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Jun
22
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2022-06-11 20:00:00
2022-06-11 20:00:00
Virtual Workshop: Digitalizing Supply Chain Finance
Virtual Workshop: Transition Digitalizing Supply chain finance
The value of global supply-chain finance (SCF) market remains significantly untapped. According to a recent Mckinsey report, nearly 80 percent of eligible assets do not benefit from better working-capital financing, and the remaining one-fifth of assets are often inefficiently financed.
The global supply chain finance industry has the potential and can fulfill the basic promise of financing the working capital necessary to run any business. Digitalizing supply chain finance can benefit the entire supply and distribution ecosystem if done properly, enabling corporate buyers to secure inventory by extending payment terms, and increasing certainty on forward orders for suppliers. Both banks and nonbank SCF providers can generate stable, short-term, lower-risk recurring transaction volumes while creating an avenue for broader offerings such as foreign exchange, cash management, and capital markets products.
SCF has only partially delivered on this promise despite many emerging and promising catalysts such as digital delivery, fintech innovation, industry utilities, blockchain, and API technologies. Often it is focused on larger, well-financed multinational corporations and their first-tier suppliers only, while smaller and under-financed enterprises down the chain face barriers to access. Many institutions cannot offer the full range of SCF products, because they have limits on exposure or risk and limited expertise in underwriting and because they lack existing processes. The fragmentation of SCF platforms and data sharing makes the task even more difficult.
Considering the important role of SCF, the APFF, in partnership with the SME Finance Forum, is organizing this workshop to explore ways for digitalization to unlock the potential of SCF and bring meaningful changes in access to and availability of SCF for SMEs. The workshop will attempt to address the following questions:
1. How global value chains are being reshaped by cross-border data flows and new technologies.
2. How regulators and policymakers could support and address challenges resulting from the cross-border nature of SCF.
Co-organized by
APEC Business Advisory Council (ABAC)
SME Finance Forum
Office of SMEs Promotion Thailand (OSMEP)
Asia-Pacific Financial Forum (APFF)
Co-hosted by
Thai Bankers’ Association
Office of SMEs Promotion Thailand (OSMEP)
ABOUT THE ORGANIZERS:
APEC Business Advisory Council
The APEC Business Advisory Council (ABAC) was created by the APEC Economic Leaders in November 1995 to provide advice on the implementation of the Osaka Action Agenda and on other specific business sector priorities, and to respond when the various APEC fora request information about business-related issues or to provide the business perspective on specific areas of cooperation. ABAC comprises of up to three members of the private sector from each economy.
APFF Sustainable Finance Development Network
The Sustainable Finance Development Network (SFDN) was set up within the Asia-Pacific Financial Forum (APFF) as recommended by the APEC Business Advisory Council (ABAC) in 2020. It serves as an international platform for private-public sector collaboration, accelerating the convergence of sustainable finance policies among APEC economies and strengthening the region as they develop a common global sustainability framework. This is done primarily through activities supporting the APEC Finance Ministers’ Process and assisting ABAC in developing its high-level recommendations to the Finance Ministers. In 2022, SFDN is mandated to support ABAC in developing recommendations in five key areas, which include MSME transition.
The Office of SMEs Promotion, Thailand
The Office of Small and Medium Enterprises Promotion (OSMEP) is a government agency under the Office of the Prime Minister. The establishment of OSMEP was endorsed by the Small and Medium Enterprises Promotion Act, B.E. 2543 (2000) and the Small and Medium Enterprises Promotion Act (NO. 2), B.E. 2561 (2018). It is the leading organization in formulating policies and strategies on MSME promotion as well as to serve as a focal agency in coordinating the network systems of public and private sectors in order to drive MSMEs to grow with strength and sustainability.
SME Finance Forum
The SME Finance Forum, managed by the International Finance Corporation, was established by the G20 Global Partnership for Financial Inclusion (GPFI) in 2012 as a knowledge center for data, research and best practice in promoting SME finance. It works to expand access to finance for small and medium businesses. The Forum operates a global membership network of over 220 members that brings together financial institutions, technology companies, and development finance institutions to share knowledge, spur innovation, and promote the growth of SMEs.
