Digital Innovation Can Improve Financial Access for SMEs

         
Author Name Naoko Nemoto and Miriam Koreen
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Abstract

This Policy Brief summarizes the small and medium-sized enterprise (SME) credit and equity gap and proposes ways emerging technologies and innovative business models can improve SMEs’ access to financial services and boost long-term economic growth. The measures described are intended to: (1) improve traditional lending using new technology and big data; (2) broaden funding tools, including capital market finance; (3) enhance the consultation function of financial institutions; and (4) design an appropriate regulatory environment for fintech.

*This is an official T20 Japan Policy Brief.

This paper first appeared on the T20 Japan official website. Reproduced with permission.