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SME Access to Finance Issue

Blockchain Based SME Lending Platform Bitbond Receives €5 Million Debt Commitment

Global SME marketplace lender Bitbond today announced that it received a commitment from Obotritia Capital to fund loans worth €5 million through its platform. Additionally, Obotritia invested an undisclosed amount of equity to acquire a stake in Bitbond. Bitbond was founded in 2013 and shortly after its start the young company was able to win investors like Point Nine Capital. In 2015 we ... Read More »

Country Risk Climate: Experian – Moody’s Report Indicates Credit Conditions for Small Business are Looking Up

Credit utilization rates expanded briskly in the first quarter of 2017. Taken with upside risk, which at the moment outweighs downside risk, credit conditions for small businesses are looking up. Rates of severe delinquency are declining broadly, and credit constraints should ease as a result. However, balance growth is threatened by the lack of clarity regarding fiscal policies. Small-business credit ... Read More »

Alibaba Makes Its First FinTech Investment In Hong Kong

Alibaba has expanded its investment portfolio in Hong Kong and has chosen Qupital to be its first FinTech investment in the city.  Qupital has just secured a seed investment round of $2 million, led by MindWorks Ventures and Alibaba Entrepreneurs Fund, with co-investment from DRL Capital, Aria Group and several other investors. The funding will be used to enhance its ... Read More »

Financing Failure: Does Microcredit Hold its Poverty-reducing Promise for Cambodia?

High interest rates and a lack of checks and balances mean the poverty-alleviating promise of microfinance loans has not been delivered in Cambodia. And while the government’s recent intervention to cap interest rates may offer short-term solutions, don’t bank on a long-term fix. Microfinance is widely touted for its great potential to alleviate poverty in the developing world while at ... Read More »

US Risk Climate: Small Business Owners Remain Optimistic

A surge in small business optimism that started last November was continued in March, according to the National Federation of Independent Business’ (NFIB) Small Business Optimism Index. Though the index slipped slightly, it still posted a strong reading, with gains in actual earnings, capital expenditure plans and job-creation plans. Sales expectations, however, dropped eight points, signaling that the index could ... Read More »

B20 SME Policy Paper

BIIA participated in the B20 SME Taskforce which concluded its work last year under the leadership of the B20 China.  The B20 leadership transferred to Germany last year and decided to continue to work on SME issues under a new banner called SME Cross-Thematic Group in which BIIA also participated. The B20 Cross-Thematic Group has published the B20 SMEs policy ... Read More »

FICO Launches Cloud-Based Origination Solution to Help Mid-Market Lenders Automate Small Business Lending Decisions

Origination Manager Essentials reduces loan application processing time to 60 seconds or less FICO, Small Business Scoring Service and SBSS are trademarks or registered trademarks of Fair Isaac Corporation in the US and other countries. HIGHLIGHTS: FICO® Origination Manager Essentials is designed to help mid-market banks and credit unions automate small business lending decisions. The solution combines powerful analytics with an automated, cloud-based platform to ... Read More »

Russian Risk Climate:  State Financial Support and Improving Information Transparency will Facilitate SME Access to Favorable Funding

«Program 6.5%». The Russian Corporation for the Development of Small and Medium Sized Businesses launched, in 2015, a funding program in association with 31 banks.  The program entails the provision of funding in the range of US$ 175,000 to US$ 17,500,000 at an interest rate of 10.6% for small businesses and 9.6% for medium businesses.  This compares favorably with current ... Read More »

Save the Date: Global SME Finance Forum 2017

The Global SME Finance Forum 2017 will be held November 1-3 in Berlin, Germany. The annual flagship event of the SME Finance Forum will bring 400+ senior executives from commercial banks, development finance institutions, fintech companies, as well as regulators to focus on leveraging digital banking to serve MSMEs.MSMEs have long been an important customer base for financial institutions, and ... Read More »

Experian Joins Marketplace Lending Association to Drive Responsible Financial Innovation

Marketplace lenders continue to be at the forefront of transparent and responsible financial innovation. This growth has helped to ensure that consumers and small businesses have access to the capital that they need to thrive. As part of our commitment to driving responsible financial innovation, Experian has joined the Marketplace Lending Association as an associate member.  Now more than ever, ... Read More »

TransUnion CIBIL India Launches Credit Risk Ranking for MSMEs

TransUnion CIBIL launched CIBIL MSME Rank (CMR) – a credit risk rank for MSMEs  in order to support banks and credit institutions to achieve robust credit growth in the Micro, Small and Medium Enterprises (MSME) sector while managing the non-performing assets (NPAs). CMR uses machine learning algorithms to predict the probability of an MSME becoming NPA in the next 12 ... Read More »

Infocredit Group – In Business Awards 2016 Winner!

Infocredit Group Receives an Award in the SME Category It is with great pride that we announce the receipt of the IN Business Award in the category of Small and Medium-Sized Enterprises (SME), an award which is dedicated to professional entrepreneurship celebrating leadership and achievement in Cypriot private companies. We are truly honoured for this recognition and we feel especially ... Read More »

China’s MIIT Issues SME Informatization Guidelines

China’s Ministry of Industry and Information Technology (MIIT) recently issued new guidance on promoting small and medium-sized enterprise (SME) informatization, indicating that by 2020, the level of information technology used by Chinese SMEs should be substantially upgraded. SMEs should continue to incorporate new information technologies such as cloud computing, big data, and Internet of Things into their core business processes, ... Read More »

SME Blockchain-based Trade Finance Platform to be Launched

Seven major European Banks are Partnering on a new Blockchain-based Trade Finance Platform Dubbed Digital Trade Chain (DTC), the initiative grew out of an earlier proof-of-concept spearheaded by Belgium-based bank KBC and first unveiled in July of last year.  The tentative plan is to launch sometime in the second half of 2017. Those backing the platform’s development are looking to establish a ... Read More »

IFC Promotes Increased Access to Credit in Lao PDR

IFC, a member of the World Bank Group, is working with Bank of the Lao PDR (BOL) to reform its credit-reporting framework. This is part of a wider effort to improve the country’s financial infrastructure, facilitate lending for smaller businesses, and boost economic growth. Around 100 representatives—including government officials and managers of local financial institutions—attended an international symposium on credit ... Read More »

USA Risk Climate: Optimism among Small Business Owners Highest in over a Decade

Notwithstanding the concern expressed by the G20 and B20 Forums about the general lack of prosperity of SMEs, the news from the United States is encouraging as reported by the National Association of Credit Management (NACM). Expectations for better business conditions among small business owners are at their highest since 2004, according to the National Federation of Independent Businesses’ (NFIB) ... Read More »