Thai Bankers’ Association
Since its establishment in 1958, the Thai Bankers’ Association (TBA) has played an active role in representing the banking community in discussions with the Bank of Thailand, Ministry of Finance, Ministry of Commerce, and other government agencies in formulating and implementing key economic and financial policies. It collaborated with the Board of Trade of Thailand and the Federation of Thai Industries in establishing the Joint Public-Private Consultative Committee, a prominent forum to discuss on-going national issues with the government, which often results in very fruitful adjustment of government policies or amendment of laws and regulations that are conducive to efficient practices in trade and investment. TBA is also a founding member of the ASEAN Bankers Association and works closely with the Foreign Banks Association in various banking issues, including improving the payment system, formulating guidelines for common practice on rule and regulations, and organizing joint charity activities.
13 June 2021
1800-2100 Canada, Mexico and USA (Pacific Daylight Time)
2000-2300 Canada, Mexico and USA (Central Daylight Time)/Peru
2100-2400 Canada, Mexico and USA (Eastern Daylight Time)/Chile
14 June 2021
0400-0700 Russia (Moscow Standard Time)
0800-1100 Indonesia (Western Indonesian Time)/Thailand/Viet Nam
0900-1200 Brunei Darussalam/China/Hong Kong, China/Malaysia/The Philippines/Singapore/Chinese Taipei
1000-1300 Japan/Korea
1100-1400 Australia (Australian Eastern Standard Time)/Papua New Guinea
1300-1600 New Zealand
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Jun
22
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2022-05-31 20:00:00
2022-05-31 20:00:00
SME Finance Virtual Marketplace - June Monthly Session
The “SME Finance Virtual Marketplace” is an online match-making platform that promotes partnership and collaboration between members of the SME Finance Forum, especially financial institutions, fintech companies and development finance institutions/ investors. The virtual Marketplace is powered by GlobalLinker, an AI powered ‘Digital Ecosystem’ offering SMEs a range of services to build digital presence including e-commerce.
How does the Marketplace operate?
To participate in the marketplace session, each member of the SME Finance Forum must have 1) an institutional profile (company profile) and personal profiles (individuals representing the companies) set up on the marketplace. Institutional profile shall also include products/services being offered by the members. With institutional profile and personal profile, representatives of member institutions will be able to explore different offerings by other members such as investment products, advisory services, technology solutions...etc. The virtual platform will enable members to reach out to one another to discuss potential collaboration and partnership at their own convenience.
To learn how to set up a company profile, a listing and an individual profile, please read the User Manual in this link.
Feel free to let us know should you have any questions or need any assistance to smefinanceforum@ifc.org.
June Marketplace Session
If you missed that session, you can relive it now!
Access Bank
Ayo Olojede is the Group Head, Emerging Businesses at Access Bank. She is responsible for the strategy formulation to deliver the bottom-line factor of the division. Ayo has over 20 years operational banking experience in Africa and North America at HSBC and Skye Bank (now Polaris) prior to joining Access Bank. She is very passionate about the sustainable growth of MSMEs and possesses strong knowledge and hands on experience of best practices in SME banking, value propositions and risk management approaches to expand financial access to SMEs and women led businesses. Her work has achieved recognition for “best in class” SME specific credit assessment methodology both locally and internationally to expand lending to “new to Borrowing” SMEs. She is a member of the bank’s Digital Council which has overall responsibility for the bank’s digital strategy, approved partnership with fintech companies and monitoring the implementation of digital initiatives. She is a university scholar, a Fellow Chartered Accountant and holds an MBA degree from Kellogg School of Management, Evanston. She speaks globally on SME Finance and Business services.
Lucy
Debbie Watkins is the CEO and co-founder of Lucy. Debbie has 20+ years of experience in technology for finance, mobile-enabled products and services, and business and strategy consulting. working in over 35 countries. She has led customer-centric market research and product development engagements; supported clients in technology platform needs assessment and implementation; managed multi-million-dollar projects in Asia and Africa; and built multi-disciplinary and multi-cultural teams in a number of countries. She has lived in Asia since 2000, and is based in Singapore where she is the CEO and co-founder of Lucy. Lucy is a neobank built to help women who are overlooked, underestimated, and underbanked become unstoppable by levelling the financial playing field. Lucy aims to empower women from all walks of life, by equipping them with the financial services, growth tools and peer support that they need to grow and thrive.
