DBS Bank today announced the launch of DBS mLoan, a new unsecured working capital loan to help small businesses grow. With DBS mLoan, the bank seeks to plug the credit gap faced by small businesses, which are unable to obtain short-tenor (less than one year) unsecured loans. With DBS mLoan, they can obtain a working capital loan, up to SGD100,000 with no collateral required.
Is the banking industry really being disrupted, or is it just evolving? The short answer is ‘yes’. Both are happening simultaneously.
Evolution in a Bubble
Evolution is a very long process of adaption to the environment, and that certainly describes most of the banking industry over most of its history. Generations upon generations of bankers have adapted slowly, changing only when forced to for survival.
The technology behind Bitcoin -- that electronic money almost nobody understands -- is finally on the verge of going mainstream. American Express (AXP), Bain Capital, Deloitte, Goldman Sachs (GS), MasterCard (MA), the New York Life Insurance Company, the New York Stock Exchange -- all of them have poured millions of dollars into Bitcoin firms recently.
To many small businesses all over the world, accepting Bitcoin payments makes a lot more sense, as they can reduce overhead costs and get their money a lot faster. When operating a business on a smaller scale, the impact Bitcoin payments can have on the overall revenue is a lot bigger. High Violet Salon and Spa in Wisconsin Dells is the latest SME to join the Bitcoin community.
Altéir Consulting in partnership with Acsel is organizing this event with the support of Axelle Lemaire, French digital economy minister.
The Paris Fintech Forum will take place January 28th in the French Ministry of Economy and Finance’s Pierre Mendès France Conference center and will be a French & English spoken event with simultaneous translation in all sessions.
Our ambition is to organize with the support of our partners and sponsors the largest 2016 fintech event in France.
Small businesses, which encourage a culture of entrepreneurship and create jobs, are hugely important to economic growth of Brazil. In total, the 6.3 million small- and medium-sized enterprises (SMEs) are responsible for roughly 20 percent of the country’s GDP and account for 52 percent of the country’s formal jobs.
FinTechStage is a conference with an unconventional format that brings together a unique network of innovators obsessed with driving entrepreneurship and investment in Fin Tech.
The goal is to connect three communities: FinTech startups, investors and financial institutions and deliver content and networking specially designed for their needs.
The mobile phone revolutionizes the economics of financial services and payments to reach, capture and serve consumers by harnessing the 5+ billion people who own a mobile phone today. Whether to enhance the convenience of an existing consumer or tapping tomorrow’s wealth, the mobile phone is the leapfrogging channel to reach consumers.
The experience in funding suppliers using technology, makes of eFactor network the leading provider in offering an open multi-bank platform that allows PRIME ENTERPRISES (buyers) to offer a credit line to its suppliers, allowing them to accede to immediate funding.
Our Business Operating System (OS) software is the culmination of five years of acquiring & managing the largest independent merchant network in the mobile money industry. We built Business OS for ourselves, now we’re opening it to the world.
