SFF 2022 | Regulators Coffee Chat – The Need for New Credit Models for Lending to SMEs
3 Nov, 02:10PM at the Knowledge Plenary, SFF
While businesses are often assessed by their ability to pay, MSMEs/SMEs in emerging markets often require a different approach to assessing their financing ability. This panel explores how alternative credit models and the use of intent to pay would be better placed to assess and extent credit to SMEs.
– How can regulators leapfrog current support and lending to MSMEs/SMES, thereby driving widespread financial inclusion?
– To kickstart the change, Regulators need to look at a new and innovative set of credit models to address 3 key issues:
– Insufficient data on MSMEs and SMEs, especially in emerging markets
– Financial Institutions’ requirement for central bank’s support in utilising alternative data and models in assessing SME credit
– Safe data use and fluidity in data residency via these innovative SME credit models
Bernadette Puyat, Deputy Governor, Bangko Sentral ng Pilipinas
Dr Mihály Patai, Deputy Governor, The Central Bank of Hungary
Kwame Oppong, Director of FinTech and Innovation, Bank of Ghana,
Jo Ann Barefoot, Co-founder & CEO, Alliance for Innovative Regulation
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