Secure Now
Kapil Mehta is the co-founder of SecureNow, an award-winning insurance broking firm that uses technology-based distribution to sell commercial insurances to MSMEs in India. Kapil writes regularly in the media, specifically on matters that impact policyholders. He is a director of the Insurance Broking Association of India, a policyholder representative on the Policyholder Protection Board Subcommittee of a life insurer and on the SME advisory board of a leading general insurer. He is also active in several industry associations and a Charter Member of TiE. Kapil was formerly the managing director of Prudential Financial’s life insurance company in India. Still earlier, he has worked with Max New York Life, McKinsey & Company and Unilever. Kapil has studied at IIM Ahmedabad and IIT Delhi. He adores Calvin and Hobbes, and playing with Chip, his pet dog. He took to constructing crosswords during the pandemic after his attempt to have the family play Bridge failed. His first crossword was published in October 2021. Kapil’s spouse is an eye surgeon, elder daughter is studying law and younger son wants to be a doctor.
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de mayo
22
SME FINANCE FORUM
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2022-05-03 20:00:00
2022-05-03 20:00:00
SME Finance Virtual Marketplace - May Monthly Session
The “SME Finance Virtual Marketplace” is an online match-making platform that promotes partnership and collaboration between members of the SME Finance Forum, especially financial institutions, fintech companies and development finance institutions/ investors. The virtual Marketplace is powered by GlobalLinker, an AI powered ‘Digital Ecosystem’ offering SMEs a range of services to build digital presence including e-commerce.
How does the Marketplace operate?
To participate in the marketplace session, each member of the SME Finance Forum must have 1) an institutional profile (company profile) and personal profiles (individuals representing the companies) set up on the marketplace. Institutional profile shall also include products/services being offered by the members. With institutional profile and personal profile, representatives of member institutions will be able to explore different offerings by other members such as investment products, advisory services, technology solutions...etc. The virtual platform will enable members to reach out to one another to discuss potential collaboration and partnership at their own convenience.
To learn how to set up a company profile, a listing and an individual profile, please read the User Manual in this link.
Relive previous sessions here>
Tenth Marketplace Session
This tenth marketplace session, scheduled on Wednesday, May 4th from 8 am - 9:00 EDT, will feature a series of members who will present their products/services.
Following the presentations, participants will have the opportunities to reach out directly to the presenting institutions to make inquiries or explore partnership opportunities based on their interests.
4G Capital
Wayne Hennessy-Barrett is Founder/ CEO of 4G Capital, the award-winning Neobank for Africa, delivering last-mile finance and enterprise training to small businesses in Kenya and Uganda. The Company has helped 250,000 micro entrepreneurs increase annual revenues by 82%, with $240 million + loaned since inception. Unprecedented repayment and client repeat rates are achieved by blending machine learning with personal customer service. 4G Capital partners with global and local brands, distributers and retailers to boost sales and grow value chains. 4G Capital recently closed its Series C round to scale into new markets and broaden its range of products with client digitization. 4G Capital was ranked in the top ten global B Corporation finance providers in the 2022 Real Leader awards. Hennessy-Barrett had a distinguished first career as an infantry officer in the British Army, seeing extensive active duty worldwide. He volunteers with several charities focusing on poverty, social exclusion and veterans’ issues. He holds a master’s degree in conflict studies from King’s College London, a bachelor’s degree in politics from Exeter University and attended the Harvard Business School Strategic Leadership in Financial Inclusion executive course.
Roseanne Masila is Chief of Operations Support at 4G Capital. Her focus is on Customer Care, Customer Success, Training, Marketing and HR. She has also led the introduction of a disability program as part of driving diversity and inclusion in the company. She started her career in Human Resource Administration and has climbed the HR ladder while developing other team members and constantly developing herself in different aspects. Her extensive HR generalist experience obtained from multinational companies in different industries have seen her run end to end HR processes before moving more recently into her role as Head of Operations Support.
