// LATEST UPDATES //
Samunnati partners with finbots . ai to transform credit risk management using AI
Samunnati , one of India ’ s largest agri enterprises , has signed an agreement with Singapore-headquartered B2B SaaS FinTech , finbots . ai , to transform credit risk management using AI .
With this , Samunnati becomes the first agri enterprise in India to incorporate advanced AI-based solutions into a key pillar of its business , supporting its mission to drive greater financial inclusion for smallholder farmers and agri enterprises . Through this partnership , Samunnati has become the first client of Accelbacked finbots . ai in India .
With creditX , finbots . ai ’ s AI-powered credit modelling platform , Samunnati will be able to develop high accuracy custom credit models on demand , enabling it to scale its agri and MSME supply chain financing business with reduced risk . Samunnati will also be able to process new applications instantly , resulting in improved efficiency and greater agility in operations .
Samunnati made the decision to sign with finbots . ai after an extensive evaluation via a proof of concept using historical data .
Hong Leong Bank celebrates five consecutive years as The Asian Banker ’ s Best SME Bank
In an achievement that highlights its excellence in serving SMEs in Malaysia , Hong Leong Bank ( HLB ) has been awarded the title of Best SME Bank by The Asian Banker for the fifth year in a row , underscoring the bank ’ s consistent investment into the success , growth and well-being of the SME community .
The prestigious award , presented at The Asian Banker Excellence in Retail Financial Services and Technology Innovation Malaysia Awards 2023 , is renowned for its rigorous evaluation process and is awarded to financial institutions for their vision , execution and market-leading financial service propositions . This recognition also comes on the heels of HLB being named the Best SME Bank in Malaysia for the second consecutive year by Asian Banking & Finance in August .
Kevin Lam , Group Managing Director and CEO of HLB , said that this achievement was a testament to the bank ’ s relentless dedication to supporting SMEs through tailormade financial solutions and community-focused strategies .
( From left ) Christian Kapfer , Research Director , The Asian Banker ; Kevin Ng , Head of SME Banking , HLB ; Daniel Mun , Head of Business Transformation , SME Banking , HLB and Wilson Chia , International Resource Director , The Asian Banker
Qarar and Biz2X partner to launch a cloudbased SME lending platform in Saudi Arabia
Qarar , a wholly owned subsidiary of SIMAH and one of the Middle East ’ s prominent data analytics and credit decisioning companies , and Biz2X , a global FinTech technology and financing provider , have announced a strategic joint venture that aims to revolutionise the landscape of SME lending in Saudi Arabia .
The primary objective of the partnership agreement is to bridge the financing gap faced by SMEs . Qarar and Biz2X are creating the largest SME lending platform in Saudi
Arabia with a streamlined digital experience that empowers SME borrowers and lenders to transact seamlessly . Lenders will also have the ability through the platform to create their own lending marketplaces , further enhancing their financial offerings to the SME sector . The companies invite lenders to contact them for early access to the platform .
Leveraging the award-winning Biz2X technology , the new platform will transform the SME lending process to fix this financing gap . �
10 intelligent
. tech
Intelligent SME . tech