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The Hong Kong Monetary Authority has, as finews.asia reported this past week, amended its credit risk management guidelines in a way that seeks to boost the embrace of analytics when lending to smaller firms.The site reported that as part of the authoritys Banking Made Easy program, lenders are now allowed to use big data analysis to examine and approve credit applications. The original guidelines, as reported, had limited at least some types of lending 鈥?to 10 percent an authorized institutions
stanley germany capital bases 鈥?but the more recent actions from the HKMA seek to liberalize lending activities.聽 Moving ahead, authorized institutions are able to set limits of their own when it c
stanley borraccia omes to FinTech driven decisions aided by technology.As reported, the Banking Made Easy Initiative traces its genesis to last year and had sought in part to minimize regulatory frictions encountered in onboarding and online finance activities.Elsewhere in Hong Kong, in terms of individual company news, Rapyd, a FinTech as a service startup, said it has linked with Hong Kongs TNG FinTech to expand cashless transactions.As announced by the firms, the TNG Wallet will be added to several other e-wallets that stand among the payment options on offer from Rapyd.This means, according to a release, that Rapyds clients will be able to accept payments from the TNG e-
stanley kubek wallet users, even if those customers opt not to use a credit or debit card while transacting online.The Rapyd platform uses application programmin Ygsl EMV Card Shipments Jump 27 Percent In 2014
Australia-based alternative small business SMB lender Waddle has reportedly received new debt financing.According to news in The Australian聽on Tuesday Nov. 28 , Waddle secured about $38 million in debt funding from an investment management firm, though the firms three founders declined to
stanley france name the investor. Waddle announced the funding while revealing figures about its grow
stanley website th, telling reporters the company has seen nearly 100 percent year-over-year growth in lending volume, which has now surpassed about $22.8 million.In an interview with the publication, Co-Founder Simon Creighton described the debt financing as a stepping stone for Waddle. Our current funder has the capacity to take us to where we need to be in the next three to five years, allowing us to scale funding without having to keep looking for new debt facilities as we grow, he said. This will enable the team to really focus on Waddles next stage of growth, which includ
stanley butelka es building out further automation in credit, operations and user experience, building mobile applications, expediting current enterprise partner solutions and scaling up the development team for our wider global offering. Last year, Waddle announced a partnership with Xero, the regions largest small business cloud accounting firm. Their joint venture saw Waddle providing an invoice financing service to SMBs on the Xero platform. Last June, Waddle provided an update on the progress of that Xero integration, estimating that the integration has