Access Microfinance Holding AG
Anna Aslanova is Senior Expert in Learning Development at Access Microfinance Holding AG. Skilled in Coaching, Talent Management, Business Planning, HR Consulting, and Training and Development, Anna has worked in the financial industry for more than 15 years. Anna is a Certified business and leadership Coach, an invited Lecturer in the field of Human Resources and Organisational Behavior. Her passion is to see people grow and prosper. Anna holds a master’s degree in management from Caucasus School of Business and speaks four languages. Anna is a proud mother of two sons. Originally, Anna is from Georgia, Tbilisi but since 2018 she lives and works in Berlin, Germany.
Banking Circle
Jon Levine is the Co-Head of Institutional Banking of Banking Circle. Prior to joining Banking Circle, Jon spent 11 years at Standard Chartered where he worked at the bank’s London, Dubai and Singapore offices. His most recent Standard Chartered role was as Managing Director responsible for UK Banks, Broker-Dealers & Fintech coverage. Earlier roles at Standard Chartered included Public Sector & Development Organisations coverage across EMEA and Debt Capital Markets roles. Jon started his career at Goldman Sachs where he worked on DCM, ECM and M&A assignments in the US and Asia.
Convergence
Chris Clubb has 20+ years of experience financing development projects in more than fifty emerging and frontier markets. Prior to joining Convergence, he was the Director leading European Bank for Reconstruction and Development’s (EBRD) financing/investment activities in its early transition countries where EBRD increased its annual investments five-fold to become the largest investor in these low-income countries. While at EBRD, Chris innovated and implemented in partnership with more than 20 donors many of EBRD’s blended finance programs – including the leading local currency program for SME finance and development. Prior to EBRD, Chris provided long-term financing to strategic European infrastructure projects while at European Investment Bank, provided cross-border financing to international buyers while at Export Development Canada, and started his banking/financing career in corporate banking at Toronto Dominion Bank. Chris has held senior strategic risk management positions at EBRD and EDC, including the design and implementation of an enterprise-wide risk management framework.
Development Bank of Nigeria
Bonaventure Okhaimo is the Chief Operating Officer at Development Bank of Nigeria. A Chartered Banker, Member of the Chartered Bankers Institute, UK and a fellow of the Institute of Credit Administration, Nigeria, with over 25 years banking experience spread across local and international banks. His vast industry experience includes, branch operations, branch management, leadership roles in Retail/SME Banking, Development Finance, Institutional Banking, Information Technology and Strategic Operations Service Delivery. He holds an LLB from University of Benin, Nigeria, a B. L from the Council of Legal Education, Lagos, an MBA in Financial Management from University of Technology, Owerri, a chartered banker MBA from Bangor University, United Kingdom and ACIB from Chartered Institute of Bankers, Nigeria.
Fintech Group
Hassan Issa has extensive experience in Financial Technology having been in the industry for 16 years at Fintech Group Kenya & Fintech International. He has served in software development in various capacities to Senior Software Developer position.Since then, Hassan has been Product Manager (Channels), from 2009 to-date, managing various platforms including Internet & Mobile Banking, Enterprise Service BUS and Finbridge Middleware. Hassan has overseen 64 payments clearing solutions in 64 banks across Africa. He has also overseen product deployments in Uganda, Tanzania, Kenya, Liberia, Ethiopia, Malawi and more.
Ontology
Li Ge is the Business Development Manager at Ontology. As an early adopter and believer of decentralized networks and data, Li has previously worked as a business solution architect serving leading global enterprises. He brings a wealth of experience to the Ontology Business Team, having co-founded the mobile AR gaming project, he also has industry expertise in Blockchain as a Service solutions. As a tech enthusiast, and a researcher of the global gaming landscape and metaverse, Li works hard to narrow the gap between the decentralized world and reality.
