MSME-Champions

Philippines Alternative Lending Business Report 2023: Market to Grow by 45.4% to Reach $488.8 Million in 2023 - Forecasts to 2027 - ResearchAndMarkets.com

Retrieved on: 
Wednesday, November 15, 2023
Data Analytics, Payments, Data Management, Professional Services, Technology, Sale, Tonik, Gen, Traction, Demography, Trust (social science), Ecosystem, Neobank, Salmon, UNO, Partnership, Growth, MSME-Champions, Generation Z, Filipino, Bank, Video game, Security (finance), Cryptocurrency

Alternative lending market in Philippines is expected to grow by 45.4% on annual basis to reach US$488.8 million in 2023.

Key Points: 
  • Alternative lending market in Philippines is expected to grow by 45.4% on annual basis to reach US$488.8 million in 2023.
  • Alternative lending adoption is expected to grow steadily over the forecast period, recording a CAGR of 36.2% during 2023-2027.
  • The alternative lending market in the country will increase from US$336.0 million in 2022 to reach US$1,680.4 million by 2027.
  • This report helps in navigating the nuanced relationships between payment instruments and lending models, offering a detailed breakdown of transaction dynamics.

Philippines Alternative Lending Business Analysis Report 2023-2027 - Digital Lenders are Forging Strategic Alliances with AI-powered Fintech Firms

Retrieved on: 
Tuesday, November 14, 2023
Sale, Tonik, Gen, Traction, Demography, Trust (social science), Ecosystem, Neobank, Salmon, UNO, Partnership, Growth, MSME-Champions, Generation Z, Filipino, Bank, Video game, Security (finance), Cryptocurrency

Alternative lending market in Philippines is expected to grow by 45.4% on annual basis to reach US$488.8 million in 2023.

Key Points: 
  • Alternative lending market in Philippines is expected to grow by 45.4% on annual basis to reach US$488.8 million in 2023.
  • The alternative lending market in the country will increase from US$336.0 million in 2022 to reach US$1,680.4 million by 2027.
  • To enable accurate credit risk profile assessment, including for the unbanked section of the community, digital lenders are forging strategic alliances with AI-powered fintech firms in the Philippines.
  • From the short to medium-term perspective, the publisher expects more such strategic collaborations in the alternative lending sector in the Philippines.

With market gain and profitability, Stone closed the third quarter with R$ 435 million adjusted net earnings

Retrieved on: 
Friday, November 10, 2023
EBITDA, Yoy, Tax, Stonecoal Creek, MSME, Financial services, Smurfit-Stone Container, R, Growth, TPV, MSME-Champions, EBT, Renewable energy, Bookkeeping

Adjusted EBT (earnings before taxes) was R$ 545 million, a 228% increase year-on-year, and 21.9% compared to the previous quarter.

Key Points: 
  • Adjusted EBT (earnings before taxes) was R$ 545 million, a 228% increase year-on-year, and 21.9% compared to the previous quarter.
  • The Banking platform reached 1.9 million customers, with a 244.2% annual increase, closing the quarter with R$ 4.5 billion in deposits, above 51.1% in the annual comparison.
  • Maintaining the trajectory of evolution and profitability, adjusted net earnings reached R$ 435 million, a 302% increase in the year, with an adjusted net margin of 13.9%, compared to 10.9% in 2Q23.
  • Adjusted net cash closed at R$ 4.9 billion, up 56.5% YoY and 12.3% in the quarter, with a R$ 530 million increase.

WeBank's distributed tech brand "Openhive" is unveiled in a recent BCG report

Retrieved on: 
Friday, November 3, 2023
Digital, WeBank, Boston Consulting Group, BCG, Finance Secretary (India), MSME-Champions, Dial, Maintenance, Cryptocurrency

The report recognizes WeBank's performance of delivering Openhive-based distributed digital banking services to ensure a secure, fast and exceptional digital customer experience for MSMEs (micro, small and medium-sized enterprises).

