Lending

ADVANCE.AI Ties up With Visa to Enhance Its Credit Decisioning Services

ADVANCE.AI, a Singapore-based artificial intelligence (AI) and big data company, is partnering with Visa to enhance its credit decisioning for the unbanked and underbanked segments across Southeast Asia. The strategic data partnership will see ADVANCE.AI integrate Visa’s Cardholder Transaction Score

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Akulaku’s BNPL Solution Now Among Payment Methods Supported by Alipay+

Alipay+, a suite of global cross-border digital payments and marketing solutions, has included Indonesian fintech Akulaku’s Buy Now Pay Later (BNPL) solution among its supported digital payment methods. This partnership will allow Indonesian consumers to use the Akulaku PayLater solution

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Vietnam’s Be Group Secures US$60 Million Loan Facility From Deutsche Bank

Vietnamese ride-hailing startup Be Group announced that it has secured a loan facility of approximately US$60 million from Deutsche Bank with the option to increase the financing up to US$100 million. Be Group said that it will use the funds to

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Why Disconnected Data Sources Mean Lenders Are Missing the Big Picture

Traditionally, core banking systems have been regarded as a lender’s main database. While many banks rely on this core banking database, they also administer a range of other databases covering other aspects of the business. These independent data sources are

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RABC Group Raises US$6.7 Million in Series A Led by Japan’s SBI Group

RABC Group, a Singapore-headquartered fintech firm with subsidiaries in China and Japan, announced the successful raise of US$6.7 million in Series A funding round led by Japan’s SBI Group. Other investors that participated in the fundraise include Sumitomo Mitsui Banking

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SME Lender Validus and Citi Set Up US$100 Million Securitisation Facility

Southeast Asian SME growth financing platform Validus and Citibank announced the establishment of a US$100 million securitisation facility. This will be collateralised by SME loans originated by Validus in Singapore. In March this year, Validus announced that it had inked

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Funding Societies Lands US$50 Million Credit Facility From HSBC

Funding Societies, a Southeast Asian Small and Medium Enterprises (SME) digital financing platform, announced that it has received a US$50 million credit facility from HSBC Singapore. Through this new facility, Funding Societies will be able to channel the funds via

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Atome Financial Secures US$100 Million Debt Facility From HSBC Singapore

Atome Financial announced that it has entered into an US$100 million debt facility with HSBC Singapore to fuel its flexible deferred payments business across Asia. The fintech company is an umbrella business unit made up of two brands; buy now

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Vietnamese Earned Wage Access Startup Nano Raises US$6.4 Million

Nano, Vietnam’s Earned Wage Access (EWA) provider, announced that it has raised US$6.4 million in an oversubscribed pre-Series A funding round led by Openspace, the early backer of Gojek, Kumu and Finhay. New investors that participated include Partech Partners, Tekton

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How Are Asia’s Leading Lenders Leveraging Artificial Intelligence?

In Asia Pacific (APAC), artificial intelligence (AI) and machine learning (ML) are increasingly being deployed in credit and risk functions for improved credit assessment, credit scoring and fraud detection. Moving forward, AI will no longer be an option for banks

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