Tysys Capital Group
Modise Motloba is the founder and Chief Executive Officer of Tysys Capital Group Proprietary Limited, a 100% black-owned, managed and controlled niche financial service and investment group with expertise in Corporate Financial Advisory, Fund Management, Wealth, SMME Development & Finance and Principal investments. Modise has more than 27 years working experience in the Financial Sector both in South Africa and the United States of America. He has operational and managerial experience as well as competency in Treasury Services, Risk Management, and Wealth Planning.
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de abril
22
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2022-04-12 20:00:00
2022-04-12 20:00:00
Open Webinar: The Future of Finance for Women SMEs
¡Con interpretación en vivo ESPAÑOL>ENGLISH!
Interpretation en français disponible!
С синхронным переводом АНГЛИЙСКИЙ>РУССКИЙ
伴有同声传译。
مع ترجمة فورية بين العربية والإنجليزية
Women are a driving force for the economies in which they operate. However, women entrepreneurs face a range of financial challenges in realizing their business potential and are less likely than men to have adequate financial services. IFC estimates a US$1.5 trillion finance gap for women-owned micro, small and medium enterprises (MSMEs) in emerging economies. Financial institutions in Africa, Latin America, North America, the Middle East, Asia and Europe have innovated to narrow the finance gap and reach these important customer segments, using innovative products and solutions that harness technology, data, and customer-centric value propositions.
To enable the financial sector to better serve women customers including women-owned businesses, IFC’s Banking on Women (BOW) business has developed scalable solutions with partners that involve investments, advisory services and blended finance supported by partners such as Goldman Sachs Foundation.
In this webinar on April 13th, 2022 at 8 am EDT, leaders and IFC partner financial institutions discuss their innovations to finance and support growth for women customers and targeted solutions in SME finance, housing finance, trade finance, and capital markets.
As of June 2021, IFC’s Banking on Women (BOW) business has mobilized and invested over US$3 billion in financial institutions, specifically to finance women-led SMEs.
Host
Matthew Gamser, CEO, SME Finance Forum
Moderator
Colin Daley is a Global Advisory Specialist for IFC’s Banking on Women business in the Financial Institutions Group. He is currently working with financial institutions in the Middle East and Africa to enhance their strategies to attract, retain and grow women customer segments and ultimately differentiate themselves in their chosen markets. He was formerly an Advisory Partner at Ernst & Young EMEIA focusing on assisting financial services institutions to derive value from specialized segments, including SMEs, Retail. Colin was previously head of the Retail Banking Customer Journey Reengineering unit at HSBC UK and has worked as a management consultant in the UK, Poland, Norway, Nigeria, Ghana, South Africa. Colin is a Doctorate Candidate (DBA) with Paris School of Business (France) and is an Alumnus of the Advance Management Programme, Lagos Business School (Nigeria) and a holds a BEng(Hons) Electronic and Electrical Engineering, from Loughborough University (UK).
Speakers
Carl Wegner is the Chief Executive Officer of Contour, a network to lead a global adoption of blockchain-based trade solutions. Carl has over 30 years’ experience in Asia Cash Management, Institutional Banking, Financial Supply Chain and Distributed Ledger Technology. Carl served as R3 Managing Director for Asia, where he was instrumental in the business growth and market penetration of Corda solutions with Central Banks, Financial Institutions and Corporates. Carl’s prior experiences include Managing Director and Head of Global Transaction Banking, Greater China of Deutsche Bank, and Managing Director of Transaction Banking for Standard Chartered Bank in Taiwan. He was also Head of Asia for TradeCard (now GTNexus) building their network in 14 countries. Carl was named as a Top FinTech Leader at the Singapore FinTech Association (SFA) Awards 2020. He has also held the post of Treasurer at Taipei American Chamber of Commerce and is an Appointed Board Member of Taipei American School. Fluent in Mandarin, he holds a B.S. in both Chinese Language and Chinese History from Georgetown University.
Marcia Díaz is the Manager of SME Commercial Strategy at Banco Pichincha. She has more than 20 years of experience in the financial system of Ecuador handling various market segments. She currently leads the Small and Medium Enterprises team and promotes the SER#ImpulsoMujer Program, whose objective is to accompany the growth of businesses led by women through women-focused advice and financial and non-financial solutions. She holds a Master in Business Administration with a specialization in Corporate Strategy and she is a graduate of the Senior Management Program of Incae Business School.
