Lending
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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Razer Merchant Services Partners Atome to Offer Its Merchants BNPL Acceptance
Razer Merchant Services (RMS), the B2B arm of Razer Fintech, has partnered with Singaporean buy now, pay later (BNPL) platform Atome to enable flexible deferred payment acceptance during checkout for its online and offline merchants. To pay, users first have
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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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4 Ways Alternative Data Is Improving Fintech Companies in APAC
Various categories of fintech firms – Buy Now, Pay Later (BNPL), digital lending, payments and collections – are increasingly leveraging predictive models built using artificial intelligence and machine learning to support core business functions such as risk decisioning. According to
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KASINKORNBANK Invests Bht 100 Billion to Drive Financial Inclusion in Thailand
KASINKORNBANK (KBank) announced a Bht 100 billion strategic programme aimed at boosting access to banking services among Thailand’s unbanked and underbanked population as well as Micro, Small and Medium Enterprises (MSMEs) and the self-employed. The programme includes accelerated investments in
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