Remove Small Business Remove Underwriting Remove Value Added Service
article thumbnail

Mastercard Forges Three Partnerships in the UAE With LikeCard, CredibleX and Al Etihad Payments

The Fintech Times

Ammar Alsoos , CEO of LikeCard, also added: “Our collaboration with Mastercard brings an AI-driven family banking experience to the region, empowering families with financial literacy tools while enhancing security and convenience.” Khalil , division president, East Arabia, at Mastercard.”We

Visa 75
article thumbnail

Rethinking The SME Loan Underwriting Model In Southeast Asia

PYMNTS

The small business credit gap is a global issue, a problem that banks and FinTechs continue to hack away at, yet one that remains stubbornly persistent. In markets like Southeast Asia, high rates of credit-invisible, underbanked small businesses make filling the small business credit gap an even more difficult challenge.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Open Banking Expands Its Horizons For Small Business Finserv

PYMNTS

Accounting platforms are increasingly positioning themselves at the center of the small business ecosystem,” he said, adding that this evolution “makes a lot of sense” with many companies considering the accounting portal the “single source of truth” for company finances. feel like a second job.”.

article thumbnail

Why Australia’s Banking System Helps — And Hurts — SMB Card Adoption

PYMNTS

Oliver Kidd, chief executive officer at commercial card FinTech Archa , recently told PYMNTS that outdated application processes are a major turnoff for small businesses seeking credit and payments capabilities in the form of a corporate card, with significant negative consequences. ” Legacy Processes. ” Legacy Processes.

article thumbnail

Grab: How Alt Data Is Closing Southeast Asia’s $175B SMB Credit Gap

PYMNTS

It’s no accident that technology companies that have historically not operated in the financial services space are expanding into the small business lending arena. Banks, relying on thin credit histories of small business borrowers, haven’t been able to meet that need. The Data Of Repayment Habits.

article thumbnail

Network International Leverages Biz2X to Unlock New Sources of Capital for SME Merchants

The Fintech Times

By leveraging payment transaction data and providing loan underwriters with real-time credit data, Network International hopes to enable its SME merchants to access new sources of capital. The combination of our payments data with Biz2X’s digital underwriting prowess is a clear advantage to lenders and merchants alike.”

article thumbnail

How FinTech Tackles Financial Inclusion For India’s SMBs

PYMNTS

According to Mittal, there are three main factors that small businesses in India need to succeed: a “strong network, access to finance and simplified business support functions.” However, offering SMBs a digital platform to connect with other business buyers and sellers is only one piece of the puzzle.