UnaFinancial’s Post

Access Bank, a key subsidiary of Access Holdings, led by Nigerian banker Aigboje Aig-Imoukhuede has expanded its global footprint with the launch of its first fully owned subsidiary in Malta, through its UK branch. This move marks a significant milestone in the bank's international expansion strategy. Access Bank's decision to establish a presence in Malta signals its broader push into key global markets, following the recent opening of its Hong Kong branch. This expansion aligns with Access Holdings' strategy to drive global trade, financial integration, and support businesses operating across continents. The subsidiary, licensed by both the European Central Bank and the Malta Financial Services Authority, will enhance trade connectivity between Europe and Africa. Roosevelt Ogbonna, CEO of Access Bank Plc, emphasized the bank's role as a bridge between European and North African economies, aiming to become Africa's Gateway to the World and enhance support for cross-border trade and investment. Jamie Simmonds, CEO of The Access Bank UK, highlighted Europe as Africa's top trading partner, supported by agreements like the EU-Africa Economic Partnership and AfCFTA. The Access Bank Malta is positioned to enhance trade and address clients' banking needs in these growing markets. Renald Theuma, CEO of The Access Bank Malta Limited, emphasized Malta's strategic position as a bridge between Europe and Africa, facilitating customer engagement in Europe and fostering growth across both continents. Access Bank, founded in 1988, boasts an extensive network of over 700 branches and serves a customer base exceeding 60 million across 22 markets, including sub-Saharan Africa, the UK, and Dubai. With a significant presence in Nigeria and representative offices in China, Lebanon, and India, the bank, under Aigboje Aig-Imoukhuede's leadership, continues its aggressive expansion, recently securing regulatory approval for the acquisition of the National Bank of Kenya, solidifying its footprint in Africa and beyond.

In an interview, Salmon co-founder Raffy Montemayor talks about the Philippines' unique advantages and what makes it an attractive place to start a fintech company. 🌊 The Philippines is a blue ocean for consumer finance products and services. It has had the lowest GDP to lending ratio in Southeast Asia, and there is a huge untapped market for lending, with even the most conservative forecasts projecting that the country's small lending market will at least double by 2028. 🏘️ The population is expected to continue growing, fueling the demand for financial products and services. The country's growing population and economy is expected to drive the demand for financial products and services that better address the needs of the working population. 🏦 The industry is ripe for disruption. There's an opportunity to address the needs of Filipinos--especially when it comes to lending--and build products and services that address inefficiencies so more Filipinos can save and get access to credit more easily. Read more here: https://lnkd.in/grBiqZjs

𝗚𝗹𝗼𝗯𝗮𝗹 𝐏𝐞𝐞𝐫 𝐭𝐨 𝐏𝐞𝐞𝐫 (𝐏𝟐𝐏) 𝐋𝐞𝐧𝐝𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 (𝟐𝟎𝟐𝟒-𝟐𝟎𝟑𝟐) The global peer to peer (P2P) lending market size reached US$ 188.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,223.0 Billion by 2032, exhibiting a growth rate (CAGR) of 22.4% during 2024-2032. The market is experiencing steady growth driven by the increasing digitization of financial services, which enhances user accessibility and convenience, the rising shift in consumer behavior favoring personalized financial solutions, and the growing acceptance of alternative financing among both individual and business borrowers. 𝐆𝐫𝐚𝐛 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅: https://lnkd.in/gJX4xFxf 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬: ● 𝐁𝐫𝐞𝐚𝐤𝐢𝐧𝐠 𝐃𝐨𝐰𝐧 𝐁𝐨𝐫𝐝𝐞𝐫𝐬, 𝐁𝐮𝐢𝐥𝐝𝐢𝐧𝐠 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲: The rise of cross-border P2P lending platforms connects borrowers and lenders globally. This expands opportunities for investors seeking portfolio diversification and unlocks financing options for borrowers in credit-constrained regions. ● 𝐓𝐞𝐜𝐡 & 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐢𝐨𝐧 𝐁𝐫𝐢𝐝𝐠𝐞 𝐭𝐡𝐞 𝐆𝐚𝐩: Advancements in payment technologies and progress in regulatory harmonization ease complexities in cross-border transactions. This mitigates challenges like currency exchange, compliance, and risk assessment, fostering a more secure environment for international P2P lending. ● 𝐀 𝐌𝐨𝐫𝐞 𝐈𝐧𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐄𝐜𝐨𝐬𝐲𝐬𝐭𝐞𝐦: The growth of cross-border P2P lending fosters a more inclusive global financial landscape. By broadening access to capital for borrowers and offering diversification options for investors, it strengthens the reach and impact of P2P lending on a worldwide scale. 𝐓𝐨𝐩 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐒𝐡𝐚𝐩𝐢𝐧𝐠 𝐭𝐡𝐞 𝐆𝐥𝐨𝐛𝐚𝐥 𝐏𝐞𝐞𝐫 𝐭𝐨 𝐏𝐞𝐞𝐫 (𝐏𝟐𝐏) 𝐋𝐞𝐧𝐝𝐢𝐧𝐠 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲: Avant CommonBond Communities Funding Circle UK LendingClub Corporation LendingTree. (InterActiveCorp and Tree.com Inc.) ON DECK CAPITAL UK LTD Prosper Marketplace RETAIL MONEY MARKET LTD Social Finance Upstart Network Trust Zopa Bank 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐭𝐡𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭: https://lnkd.in/gndqw7Bk #marketresearch #business #marketanalysis #markettrends #researchreport #marketreport #marketforecast #marketgrowth #businessinsights #industryanalysis #marketoutlook #growthprojections #marketstatistics #competitiveanalysis #trendanalysis #marketinsights #imarcgroup

