about the latest innovations and strategies in the area of small and medium enterprise (SME) finance. Based on international best practices, this two-week program provides professionals with the new operational techniques, banking business models, and innovations that are required to build and maintain a successful SME banking portfolio.
Eneo, a Cameroonian utility company, launched a prepaid service, a solution that “allows clients to tailor their consumption to their budget. The clients control their consumption thanks to an extended reloading offer available 24 hours a day". Eneo partnered with member Ecobank Cameroon, Orange Money, and AfrikPay, who are already operational.
Eneo, a Cameroonian utility company, launched a prepaid service, a solution that “allows clients to tailor their consumption to their budget. The clients control their consumption thanks to an extended reloading offer available 24 hours a day". Eneo partnered with member Ecobank Cameroon, Orange Money, and AfrikPay, who are already operational.
