article thumbnail

Rethinking The SME Loan Underwriting Model In Southeast Asia

PYMNTS

Traditional banks will require credit histories and collateral to underwrite a small business loan, both of which many SMBs in Southeast Asian nations lack. The report added that for banks, the costs of gathering that data remains significantly high, with the volume of available information remaining low.

article thumbnail

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

The Fintech Times

This collaboration with CredibleX helps the credit-as-a-service platform make more informed lending decisions, reduce underwriting time, and enhance risk management. ”We are proud to collaborate with Al Etihad Payments to facilitate access to financial services and empower more people to reap the benefits of the digital economy.”

Visa 75
Insiders

Sign Up for our Newsletter

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

article thumbnail

5 Key Trends Shaping Fintech in India, According to PwC

Fintech News

Technology firm Microsoft is working with Axis Bank and Aditya Birla Capital, among others, to deploy processes using genAI to transform contact centers, boost sales and overhaul claims and underwriting processes. The book size of digital lenders in India is projected to grow from US$38.2

article thumbnail

From open banking to open finance and beyond: The future of financial data-sharing

The Payments Association

Carlos Albo Wenalyze The evolution of open banking to open finance Open finance is fundamentally restructuring the financial services landscapeexpanding data-sharing from payments into credit, investments, insurance, and pensions.

Finance 88
article thumbnail

Fostering Payments Trust In A Global Freelance Economy

PYMNTS

Many financial institutions still struggle to underwrite loans for these sorts of borrowers as they may not fully understand the business model. This opens up an opportunity for freelance marketplaces and partners to introduce value-added services to help these workers get the funds they need to grow their business.

Economy 109
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

These firms also need to be connected to value-added services, such as affordable logistics service providers, access to a qualified workforce, automated payroll and taxation services. However, offering SMBs a digital platform to connect with other business buyers and sellers is only one piece of the puzzle.