Publication:
Fintech and SME Finance: Expanding Responsible Access

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dc.contributor.authorWorld Bank
dc.contributor.authorInternational Finance Corporation
dc.date.accessioned2022-04-29T14:41:21Z
dc.date.available2022-04-29T14:41:21Z
dc.date.issued2022
dc.description.abstractThis technical note is structured in the following manner. Section two provides an overview of the main barriers and frictions that SMEs face to access finance. Section three explores how digitization is an enabler for SME finance and how different fintech solutions address these barriers. The fintech solutions analyzed include digital credit, asset-based lending, and equity products. Also examined are innovative products such as digital payments, credit risk assessment using alternative data, tokenized assets, and electronic invoicing. Market enablers such as e-commerce and open banking, and the digitization of business processes, which contribute to addressing the barriers and frictions to SME access to finance, are also highlighted. Section four analyzes how the providers of these fintech solutions for SMEs impact traditional banks, financial institutions, and implications on the financial market structure. This section also discusses the effects of the COVID-19 pandemic on the use of digital financial products for SMEs. Section five then addresses some of the key risks and challenges involved in the adoption of digital financial products and key market enablers. Finally, section six presents policy and regulatory recommendations to address the different challenges.en
dc.identifierhttp://documents.worldbank.org/curated/en/099735004212257410/P17300606103440d8083ca064c26ca7f8dc
dc.identifier.doi10.1596/37355
dc.identifier.urihttps://hdl.handle.net/10986/37355
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectSME ACCESS TO FINANCE
dc.subjectFINTECH DIGITAL CREDIT
dc.subjectFINTECH ASSET-BASED LENDING
dc.subjectFINTECH EQUITY PRODUCTS
dc.subjectTOKENIZED ASSETS
dc.subjectCOVID-19 AND DIGITAL FINANCE
dc.subjectSMALL AND MEDIUM ENTERPRISE
dc.subjectDIGITAL FINANCE
dc.subjectFINTECH REGULATORY RECOMMENDATIONS
dc.titleFintech and SME Financeen
dc.title.alternativeFintech and the Future of Finance Flagship Technical Noteen
dc.title.subtitleExpanding Responsible Accessen
dc.typeTechnical Note
dspace.entity.typePublication
okr.crossref.titleFintech and SME FinanceFintech and the Future of Finance Flagship Technical Note
okr.date.disclosure2022-04-22
okr.date.doiregistration2025-05-07T12:04:01.256971Z
okr.date.lastmodified2022-04-21T00:00:00Zen
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099735004212257410/P17300606103440d8083ca064c26ca7f8dc
okr.guid099735004212257410
okr.identifier.externaldocumentum33792090
okr.identifier.internaldocumentum33792090
okr.identifier.report170798
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099735004212257410/pdf/P17300606103440d8083ca064c26ca7f8dc.pdfen
okr.topicFinance and Financial Sector Development::Financial Regulation & Supervision
okr.topicFinance and Financial Sector Development::Securities Markets Policy & Regulation
okr.topicPrivate Sector Development::Legal Regulation and Business Environment
okr.topicRural Development::Rural Microfinance and SMEs
okr.topicInformation and Communication Technologies::Digital Divide
okr.unitEFI-FCI-Finance-GD (EFNDR)
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