News Formal

GoBear, Mambu, CredoLab team up to accelerate Asia lending business

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

FINANCIAL services startup GoBear will partner cloud banking platform Mambu and alternative credit scoring provider CredoLab to accelerate its lending business across Asia, Mambu said in a statement on Monday. Read more at The Business Times.

It said that this enables lenders such as banks, consumer finance and insurance companies to make"the most granular assessments possible of their applicants".in Indonesia, the Philippines, Thailand and Vietnam. The feature allows banks, financial institutions and lenders to extend credit using AI.

CredoLab chief executive Peter Barcak said the company's ability to generate a credit score for customers who cannot prove their creditworthiness in the conventional financial system made it"uniquely positioned to support GoBear as they diversify their business and move into lending in a controlled way".

GoBear chief lending officer Mike Singh said using fintech solutions, such as those from Mambu and CredoLab, would help it bring access to responsible credit to more of the region’s 296 million unbanked or underbanked population.For daily updates on weekdays and specially selected content for the weekend. Subscribe to

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 15. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Investment opportunities and longer-term trends in AsiaAS SINGAPORE joins other economies in adapting to a new normal, we take stock of the investment opportunities, risks, and longer-term economic trends in the region. What lessons can we learn from economies that have gone before us, such as China and South Korea? And what's our view on markets and performance? Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Asia stocks slip as coronavirus cases surgeSYDNEY (REUTERS) - Asian share markets got off to a shaky start on Monday (June 29) as the relentless spread of the coronavirus finally made investors question their optimism on the global economy, benefiting safe harbour bonds and the US dollar.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

Asia stocks slip as coronavirus cases surgeAsian share markets got off to a shaky start on Monday as the relentless spread of the coronavirus finally made investors question their optimism ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »