How to help the small business sector access the $5.2tn it needs to thrive. Across the world, micro, small and medium-sized enterprises (MSMEs) are vital engines of economic growth and job creation. According to the World Bank, MSMEs make up 90% of businesses and account for more than 50% of employment worldwide. In Dubai, MSMEs employ around 52% of the overall workforce and generate 50% of the Emirate’s GDP. Going forward, it is estimated that around 600 million new jobs will be needed across the world between now and 2030 to absorb a rapidly growing workforce. In emerging markets, MSMEs…
Author: Wissam Khoury, Finastra
Author
Wissam Khoury, Finastra
Wissam Khoury is Finastra's Head of International. Finastra is building an open platform that accelerates collaboration and innovation in financial services, creating better experiences for people, businesses and communities. Supported by the broadest and deepest portfolio of financial services software, Finastra delivers this vitally important technology to financial institutions of all sizes across the globe, including 90 of the world’s top 100 banks. Our open architecture approach brings together a number of partners and innovators. Together we are leading the way in which applications are written, deployed and consumed in financial services to evolve with the changing needs of customers. Learn more at finastra.com.