Search Results for: SMEs
Fintech in the Middle East and North Africa is booming
April 20th, 2017
Fintech startups in the Middle East and North Africa have raised $100-million over the last decade, yet 28% fail in their initial years, says a new report by business support organisation Wamda and online payment gateway Payfort. Released last ...
Accountants in small and midsize practices around the world face staffing and tech challenges
March 20th, 2017
Accountants working in small- and medium-sized practices (SMPs) around the world are facing heightened staffing challenges, according to the latest IFAC Global SMP Survey results. While attracting new clients, keeping up with new regulations/standards, and pressure to lower fees ...
More than a third of law firms in England and Wales owned by women
March 13th, 2017
Equality in the solicitor profession is moving closer with more than a third of law firms in England and Wales now estimated to be majority-owned by women, the Law Society of England and Wales said to mark this year’s ...
Gulf countries companies may face challenges on VAT implepmentation
March 13th, 2017
GCC corporates could face multiple VAT challenges in the short-run The plan to introduce value-added tax in GCC states could create operational risks for companies and put pressure on Ebitda [earnings before income tax, depreciation and amortisation} and cash ...
How digital is your country? The performance of the European countries
March 6th, 2017
The 2017 Digital Economy and Society Index (DESI) shows that the EU is making progress but the gap between top digital players and lower-performing countries is still too wide. More efforts and investments are needed to make the most ...
First Global Fintech Fund for the Underserved
March 6th, 2017
The Accion Frontier Inclusion Fund, managed by Quona Capital, invests in companies that innovate to expand access to financial services to underserved consumers and businesses in emerging markets Three billion people around the world are underserved by the financial ...
NatWest Takes on with FinTech Firms by Launching Digital Lending Platform
February 20th, 2017
In a bid to respond to competition from FinTech firms U.K.-based NatWest Bank has announced that it is launching a digital lending platform that promises fast loan decisions to compete with services that peer-to-peer firms provide. In a report ...
MAS announced changes to Finance Companies Regulations
February 14th, 2017
The Monetary Authority of Singapore (MAS) announced today regulatory changes to strengthen the resilience of finance companies and enhance their ability to provide financing to small and medium sized enterprises (SMEs). Relaxation of business restrictions with enhanced prudential standards ...
Dutch Bank and FinTech firm develop Robo-Accountant
February 13th, 2017
ABN Amro has teamed up with InvoiceSharing to launch a new solution for SMEs. The system is based around giving users 25/7 insight into their accounts and allowing them to assess their capital needs in advance. SMEs with an ...
7 Major European Banks Form Blockchain Platform ‘Digital Trade Chain’
January 16th, 2017
A group of seven large European banks has signed a memorandum of understanding (MoU) to develop a blockchain-powered cross-border trade finance platform for small and medium-sized companies in Europe. The participating banks are UK-based banking giant HSBC, Dutch institution ...