Key Points: 
  • The report recognizes WeBank's performance of delivering Openhive-based distributed digital banking services to ensure a secure, fast and exceptional digital customer experience for MSMEs (micro, small and medium-sized enterprises).
  • The report reveals how digital banking customers have direct access to manage their banking needs, usually accessible through mobile phones, instead of relying on a teller in traditional bank branches.
  • Starting from its inception, WeBank has adopted fully distributed technologies to build the first distributed core banking system in China.
  • Openhive enables them to build distributed core banking systems that could support sustainable inclusive finance to their longtail unbanked and underbanked market.

Credit Surges by 12.53%, BRI's Profit Soars to IDR 44.21 Trillion in 9 Months

Retrieved on: 
Wednesday, November 1, 2023
Foreign exchange market, Yoy, MSME, ESG, Edhi Sunarso, IDX, SME, Capital adequacy ratio, Multimedia, Growth, Risk management, BBRI, Loan, BRI, Supply chain management, MSME-Champions, Ultra, IDR, Bank, Financial services, Online shopping

(IDX: BBRI) grew by 9.93% to IDR 1,851.97 trillion, net profits increased by 12.47% to IDR 44.21 trillion, and credit disbursement rose by 12.53% to IDR 1,250.72 trillion in the first nine months of 2023.

Key Points: 
  • (IDX: BBRI) grew by 9.93% to IDR 1,851.97 trillion, net profits increased by 12.47% to IDR 44.21 trillion, and credit disbursement rose by 12.53% to IDR 1,250.72 trillion in the first nine months of 2023.
  • BRI's entire credit portfolio grew, with MSME loans up by 11.01% from IDR 935.86 trillion in Q3 2022 to IDR 1,038.90 trillion in Q3 2023, now accounting for 83.06% of the total credit.
  • Furthermore, the bank's commitment to ESG principles is shown by an 11.89% growth in ESG-related loans, totaling IDR 750.91 trillion, making up 66.1% of the credit portfolio.
  • Maintaining credit quality lowered Credit Cost to 2.44% in Q3 2023, with Non-Performing Loan Coverage at 228.65%.

Malaysia - Data Center Market size to grow by USD 2.90 billion between 2022 - 2027 | Growing demand among small and medium-sized enterprises (SMEs) drives market growth - Technavio

Retrieved on: 
Saturday, October 14, 2023
Cloud, Government, Key (company), SME, USD, Data management, Artificial intelligence, MSME-Champions, Growth, BFSI, Data analysis, Financial services, Retail, Information technology, Geography, Insurance, Data

The market is experiencing significant growth, primarily due to the increasing demand from small and medium-sized enterprises (SMEs).

Key Points: 
  • The market is experiencing significant growth, primarily due to the increasing demand from small and medium-sized enterprises (SMEs).
  • Buy full report here
    Optimizing server workloads stands as a significant challenge that impacts the data center market growth.
  • Read Free Sample PDF Report Now
    The data center market is segmented by End-user (BFSI, Cloud, E-commerce, Government, and Others), Type (Data center servers, Data center storage, Data center powering and cooling solutions, and Data center networking solutions), and Geography (APAC).
  • The Banking, Financial Services, and Insurance (BFSI) segment represent one of the most significant end-user groups in the Malaysian data center market.

SAS Hackathon winner predicts and mitigates Jakarta flooding

Retrieved on: 
Thursday, September 14, 2023
Workforce, Lead, Jawara, Internet of things, COVID-19, Java Sea, Government, SAS, Organization, Climate change, River, Machine learning, Commerce, Risk, MSME-Champions, Intel, City, Weather, AI, DC vs. Marvel, Wetland, Dam, Satellite navigation device, Risk management, Industrial design, Hackathon

LAS VEGAS, Sept. 14, 2023 /PRNewswire/ -- SAS EXPLORE -- AI and real-time Internet of Things (IoT) analytics can help smart cities harness a rising tide of data and transform it into better decisions, safer communities and vibrant economies. With climate change, these smart cities face a literal rising tide: Extreme weather has increased and intensified flooding events that threaten lives, property and commerce.

