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From agribusiness to capital markets, JD Digits has been a leading ecosystem player to bring automation, robotics and artificial intelligence to a wide range of industries. SME Finance Forum members had an opportunity to learn about JD Digits during the Forum's second immersion program to JD Finance, the company that manages the service, on June 10.
Washington, D.C. May 3, 2019 – GRAB Financial Services Asia (GRAB) became the newest member of the SME Finance Forum, a global membership network that brings together financial institutions, technology companies, and development finance institutions to share knowledge, spur innovation, and promote the growth of SMEs.
According to a survey of 2000 directors at UK SMEs, almost half of UK SMEs (49%) would seek financing from non-bank lenders as they begin to better understand the business models of companies in this space, including fintechs.
A Leeds-based fintech known as Rebuilding Society, founder Dan Rajkumar, recently said: “When you are a business and you borrow from a bank that agreement is with the bank and it can call it in at any time. They also take quite a high margin with low savings rates,” explained Rajkumar. “I created Rebuilding Society to give everyone a better deal.”
Washington, D.C. March 19, 2019 – Q-Lana became the newest member of the SME Finance Forum, a global membership network that brings together financial institutions, technology companies, and development finance institutions to share knowledge, spur innovation, and promote the growth of SMEs.
“200 million businesses worldwide need financing to invest, grow and create new jobs. We are proud to have Q-Lana join our network of 150 members who work to expand access to finance for small and medium businesses,” said Matthew Gamser, CEO of the Forum.
Businesses such as Amazon and Uber have created successful customer experience models. In this blog, the author shares his common denominators that the financial industry should pay close attention to
1. Be customer experience obsessed.
A study found that 68% of millennials have stopped doing business with a brand due to a single poor customer experience.
Having sufficient access to finance is an important determinant for the development of an enterprise. It is a well-known phenomenon that SMEs face different challenges when accessing finance than large scale enterprises (LSEs). LSE’s for instance, have direct access to capital markets whereas for SMEs this holds to a lesser extent or they have no access at all. Ultimately, the specific financing needs of SMEs warrant specific policy attention.
Washington, D.C. January 29, 2019 – 4G Capital became the newest member of the SME Finance Forum, a global membership network that brings together financial institutions, technology companies, and development finance institutions to share knowledge, spur innovation, and promote the growth of SMEs.
“200 million businesses worldwide need financing to invest, grow and create new jobs. We are proud to have 4G Capital join our network of 150 members who work to expand access to finance for small and medium businesses,” said Matthew Gamser, CEO of the Forum.
How can banks use big data for smarter decision making in SME banking? The majority of SMEs in emerging markets are informal and lack standard financial and business information that traditional banks require for SME lending. How can banks decrease their reliance on formal financial statements from small businesses? This webinar will share a case study from Standard Chartered Bank that has successfully developed an alternative approach using other sources of data to assess creditworthiness of SMEs, such as the consolidated bank statements or accounting books.
The report is a benchmarking index that assesses the enabling environment for financial access in 55 countries. The research underscores the evolving landscape of financial inclusion itself. This year’s index was completely revised to take a forward-looking focus on digital financial services, and to address the critical role of financial inclusion envisioned in the Sustainable Development Goals (SDGs).
KPMG Indonesia published its inaugural edition of The Fintech Edge. The first edition of the report focuses on the Top 10 players in the fast growing Peerto-Peer (P2P) lending sector. KMPG notes, that it is important the P2P players can demonstrate the right balance between protecting the lender through a strong risk management framework, good level of transparency on loans and high service levels for both lenders and borrowers. This will help ensure sustainability for the players and viable market where digital trust can be established.
