Reducing business financing from 3months to 2 weeks – Alternative Data Application

One of the most panic questions to business owner is the processing time of business financing generally take longer time than the business financing needs. In traditional commercial banks, the average time to funding of Corporate Lending (a general business financing term including SME financing) is generally around Three Months. The time to funding count from the financing application to funding deposited to bank account. From an experienced banker point of view, these processing cycle make sense as data collection, KYC, industry research, data verification, internal credit proposal parathion, credit approval negotiation and account opening all need time to process. From business owner perspective, these times is unacceptable as business needs change quickly and seldom has business can foresee the financing needs prior three months ago.(continue reading)

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Virtual banks: To be or not to be?

You may be familiar with this banking experience: people jostling one another, snakelike queues moving slowly and staff unhurriedly handling paper documents. For most people, this probably won’t be a pleasant experience. But have you ever wondered why we have to go to a branch banking in person, hand over stacks of paper documents and wait for the enduring review process?……(continue reading)

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Brief Discussion on Corporate Banking Services (3) — Long Term Financing

In previous articles, we talked about Working Capital Loan and Trade Finance in Corporate Banking. Those are short-term financing products for small and medium enterprises. For the more sophisticated enterprises or even investment consortium, they may borrow longer term for various loan purposes like Capital Expenditure, Refinancing and even for Merger & Acquisition…..(continue reading)

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FinTech helps SMEs to reduce bank interests

As business owners or financial controllers, have you ever experienced the below? For the similar facility size and borrowing terms, various banks make their indicative pricing quite differently. This even happens among different bankers in the same bank. On the other hand, the competition in retail banking is fierce and price setting is relatively transparent. How could this happen? How SMEs can reduce their bank interest cost by the application of financial technology?

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Financial services technology 2019 and beyond: Embracing transformation 2

As noted before, the digital transformation of Corporate Banking, the widespread use of Artificial Intelligence and new lending models are the three hot trends that are shaping the innovative FinTech platforms around the globe. Apart from these, Open Banking with FinTech is redefining the financial landscape. Listed below are another three big trends…(continue reading)

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Financial Services Technology 2019 and Beyond: Embracing Transformation

It is a critical time for Corporate Banks to invest in emerging technologies and fundamentally improve the ways they used to serve clients in order to flourish in the digital era of the 21st century. Listed below are three key trends that are shaping the innovative FinTech platform around the globe……(continue reading)

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