Responsability in ground breaking microfinance securitization: Impact investor responsAbility Investments AG sold a $175 million so-called microfinance collateralized loan obligation earlier this month with the help of JPMorgan Chase & Co.
Kakao and Naver have begun competing in the financial services sector as Naver plans to set up a new company, to evolve into a comprehensive financial company beyond offering simple payment and remittance services.
Payoneer has partnered with PayTabs, a payment processing company, to offer customers, selling through their own websites, a payment gateway to seamlessly help receiving funds into Indian accounts.
African telecom firm Africell plans to spend part of a $100 million U.S. credit line on expanding its infrastructure and fintech services. Africell founder and chief executive Ziad Dalloul told Reuters the money would help fund infrastructure investments for its operations in Uganda, Democratic Republic of Congo, Gambia and Sierra Leone.
In recent years, Latin America has joined the worldwide Fintech revolution, creating innovation and start-up ecosystems that permit the development of new technology start-ups offering highly innovative products and financial services. Many studies have reflected the fervor currently felt in the Fintech sector in the Latin America and the Caribbean (LAC) region in recent years.
State-controlled Banque du Caire (Bank of Cairo) is earmarking $180.5 million (EGP3 billion) to support 800 small and mid-sized businesses across the country. The information was revealed by Nader Saad, the head of SME banking services division.
Fear not, Facebook’s Libra is good for banks
The European Banking Authority (EBA) published the findings of its analysis on the regulatory framework applicable to FinTech firms when accessing the market. The Report illustrates the developments on the regulatory perimeter across the EU, the regulatory status of FinTech firms, and the approaches followed by competent authorities when granting authorisation for banking and payment services.
SME Finance Forum member CDC, the UK’s development finance institution, has today announced its investment in Frontiir, the leading internet service provider in Myanmar. The investment will help fund Frontiir’s ambitious expansion throughout Myanmar, connecting over 2 million people to the internet.
Here’s how digital lenders are utilizing machine learning to reshape the industry and provide a growing number of small enterprises with the capital they need. Read about how predictive models are being trained to assess risks by analyzing cases of financial fraud and improve the underwriting process.
