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Fintech

Embracing automation to serve customers efficiently and rejuvenate SME Banking

The SME Finance Forum hosted a two-session webinar series on Digital Banking Solutions. For the first in the series, we examined how financial institutions can connect to fintechs through platforms, realizing the potential of new solutions in SME Finance. In the second webinar in the series, we discussed how banks are embracing automation and other digital innovations such as mining big data, artificial intelligence, and machine learning, to improve core SME lending processes. 

Disruptive Technologies in the Credit Information Sharing Industry: Developments and Implications - Fintech Note

This note analyzes the evolution of Credit Information Systems, including the emergence of new technologies that use alternative data in credit decisioning and the opportunities and risks associated with these trends. This paper also predicts the potential development effect of these disruptive technologies and proposes a role for the World Bank Group in leveraging these technologies to promote inclusion and stability. 

Fintech: The Experience so Far - IMF, World Bank Survey

The IMF and the World Bank Group launched at the 2018 Annual Meetings the Bali Fintech Agenda (BFA), a framework of high-level issues that countries should consider in their own domestic fintech policy discussions. The BFA is organized around a set of twelve elements aimed at helping member countries to harness the benefits and opportunities of rapid advances in financial technology that are transforming the provision of financial services, while, at the same time, managing its risks.

Four fintechs share £40m funding pot to boost small business finance in UK

Four fintechs have been awarded £40m between them to address the £10bn funding gap caused by the lack of small business finance in the UK. The £40m is part of a £775m programme funded by Royal Bank of Scotland as a condition of its bailout during the financial crisis.A total of £425m will be given in cash grants to rival business banks and financial technology companies to support small businesses.

 

CashDirector Joins 150 Other Financial Institutions to Promote SME Finance

Washington, D.C. February 12, 2019 –  CashDirector 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 CashDirector 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. 

LendIt Fintech USA 2019

LendIt Fintech USA 2019 returns to San Francisco as we host the World’s Leading Event in Financial Services Innovation at the Moscone Center. The year’s event brings together 5,000 decision makers from major fintech, blockchain, digital banking and lending companies for two action-packed days of networking, learning and doing business.

SME Finance Forum members will recieve a 15 percent discount on registration. Contact us for the discount code.

JD Finance Joins 150 Other Financial Institutions to Promote SME Finance

Washington, D.C. December 3, 2018 – JD Finance 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 JD Finance 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. 

Member News: Funding Circle Partners on New Reporting Platform

SME Finance Forum member, Funding Circle partnered with top fintech reporting and analytics platform, dv01. 

According to the article, the partnership will allow institutional investors who use dv01 to conduct analysis on marketplace lending and mortgage loans and bonds to access Funding Circle's US SME loan performance data on dv01. Investors will have around the clock access to updated loan level performance and composition details through Funding Circle’s data.

Creditease Supported Fintech Firms Succeed in Making Finance Accessible

SME Finance Forum member, Creditease Fintech VC Fund, has invested in 25 U.S. and Chinese companies since its founding in March 2016. The P2P and wealth management, China-based firm invests in spaces that are underfunded, particularly those in SME lending. In this Forbes interview, managing director of Creditease, Anju Patwardham, shares details on the fintech companies she has selected to invest in.