Fintech business lenders to self-regulate
February 27th, 2018 – A lack of transparency around fintech borrowing costs for small businesses has prompted the industry committing to adopt a code of conduct and standardised interest rate and fee disclosures. The fintech sector hopes moves to se...
SMEs rely on tech to boost productivity and profitability
February 21th, 2018 – According to results of the Asean SME Transformation Study by UOB, D&B, and EY, SMEs in Singapore and the ASEAN region are trying to leverage technology and simplify their business processes to raise productivity and become...
Global Economy to edge up to 3.1 percent in 2018, but future potential growth a concern
WASHINGTON – January 9th, 2018 – The World Bank forecasts global economic growth to edge up to 3.1 percent in 2018 after a much stronger-than-expected 2017, as the recovery in investment, manufacturing, and trade continues, and as commodity-ex...
India 6th wealthiest country with total wealth of $8,230 billion: Report
NEW DELHI – January 30th, 2018 – India has been ranked sixth in the list of wealthiest countries with total wealth of USD 8,230 billion, while the United States topped the chart, says a report. According to a report by New World Wealth, the Un...
R1.2 billion boost for small business lending in SA
February 6th, 2018 – IFC, a member of the World Bank Group, announced new financing of R1.2 billion ($100 million) to support FNB’s lending to small and medium enterprises, with a focus on women-owned businesses. The financing falls under the IFC ...
Advancing Financial Inclusion Metrics: Shifting from access to economic empowerment
January 18th, 2018 – Financial inclusion is at a turning point. Due to advances in technology, the unprecedented advent of transactional and behavioral big data and greater multistakeholder collaboration, there is a realistic opportunity to reach th...
ModulTrade and Yangting Internet Technology Announce Strategic Partnership to Allow SMEs to Expand Their Global Reach
LONDON – January 29th, 2018 – On Friday 26th January 2018, ModulTrade a blockchain-based B2B global trade platform and Yangting Internet Technology, an investment vehicle for Alibaba, announced a strategic partnership to support SME customers ...
WhatsApp launches ‘Business’ app for SMEs
January 18th, 2018 – Popular messaging platform WhatsApp unveiled a new ‘WhatsApp Business’ app, aimed at small and medium enterprises. The free-to-download Android app will make it easier for companies to connect with customers, as well as its ...
Cross-Border e-Commerce presents new business opportunities
January 16th, 2018 – e-Commerce has changed the way the world conducts business, and the rise in technology has made it easier to interact with customers quickly and across borders. With economies becoming more interconnected, companies large and sm...
Ferratum expands SME lending to Australia
January 15th, 2018 – Small and medium-sized Enterprises in Australia can look forward to securing business loans faster and easier, as Ferratum Oyj, an international provider of mobile banking and digital lending services, launches Ferratum Business...
