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

New Horizons for SMEs in the Johor-Singapore SEZ

With the establishment of the Johor-Singapore Special Economic Zone, cross-border trade and partnerships between Malaysia …

Leave a Reply

Your email address will not be published.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