Sarah Lubega Nansikombi is the Manager Women's Banking, Stanbic Bank Uganda, the biggest commercial bank in Uganda by Assets and branch network. She has 18 years’ experience in client solutions for consumer and high net-worth, SMEs, Corporate and investment banking. She currently heads the team developing financial and non-financial solutions tailor made to women ranging from individuals, professionals, sole proprietorships, micro-SMEs, women groups and investment clubs aimed at empowering the woman, banked and non-banked. She is a Certified Financial Literacy Trainer and a member of the Board of Trustees of Stanbic Uganda Holdings Ltd Staff Provident Fund. She holds a Bachelor of Business Studies and is a graduate of the Global Leadership Centre, Sandton South Africa.
For more information, please contact us at smefinanceforum@ifc.org
By registering to this event, you agree to the SME Finance Forum/IFC Event Privacy Notice.
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de marzo
22
SME FINANCE FORUM
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2022-03-13 20:00:00
2022-03-13 20:00:00
G20 Database is Open for Submissions!
[G20 DATABASE]
The G20 Presidency of Indonesia 2022 and the Global Partnership for Financial Inclusion (GPFI), in partnership with the SME Finance Forum, are building a living database of successful examples of digital and innovative financial products and services for MSMEs beyond credit. These non-credit financial products and services may include, among others, digital payments, insurance, factoring, leasing, guarantee, and other risk management products.
Institutions, which have designed and implemented innovative financial products and services beyond credit to help MSMEs especially women entrepreneurs, youth entrepreneurs, and social finance recipients are strongly encouraged to contribute case studies.
Process and timeline: To ensure consistent quality and integrity of the case studies, a panel of subject matter experts is being set up. The committee will review the submitted cases on regular basis, seek clarifications and provide inputs where appropriate, before the case studies are accepted and published in the database.
Selected cases will be used as inputs into a G20 summary report which is expected to be drafted in June 2022.
"We are calling institutions to submit case studies on digital innovative and financial products and services for MSMEs beyond credit,” highlighted Magda Bianco, Co-Chair of the GPFI during the G20 Workshop on Digital and Innovative Financial Products and Services for MSMEs Beyond Credit, organized last month, hosted by the G20 Indonesia Presidency 2022 and the G20 countries’ Global Partnership for Financial Inclusion.
The database is open for submissions! Don't miss out on the opportunity to spotlight your work by submitting a case study to the G20 database.
Details for submission can be found here>
https://www.g20smecasestudies.org/
#smefinance #digitization #innovation #financialinclusion #financialservices #womenentrepreneurs #youthentrepreneurs #migrantentrepreneurs
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SME FINANCE FORUM
ronyg@panapps.co
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de marzo
22
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2022-03-01 19:00:00
2022-03-01 19:00:00
G20 Workshop on Digital and Innovative Financial Products and Services for MSMEs Beyond Credit
The G20 countries’ Global Partnership for Financial Inclusion and the Indonesia G20 Presidency are organizing the G20 Workshop on Digital and Innovative Financial Products and Services for MSMEs Beyond Credit. The two-hour virtual workshop will take place on March 2nd, starting at 6:30 PM Jakarta time (GMT+7).
The workshop, to be organized in partnership with the SME Finance Forum, with support from member Islamic Development Bank, Women’s World Banking, IFAD and Better Than Cash Alliance, will showcase examples of innovative non-credit financial products and services helping micro, small and medium enterprises recover from Covid and advance in digital financial inclusion - especially cases targeting women entrepreneurs, youth entrepreneurs, startups and social finance recipients. Technologies presented will cover digital payments, insurance, factoring, leasing, guarantees, risk management and more.
During the workshop, the G20/SME Finance Forum digital database was launched. This database collects further examples of successful innovations in the field of non financial services. Share your own experiences in the database!
Download the brochure here>
Presentation decks are posted on Member Portal.
For questions or assistance in registration, please email Hourn Thy at the SME Finance Forum at hthy@ifc.org.
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