Key Points: 
  • JaWaRA used SAS Viya to analyze data on rainfall, water levels and river flow to better predict and mitigate flooding.
  • Working with a SAS mentor, JaWaRA deployed SAS® Viya® – SAS' cloud-native, massively parallel AI and analytics platform – and SAS Analytics for IoT .
  • At last year's SAS Hackathon, a team of data scientists from the Special Capital Region of Jakarta and StarCore also won the overall crown.
  • The efforts of the Jakarta Provincial Government in the SAS Hackathon are part of a broad smart city effort.

Transforming Mexico's Supply Chain: Unlocking Solutions to the Cash Flow Crunch for Micro, Small and Medium Enterprises

Retrieved on: 
Tuesday, July 18, 2023
MEXICO, Employment, Face, MSME, McKinsey & Company, Grupo Posadas, Gross domestic product, GDP, MSME-Champions, Growth, System, Drug, Bank, Sales, C2FO, Mexican

MEXICO CITY, July 18, 2023 /PRNewswire/ -- C2FO, the world's on-demand working capital platform, today announced its further expansion into Mexico with the creation of a Mexican subsidiary. This move bolsters C2FO's global presence and reinforces its commitment to empowering all businesses with fast, flexible and equitable access to working capital. C2FO's growth across the Mexican market also unlocks fresh opportunities for new and current enterprise customers and their suppliers.

Key Points: 
  • Established relationships with three major enterprises, including Walmart México, already offer local suppliers access to C2FO's working capital solutions.
  • But millions more micro, small and medium enterprises (MSMEs) need easier access to fast, flexible and equitable working capital — something that could transform the Mexican economy.
  • C2FO's dynamic working capital platform is a game-changer for enterprises looking to solve the working capital crunch for their business and their supply chain.
  • Learn more about C2FO's suite of working capital solutions for businesses, its global network, and its worldwide impact by visiting C2FO.com .

South Korea projected to sell over 3 Million Digital Locks by 2027: Ken Research

Retrieved on: 
Tuesday, July 11, 2023
Cloud, ECC, Component, Crime, Big data, Internet of things, CNY, Software, CCTV, Government, Security, SAMA, AUD, MSME-Champions, Terror, Hardware, Growth, Hand, NIST Cybersecurity Framework, NEOM, Medium, Network equipment provider, Arms industry, Cryptocurrency

The quantity of personal information and transaction data that all Chinese firms have on hand is growing.

Key Points: 
  • The quantity of personal information and transaction data that all Chinese firms have on hand is growing.
  • Sensitive data is frequently exposed due to organizational system weaknesses, making these firms the prime targets of cyberattacks.
  • Thus, these devices could be prime targets for hackers to obtain usernames and passwords and access other confidential information.
  • Philippines' electronic security market is expected to witness phenomenal growth across all industry verticals driven by the growing awareness among the domestic population.

South Korea projected to sell over 3 Million Digital Locks by 2027: Ken Research

Retrieved on: 
Tuesday, July 11, 2023
Cloud, ECC, Component, Crime, Big data, Internet of things, CNY, Software, CCTV, Government, Security, SAMA, AUD, MSME-Champions, Terror, Hardware, Growth, Hand, NIST Cybersecurity Framework, NEOM, Medium, Network equipment provider, Arms industry, Cryptocurrency

The quantity of personal information and transaction data that all Chinese firms have on hand is growing.

Key Points: 
  • The quantity of personal information and transaction data that all Chinese firms have on hand is growing.
  • Sensitive data is frequently exposed due to organizational system weaknesses, making these firms the prime targets of cyberattacks.
  • Thus, these devices could be prime targets for hackers to obtain usernames and passwords and access other confidential information.
  • Philippines' electronic security market is expected to witness phenomenal growth across all industry verticals driven by the growing awareness among the domestic population.