cat/credit-and-financial-information
Washington, D.C. January 29, 2019 – Morocco Credit Guarantee Corporation (CCG) became the newest member of the SME Finance Forum, a global membership network that brings together financial institutions, technology companies, and development finance institutions to share knowledge, spur innovation, and promote the growth of SMEs.
How can banks use big data for smarter decision making in SME banking? The majority of SMEs in emerging markets are informal and lack standard financial and business information that traditional banks require for SME lending. How can banks decrease their reliance on formal financial statements from small businesses? This webinar will share a case study from Standard Chartered Bank that has successfully developed an alternative approach using other sources of data to assess creditworthiness of SMEs, such as the consolidated bank statements or accounting books.
Washington, D.C. January 8, 2019 – Nova Credit Limited (Nova Credit) became the newest member of the SME Finance Forum, a global membership network that brings together financial institutions, technology companies, and development finance institutions to share knowledge, spur innovation, and promote the growth of SMEs.
The report is a benchmarking index that assesses the enabling environment for financial access in 55 countries. The research underscores the evolving landscape of financial inclusion itself. This year’s index was completely revised to take a forward-looking focus on digital financial services, and to address the critical role of financial inclusion envisioned in the Sustainable Development Goals (SDGs).
By leveraging partnerships with farmers’ cooperatives and telecom operator MTN, in a recent pilot Advans Cote d’Ivoire achieved 100 percent on-time repayment and notably increased school attendance among borrowers’ children. This innovative work with cocoa farmers earned Advans Cote d’Ivoire the 2018 European Microfinance Award for inclusive finance through technology. Advans is trying to solve a liquidity problem with a promising new digital credit product.
Washington, D.C. December 18, 2018 – Federación de Cajas de Crédito y de Bancos de Los Trabajadores (Fedecrédito) became the newest member of the SME Finance Forum, a global membership network that brings together financial institutions, technology companies, and development finance institutions to share knowledge, spur innovation, and promote the growth of SMEs.
Sixteenth in a series of annual reports comparing business regulation in 190 economies, Doing Business 2019 measures aspects of regulation affecting 10 areas of everyday business activity:
KPMG Indonesia published its inaugural edition of The Fintech Edge. The first edition of the report focuses on the Top 10 players in the fast growing Peerto-Peer (P2P) lending sector. KMPG notes, that it is important the P2P players can demonstrate the right balance between protecting the lender through a strong risk management framework, good level of transparency on loans and high service levels for both lenders and borrowers. This will help ensure sustainability for the players and viable market where digital trust can be established.
The ease with which customers access digital financial services (DFS) can make such implementations appear deceptively simple – with just a click on a mobile phone and a customer will be able to make payments, save money, access credit, and even become insured. Launching a digital channel is not a simple endeavor however. It requires a relevant strategy, the right technology solution, the operational know-how, and a very good understanding of customers.
Washington, D.C. November 13, 2018 – Trefi became the newest member of the SME Finance Forum, a global membership network that brings together financial institutions, technology companies, and development finance institutions to share knowledge, spur innovation, and promote the growth of SMEs.
“200 million businesses worldwide need financing to invest, grow and create new jobs. We are proud to have Trefi join our network of 150 members who work to expand access to finance for small and medium businesses,” said Matthew Gamser, CEO of the Forum.
