SME Finance Forum member, Development Bank of Singapore (DBS) launched DBS MAX, a mobile-based QR code payment tool that allows SMEs to receive payments from consumers and business partners.
According the article, the tool was created to encourage the implementation of ePayments among SMEs and solve SME-related issues managing cash flow and finances.
SME Finance Forum member, Inter- American Development Bank (IDB) will work through its “investment arm” IDB Invest to target the private sector.
According to the article, IDB will focus on tourism, agribusiness, renewable energy and general manufacturing with a goal of bringing in US$3.5 billion in direct private sector capital.
The Finance Industry of Ukraine plans to introduce an exit capital tax for SMEs with an annual income of up to UAH 200 million.
According to the article, replacing the profit tax by the exit capital tax for SMEs meeting the above criteria, is a way to cut the budget loss. With the support of the World Bank, the exit tax capital will avoid a threat to fiscal stability, according to the article.
The Digital Financial Services for Agriculture Handbook is the latest addition to our popular series of DFS Handbooks.
Five Nordic countries: Denmark, Finland, Iceland and Norway partnered to provide insight on the investment landscape, regulatory environment and opportunities and challenges in fintech they are faced with in their region.
Key findings in the report included:
In this study, data from 405 microfinance institutions (MFI) were used to examine the simultaneous and diverse effects of differences in informal and formal institutions on cross-border alliances’ financial performance.
According to the study, “the impact from informal institutional differences is sigmoid-shaped, with performance first increasing, then declining, before improving again as informal institutional differences grow large.”
The study addresses the following:
Global SME Finance Forum 2018 on November 5 to access study visits to financial institutions and fintechs that have best in class, innovative ways of serving SMEs clients.
Intesa Sanpaolo: Commercial Bank – Second largest bank in Italy – Retail, corporate and wealth management
Financial barriers seem to be an unshakeable hardship for SMEs. World Finance addresses the difficulties faced by SMEs to retrieve funding from capital markets, and encourages SMEs to create their own ecosystem for capital.
The article suggest, SMEs take their equity supply into their own hands to see results. SMEs creating their own ecosystem to meet their capital needs, according to the article, will result in:
In the U.S. financial services market, regulations such as Reg A+ and Reg CF have opened up new avenues for startups to raise financing from a large number of unaccredited investors along with accredited investors. Among the 636 companies that filed forms to conduct new offerings under Reg A+ or Reg CF, 80% of them (514) filed for Reg CF. In addition, the number of unique offerings for Reg CF increased by 267% in 2017 compared to 2016.
This analysis provides an overview of the main markets relevant to the EIF. It starts by discussing the general market environment, then looks at the main aspects of equity finance and the guarantee and SME securitisation markets and, finally, it highlights important aspects of microfinance in Europe. A chapter on Fintech also complements the analysis.
EIF research shows that small businesses are increasingly optimistic about the business climate as economic recovery is gaining momentum across Europe.
