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SME Business Issues

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 »

Alibaba and Thailand Sign Agreement to Help Thai SMEs

China’s leading e-commerce company, Alibaba Group’s Executive Chairman Jack Ma and Thailand’s Deputy Prime Minister Somkid Jatusripitak signed a Letter of Intent for Thailand and Alibaba to cooperate to develop e-commerce in Thailand. The agreement covers four key areas: Alibaba will offer e-commerce training to Thai SMEs to aid their access to domestic and international e-commerce platforms; Thailand and Alibaba ... Read More »

De-Risking SMEs: Why Banks Are Ditching FinTech SMEs — Without Warning

Post-financial crisis regulations have forced banks to become more diligent and aggressive against financial fraud, including money laundering. In response to new rules, financial institutions in the U.K. have heightened their practice of de-risking — that is, withdrawing bank accounts or other financial services from customers deemed to be high-risk. Financial institutions assure authorities that their increase of de-risking practices ... Read More »

EU Study: Small Businesses Increasingly Confident About Access to Finance

EU Publishes “Survey on the Access to Finance of Enterprises” (SAFE). The Survey was published on: 30/11/2016 Key Findings: Small businesses from the EU are increasingly confident about their access to finance, according to a joint survey published today by the European Commission and the European Central Bank. Access to finance is the least pressing problem in general and businesses’ demands ... Read More »

China: Top Legislator Considers Amending Law which Supports SMEs

China’s top legislature is considering amending a law that supports small- and medium-sized businesses for the first time since it was adopted in 2003. The revised draft was submitted to legislators for its first reading at the bimonthly session of the National People’s Congress (NPC) Standing Committee, which began Monday and will run until Nov 7. According to the statement, ... Read More »

SME Access to Finance Issue: Ten Hot FinTech Companies Offer Help

Small and medium sized enterprises (SMEs) are the backbone of every nation’s economy and the driving force behind job creation, yet many fail within just a few years. They face many obstacles including access to financing, competition from big business, cash flow, and government requirements – all of which may prevent them from growing into bigger businesses.  CEB research discovered ... Read More »

Alibaba Ramps Up B2B commerce Play in India to Aid Sellers on its Platform

Alibaba is partnering with DHL and Delhivery for providing domestic and international logistics support to Indian sellers. It’s also offering financial aid through its tie-ups with Aditya Birla Group’s NBFC arm, IDFC Bank and Kotak Mahindra Bank. Vinay Bhartia, senior VP at Alibaba, is spearheading the B2B platform in India. In the first phase, Alibaba is looking to tap SMEs ... Read More »

Moody’s to Collaborate with Euler Hermes on Credit Ratings for European SMEs

Moody’s Corporation (MCO) announced a collaboration with Euler Hermes Rating GmbH (EHRG), a Hamburg-based ratings agency, to provide credit ratings for small- and medium-sized enterprises (SMEs) and mid-cap companies across Europe. EHRG is a subsidiary of Euler Hermes (ELE:PA), the world leader in trade credit insurance. Euler Hermes Rating, through its collaboration with Moody’s, will launch new credit ratings services ... Read More »

Experian and Nav Partner to Provide Transparency and Financial Access for Small Businesses

Experian® and Nav, the only free source for both personal and business credit scores, today announced a strategic partnership to provide small businesses greater transparency into their business and personal credit data, along with instant access to their most-qualified financing options based on their credit profile. This new and free approach saves small businesses valuable time and money, helping to ... Read More »

BizEquity and Equifax Partner to Deliver Big Data for Small Businesses

BizEquity, one of the world’s leading online provider of business valuation big data, announced a strategic relationship with Equifax, an information solutions and, global insights provider, to offer a new business valuation tool to help financial professionals prospect more effectively and small business owners better understand their business’ worth. As part of the agreement, Equifax will license certain data assets, ... Read More »