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Singapore’s ANEXT Bank Reports Doubling of Its MSME Clients

Fintech News

ANEXT Bank, a digital wholesale bank based in Singapore and a subsidiary of Ant International, has reported a substantial increase in its micro, small, and medium enterprise (MSME) customer base. ANEXT Bank continues to focus on serving the underserved MSMEs.

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What are Developing Countries Doing to Improve Access to Finance?

The Fintech Times

Mila Khrapchenko, co-founder and co-CEO at Ameetee “They often progress faster in financial inclusion than developed nations due to more acute financial accessibility issues, lower living standards, and lower market entry barriers. Micro and nano lenders often deal with borrowers who have no bank accounts or credit bureau records.

Finance 59
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Micro-Businesses? Major Role In SMB Banking Disruption

PYMNTS

Solopreneur, independent contractor, freelancer, gig worker – regardless of the name, micro-business owners can largely agree that, when it comes to traditional banking, they’re often left out in the cold. “Over the last 10 or 15 years, we’ve seen a lot of micro-businesses emerge that do a lot with fewer people.

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Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

In the same way that Square built a payment-centric ecosystem for brick-and-mortar SMBs and micro-merchants, Stripe has reinvented online payment acceptance. The company has taken an aggressive but strategic approach towards new market entry, expanding globally through its open engineering and easy integration. Source: Square.

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13 Southeast Asian Fintechs Among CNBC’s Global Top 250 List

Fintech News

This approach has enabled CapBay to provide over MYR 3 billion (US$643 million) in financing to more than 1,700 underserved SMEs across 20 diverse industries. The company offers innovative digital financial services aimed at empowering local and regional micro, small, and medium enterprises (MSMEs).

FinTech 114
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Mastercard’s Head Of Innovation: How The Microsoft Partnership Will Boost Digital Commerce Globally

PYMNTS

He said Mastercard has already launched inclusion initiatives all over the world in healthcare, agriculture, education and micro-retailing. The challenge is to find a way to build digital identities for underserved consumers and businesses so they can fully integrate into the digital economy.

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24 Industries & Technologies That Will Shape The Post-Virus World

CB Insights

Industry proponents have been making the case for telehealth for years, pointing to its potential to lower costs, ease pressure on overextended healthcare systems, and make care more accessible in rural and underserved areas. These entry points give cyberoffenders more room to find susceptible targets. Source: Recorded Future.

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