Videos

What happens when you digitize transactions? As it turns out, something quite revolutionary. Robert Lin and Margaret Chan of Seabury TFX, a financial services provider, explain how we're at the threshold of a completely new way of approaching supply chain finance. Instead of funding based on credit history, data is becoming the new arbiter for risk and supply chain cash flow. By partnering with GT Nexus, Seabury has been able to offer financing based not on credit, but based on actual transaction performance history on the network platform.

Gaurav Hinduja, founder of SME-focused online lending platform Capital Float, says while a robust digital ecosystem is necessary for SME lending to pick up in the country, the problems that SMEs face in raising working capital can only be solved by digital and traditional banking channels working in tandem.

On June 1 and 2, 2015 the G-20 Global Partnership for Financial Inclusion hosted a workshop on "Financing Entrepreneurship - Innovative Solutions". The event had 165 attendees from 45 countries. This included leaders from banks, fintechs, donor institutions and governments.

The World Bank Group promotes small and medium-sized enterprise (SME) growth through both systemic and targeted interventions. A critical challenge is to root the many activities now undertaken in this broad space in a clear understanding of the characteristics and dynamics of SMEs their role in the broader economy; and their actual and potential contribution to jobs, growth, and shared prosperity.

Banks generally consider poor customers too risky and too expensive to serve. Employing an innovative business model of agent banking and biometric technology, micro-finance bank FINCA is bringing formal financial services to the poor in the Democratic Republic of Congo. Even low income people now have a safe place to save money, earn interest and manage economic decisions.

Banks are like a heart, pumping money through the economy. The problem is that the money doesn’t actually go into the economy. It's time for new plumbing! The hangover of the financial crisis is being washed away with a lot of booze. But little has changed. Where have the trillions gone that were used to bail out the banks and the economy? Are we heading for a new crash?

Patricia Nzolantima, a partner and country manager at Exp-Comunicart Agency, discusses her microfinance programme that was set up to help women entrepreneurs.

women entrepreneurshipBanking provides incentives for Latin America and the Caribbean financial intermediaries to launch innovative and inclusive lending models for women-led micro, small and medium enterprises.
women entrepreneurshipBanking  ia a program by the IDB Group.