Want to know more about SME Lending business, please read the below blog 👇

This week in banking news – ASEAN surpasses China in FDI for the first time in a decade, BofA and DBS appoint new Asia leads, and CFOs look to profit from volatility in key currency pairs Southeast Asia has overtaken China in foreign direct investment (FDI) for the first time in a decade, as businesses accelerate their shift towards "China +1" supply chains. This strategic pivot is being driven by Mainland China businesses with East & Partners research showing over 70% of Mainland based top-100 enterprises have either already shifted their supply chain or are planning to do so by April 2025 into new markets. The implications of this on banking relationships are manyfold including an increased demand for regional banking services and strong local banking relationships, enhanced focus on Trade Finance and Supply Chain solutions, shifts in investment and capital flows, heightened risk management needs, increased focus on compliance and regulatory issues and the need for efficient, scalable banking services across multiple countries driving the expansion of digital banking and fintech solutions. In other banking news: Global - CFOs capitalise on volatility by leveraging spot vs forward FX rates amid rising interest rate differentials. Australia - Australian export surplus halved in June 2024, down to A$5.59 billion from A$9.87 billion in June 2023. - Improved transparency has cut international transfer costs for Australians, yet A$200 million in potential savings are still being missed. - Over 70% of Australian SMEs stick with brokers and advisers who offer actionable business advice. United Kingdom - Finastra partners with CredAble to enhance supply chain finance offerings. - Monzo hits 10 million personal customers and nearly half a million business customers. Singapore - BofA appoints new APAC Head of Global Payment Solutions, bringing back former BNY Mellon Singapore CEO. - DBS names new CEO to succeed Piyush Gupta, who plans to retire next year. #bankingnews #marketintelligence #financialservices #globaltrends Want to start your week with the intelligence behind leading decision-makers? Subscribe to East’s banking news in the comments below

Banks, financial institutions and fintechs in Middle east Asia are increasingly seeing growing demand for credit among SMEs. Durgaprasad S.' blog explores the key factors that financial institutions need to consider for effectively meeting the diverse, sometimes complex needs of SMEs. https://lnkd.in/gCWwhyjW #fintech #SME #finserv #SMEFinance

