A poll of Australian small businesses shows that almost half (46%) introduced new funding options in 2020 to deal with the pandemic and its aftermath. ScotPac’s SME Growth Index is Australia’s longest-running in-depth research on small business growth prospects, with 1253 small business owners polled this round. ScotPac CEO Jon Sutton said the research provides […]
Temenos (SIX: TEMN), the banking software company, today announced that Barko Financial Services (BFS), a leading microfinance institution in South Africa, has gone live on Temenos Software-as-a-Service to make it faster and easier for South Africans to access finance remotely during Covid-19. The Temenos solution combines Temenos Infinity digital banking platform and Temenos Transact next-generation […]
The provisional data collated by the EU Federation for the factoring and commercial finance industry (EUF) shows that in 2020 factoring and commercial finance volumes in the EU decrease of 5.6% in factoring turnover. It is the first time in 11 years. Total factoring turnover in the EU reached €1.78tr comparing to €1.91tr in 2019. […]
Nearly two-thirds of Indian small businesses experienced growth in 2020 through technology investment and adoption. They maintain a confidant outlook despite the impact of Covid-19, according to CPA Australia’s 2020-21 Asia-Pacific Small Business Survey. The survey canvassed 4,227 small businesses in 11 markets across the Asia-Pacific region, including Australia, Mainland China, Singapore and Vietnam. 512 […]
The first estimates for the factoring industry worldwide in 2020 have been announced today by the FCI secretary general. The global figure gives a significant indication that the industry had a very challenging year, in line with the havoc that the 2020 pandemic created globally, all countries impacted differently based on their own specific measures […]
The joint state aid programme of the German federal government and German trade credit insurers, set up to stabilize supply chains during the pandemic, will come to its planned end on June 30, 2021. Based on all parties analysis of the current market situation, an extension is not necessary, especially since the expiration of the “protective shield” will be […]
Cautious optimism in the six-month revenue forecasts of Australia’s small business sector highlights SME resilience – although the recovery is still uneven and varies significantly by state and sector. ScotPac’s SME Growth Index is Australia’s longest-running in-depth research on small business growth prospects. The Index results for the first half of 2021 show almost half […]
Small businesses in the Philippines significantly increased their use of online payment technologies and sales in 2020. However, difficulty accessing external finance may hamper their growth prospects in 2021, according to CPA Australia’s 2020-21 Asia-Pacific Small Business Survey. The survey canvassed 4,227 small businesses in 11 markets across the Asia-Pacific region, including Australia, Mainland China, […]
The small business sector in Mainland China is showing strong signs of confidence. 64% of small businesses expect their revenue to grow and 42% expect to increase their employee numbers in 2021. These results are part of CPA Australia’s 2020-21 Asia-Pacific Small Business Survey, published today. The survey canvasses the views of 4,227 small businesses […]
The China-Australia bilateral relationship deteriorated sharply over 2020, with China imposing both formal and informal trade restrictions on a number of Australian exports, including coal, barley, beef, wine, cotton among others. However, Coface expects that Australia’s GDP to be back to 2019 level as soon as this year. But there are growing concerns that an […]
