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b'Digital technology is essential to better financial services for small businesses \\n\\nBetter financial services are needed by micro, small, and medium-sized enterprises (MSMEs), such as secured transaction frameworks, credit information systems, and insolvency regimes. \\n\\nAmong the 21 Asia-Pacific Economic Cooperation (APEC) forum economies, MSMEs represent more than 60% of total employment, 40% of gross domestic product, and 15% of total exports, but some 40% of their financial needs go unserved, mainly because they are too small to get banks\\u2019 attention. Shawn Hunter, David Dole, and Valdimir dela Cruz explain.\\n\\nRead the transcript\\nhttps://bit.ly/2V1WGGz\\n\\nRead the policy brief\\nhttps://www.adb.org/publications/financial-inclusion-digital-age\\n\\nAbout the authors\\nShawn Hunter is manager of Inclusive Finance at the Foundation for Development Cooperation.\\nValdimir dela Cruz was an associate at the Asian Development Bank Institute (ADBI) at the time the paper was written.\\nDavid Dole is senior economist at ADBI.\\n\\nKnow more about ADBI\\u2019s work\\nhttps://bit.ly/2GJxL7B\\nhttps://bit.ly/2QH3ACy'