News

AMP Credit Technologies announced today the unveiling of the latest version of its proprietary Credit Analysis Information & Risk Operations System (“CAIROS™”) automated lending platform.   The newest platform, Version 4.0, will be officially released to the public at the G-20’s Global SME Finance Forum 2016 in Beijing, PRC on 19 September.

The new platform Version 4.0 includes many new features designed for banks and other institutional lenders to improve speed, reduce operating costs, and increase the product scope.

The Global SME Finance Forum 2016 will take place in Beijing, China from September 19-21. This annual flagship event of the SME Finance Forum will bring several hundred senior bankers, fintechs, development bankers and policymakers together to discuss the latest trends, witness demonstrations of fintechs and consider specific investment and partnership proposals. See the list of participating institutions further below.  

Over 35 million Small and Medium Enterprises in the country, in 2017, will be empowered with Diamond Bank Mobile Point of Sales, sequel to the collaboration between Diamond Bank and Microsoft on SMEs growth.

The Head, Emerging Business, Diamond Bank, Njideka Esomeju, said the solution would enhance business productivity among SMEs in the country.

“We need to get SMEs to move online, which is the next level of business, and to learn how to maximise the use of their computers to improve their business efficiency,” Esomeju said.

Global small business lender Capify claims peer-to-peer lenders will suffer more than most during a downturn because they lend to risky borrowers for too long, but P2P lenders say the evidence doesn't stack up. New York-based Capify lends to small business in the US, Canada, Britain and Australia. It introduced so-called merchant cash advances to Australia in 2008 under the name AusVance, which involves a business giving up future credit card takings in return for credit.
 

Westpac has announced the launch of Business Link, a revolutionary online supply chain management platform that allows businesses to facilitate payments and manage international suppliers, saving valuable time and freeing up cash flow.

In the past few years, the so-called P2P lending industry has certainly experienced tremendous growth, with origination volume doubling annually, reaching $24 billion globally in 2014.