Articles
Non Financial Services
Gender Finance
Covid-19
Jan 15, 2021
The COVID-19 pandemic has profoundly impacted many lives across the globe. In this blog we focus on women. Worldwide, the pandemic has hit women harder than men. Women run a higher risk of COVID-19 contagion due to their occupations in health-related activities. They are also overrepresented in jobs where social distancing has been more difficult...
Fintech
Dec 23, 2020
Our member Raiffesisen Bank International’s Partnership Program Elevator Lab’s fourth round took place virtually in the second half of 2020. Elevator Lab had been selected as one of the “Best Financial Innovation Labs in 2020” by the Global Finance. The Lab aims at finding innovative fintech solutions and building mutually beneficial partnerships...
Financial Inclusion
Dec 22, 2020
Our member Kabbage plans to expand on the work done by researchers from NYU Stern on the kind of lenders that had the highest minority share among their Payment Protection Program (PPP) loans. They will work on exploring the reasons behind the found correlation between the lender type and borrower race. The current research note focused on...
Fintech
Dec 17, 2020
We are happy to share that our member Bitbond , Germany’s leading tokenization and digital asset custody technology provider, and Bankhaus von der Heydt (BVDH), one of Europe’s oldest banks, have joined forces to issue a Euro (EUR) stablecoin (EURB) on the Stellar network. The EURB stablecoin is the first stablecoin issued directly by a banking...
Sustainable Finance
Dec 15, 2020
As the world reflects on progress on climate action since the Paris Agreement signing, it has been clear that action by small and medium-sized companies is essential for accelerating the transition to a net-zero emissions global economy. The SME Climate Hub has joined forces with Oxford University to provide small and medium-sized enterprises (...
Covid-19
Dec 10, 2020
We are happy to share that our member U GRO Capital has recently entered into a strategic partnership with the Wadhwani Foundation, a global non-profit organization. The partnership between the two organizations will mutually benefit the micro, small and medium enterprises that are predominantly present in education, healthcare, hospitality,...
Islamic Banking
Dec 08, 2020
We are happy to share that our member Islamic Corporation for the Development of the Private Sector’s (ICD) has established Finnovation Award to recognize, showcase and encourage financial institutions that provide an outstanding solution to the financial industry. Finnovation awards are a part of their new online platform “ Finnovation ” which...
Operational Risk
Dec 07, 2020
Our member Afreximbank has taken the lead in creating a platform for Customer Due Diligence (CDD)/Know Your Customer (KYC) issues, with a special emphasis on African financial institutions and corporates. The platform referred to as Mansa will provide a single source of primary data required for performing customer due diligence checks on...
Digital Financial Services
Dec 04, 2020
We’re delighted to share that our member Fern Software’s premier CRM and loans management system, FaaSBank is now used by over 50 community and SME lending organizations from coast to coast in Canada. FaaSBank was collaboratively designed with Community Futures Development Corporations (CDFDCs) in Ontario, Canada. User friendly and intuitive,...
Fintech
Dec 03, 2020
COVID-19 has immensely changed the way we work. With an increase in reliance over online communication and remote work, there has also been an increase in security and data threat issues. Therefore, to meet the needs of modern-day digital challenges, our member Fern Software has partnered with Salesforce, one of the largest cloud-based software...