Special Report: ‘Banks risk losing SMEs to alternative lenders’

BANKS need to step up their digital game or risk losing small and medium enterprises (SMEs) to alternative lenders, according to US-based data analytics firm FICO.

Its recent survey of SMEs in Asia-Pacific found that 44% of respondents in Malaysia were interested in taking up new borrowing products this year, while 43% were considering alternative or non-traditional lenders. Interestingly, the…

Source link

About mysme

Check Also

KEXXEL GROUP BRINGS TOGETHER RENOWNED INDUSTRY EXPERTS TO HIGHLIGHT THE IMPORTANCE OF ESG IN MALAYSIA

KUALA LUMPUR, Malaysia, Dec. 1, 2022 /PRNewswire/ — ESG Evolve 2022: Driving Catalytic Change for …

Leave a Reply

Your email address will not be published. Required fields are marked *

No comments to show.