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SME Business Issues

Publicis Groupe and Alibaba Strike Partnership

Publicis Groupe and Alibaba Group have struck a partnership to create a new Uni Desk, which is part of Uni Marketing, Alibaba’s data-powered marketing framework. The collaboration will look to benefit clients of Publicis Media, Publicis Communications and Publicis.Sapient. According to the agency, the move also reinforces its commitment to leadership in digital, data and technology. The partnership will focus ... Read More »

Tracking Changes in Small Business Risk Profiles Challenges Lenders

LexisNexis Risk Solutions launches LexisNexis® Small Business Monitoring that checks for targeted, material changes and updates  LexisNexis® Risk Solutions has identified a growing trend among lenders that serve small businesses—namely, the difficulty of tracking changes in the status of their risk profile.  A suite of products, including Small Business Monitoring, assists lenders with client account management by monitoring for changes in ... 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 »

Hyperwallet Partners Up With SoftBank for Asia-Pacific Region Expansion

Small businesses and freelancers just got a boost in the Asia-Pacific region. Global payouts provider Hyperwallet just announced its partnership with Japan-based SoftBank Payment Service (SBPS). Through this effort, Hyperwallet’s ancillary office in Japan will help to expedite the payout process and options for those in the area. With SBPS’s functionality incorporated into the Hyperwallet system, clients doing transactions in ... Read More »

Cybersecurity Breaches Cost UK Businesses Close To £30bn Last Year

New research published by Beaming, a business ISP, reveals that more than half (52 percent) of British businesses fell victim to some form of cyber-crime in 2016.  Beaming’s study, which was conducted by researchers at Opinium, indicates that 2.9 million UK firms suffered cyber-security breaches nationwide last year, at a cost of £29.1 billion. Computer viruses and phishing attacks were the most ... Read More »

Why SMEs Need Cyber Insurance

Almost three-quarters of small and medium-sized businesses have suffered a security breach, and a report from the Federation of Small Business (FSB) says cybercrime targeting small and medium-sized businesses costs the UK an estimated £5.26bn a year.  The report also notes that it costs small businesses disproportionately more than big businesses, when adjusted for organisational size. Mike Cherry, National Chairman of the ... 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 »

Cyber Insurance: 7 Questions to Ask

Cyber insurance is a growing field putting business and security leaders to the test as they navigate the often tricky process of researching and purchasing policies. Technology is quickly changing, and so is risk.  Insurance for cyber-security is different from other types of insurance because the nature of threats is constantly changing. A hurricane doesn’t change intensity because a building ... 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 »

PICO Launches One-stop O2O Exhibitor Service Platform allows Easy, Economical and Efficient Sourcing

Pico Far East Holdings Limited is pleased to announce that its disruptive strategic platform has just launched its second initiative – E3 (Easy. Events. Exhibition), a one-stop O2O exhibitor service platform dedicated for SME exhibitors. The recently-released Annual Report on China’s Exhibition Economy shows that the exhibition industry in China will continue to enjoy steady growth. Trade shows and exhibitions are major avenues ... 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 »

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 »

Russian Risk Climate:  The Small Business Community Anticipates a More Effective Government Support

Preferences appear not to be the same for everyone.  People within the small business community cite the following reasons of their grievances:  Tightening of credit and the impact of sanctions, but in the first place they point to the low efficiency of state support measures.  According to information provided by small business owners, most often the new support measures are ... Read More »