𝗚𝗹𝗼𝗯𝗮𝗹 𝐏𝐞𝐞𝐫 𝐭𝐨 𝐏𝐞𝐞𝐫 (𝐏𝟐𝐏) 𝐋𝐞𝐧𝐝𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 (𝟐𝟎𝟐𝟒-𝟐𝟎𝟑𝟐) The global peer to peer (P2P) lending market size reached US$ 188.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,223.0 Billion by 2032, exhibiting a growth rate (CAGR) of 22.4% during 2024-2032. The market is experiencing steady growth driven by the increasing digitization of financial services, which enhances user accessibility and convenience, the rising shift in consumer behavior favoring personalized financial solutions, and the growing acceptance of alternative financing among both individual and business borrowers. 𝐆𝐫𝐚𝐛 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅: https://lnkd.in/gJX4xFxf 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬: ● 𝐁𝐫𝐞𝐚𝐤𝐢𝐧𝐠 𝐃𝐨𝐰𝐧 𝐁𝐨𝐫𝐝𝐞𝐫𝐬, 𝐁𝐮𝐢𝐥𝐝𝐢𝐧𝐠 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲: The rise of cross-border P2P lending platforms connects borrowers and lenders globally. This expands opportunities for investors seeking portfolio diversification and unlocks financing options for borrowers in credit-constrained regions. ● 𝐓𝐞𝐜𝐡 & 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐢𝐨𝐧 𝐁𝐫𝐢𝐝𝐠𝐞 𝐭𝐡𝐞 𝐆𝐚𝐩: Advancements in payment technologies and progress in regulatory harmonization ease complexities in cross-border transactions. This mitigates challenges like currency exchange, compliance, and risk assessment, fostering a more secure environment for international P2P lending. ● 𝐀 𝐌𝐨𝐫𝐞 𝐈𝐧𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐄𝐜𝐨𝐬𝐲𝐬𝐭𝐞𝐦: The growth of cross-border P2P lending fosters a more inclusive global financial landscape. By broadening access to capital for borrowers and offering diversification options for investors, it strengthens the reach and impact of P2P lending on a worldwide scale. 𝐓𝐨𝐩 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐒𝐡𝐚𝐩𝐢𝐧𝐠 𝐭𝐡𝐞 𝐆𝐥𝐨𝐛𝐚𝐥 𝐏𝐞𝐞𝐫 𝐭𝐨 𝐏𝐞𝐞𝐫 (𝐏𝟐𝐏) 𝐋𝐞𝐧𝐝𝐢𝐧𝐠 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲: Avant CommonBond Communities Funding Circle UK LendingClub LendingTree Inc. (InterActiveCorp and Tree.com Inc.) ON DECK CAPITAL UK LTD Prosper Marketplace RETAIL MONEY MARKET LTD Social Finance Upstart Network Trust Zopa Bank 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐭𝐡𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭: https://lnkd.in/gndqw7Bk #marketresearch #business #marketanalysis #markettrends #researchreport #marketreport #marketforecast #marketgrowth #businessinsights #industryanalysis #marketoutlook #growthprojections #marketstatistics #competitiveanalysis #trendanalysis #marketinsights #imarcgroup

Standard Bank trusts in Oshana region’s potential: Standard Bank is confident in the Oshana region’s economic growth potential. This is one of the conclusions to come out of a business and trade breakfast the bank hosted in the region last Friday which was attended by local business leaders, government officials and industry experts. Speaking about the bank’s mission to drive Namibia’s growth, Rejoice Itembu, the acting head of business and commercial banking at Standard Bank said: “Our solutions are designed to address the unique needs of businesses across various sectors, helping them grow, scale and contribute to Namibia’s prosperity.” “As your trusted partner, we are positioning ourselves to support your growth in meaningful ways,” Itembu said, addressing local business owners. “We understand that your success doesn’t just benefit you; it empowers communities, creates jobs and strengthens our economy”, Itembu said. This sentiment was echoed by Hofeni Mutota, chairperson of the management committee of the Oshakati Town Council, who spoke on behalf of Oshana region governor Elia Irimari. Mutota stressed the region’s favourable business environment and the importance of public-private collaboration for inclusive economic growth and job creation. “By actively engaging in regional projects, local businesses can seize these opportunities, create jobs and contribute to sustainable development,” Mutota said. He also commended the bank’s efforts to connect businesses in the region with growth opportunities, providing essential financial support and fostering innovation. Emilia Uupindi, the bank’s trade manager, highlighted how the bank connects Namibian businesses with new suppliers and markets. “We support business growth by offering guarantees, expert advice on letters of credit and leveraging our strategic partnership with the Industrial and Commercial Bank of China,” she said during a panel discussion. The Oshana region hosts a large number of businesses for its relatively small size, with tourism and agriculture being the most important sectors. The post Standard Bank trusts in Oshana region’s potential appeared first on The Namibian.

🏦 Thinking of opening a business in Hong Kong? 🇭🇰 Don't forget about your corporate bank account! 💰 Here's a quick guide to help you navigate the process: https://buff.ly/32Huejl #HongKongBusiness #BusinessBankAccount #StartupTips #HongKong #Entrepreneurship #Banking #Finance #BusinessSetup

973 current and former entrepreneurs were surveyed in nine markets (France, Hong Kong, India, mainland China, Singapore, Switzerland, the UAE, the UK and the US.) Kindly find few of the highlights of the report -HSBC has a dominant commercial bank, a strong retail franchise, and of course, the life insurance as well as the asset management business. -The scale and breadth of our capabilities enable HSBC to offer a comprehensive one-stop banking experience for our clients -Beyond geographical diversification, many are also exploring other asset classes to meet their investment objectives. HSBC has also seen a rise in interest in family offices, as clients want increased flexibility, oversight, and control over their wealth -We not only advise them on investments, but in the very early stage, also give them advice on how to structure a family office,” As We have a dedicated team called family office advisory that supports clients in this situation.” #HSBC #WPBINDIA HSBC Wealth and Personal Banking #openingupaworldofopportunity