The Association of Banks in Malaysia’s Post

Delighted to share with you Quinlan & Associates' latest report, "Plugging Hong Kong’s SME Credit Gap: Reinventing the SME Lending Proposition." In this report, we delve into the challenges that SMEs face in accessing credit in Hong Kong and propose solutions to bridge the HKD 170 billion credit gap. With SMEs representing nearly 99% of all local businesses and making a significant contribution to Hong Kong's economy, it's imperative that we address the persistent credit challenges they encounter. Over the past few years, we've seen only ~60% of SMEs with credit demand applying for loans, and of those, an average of 34% faced rejection or partial approval. This highlights the pressing need for a new approach to SME lending. Many of these challenges stem from operational inefficiencies across the lending journey, including limited transparency, slow onboarding times, and stringent requirements. However, we firmly believe that the solution lies in leveraging technology, particularly algo-based lending. But this journey isn't just about technology; it's about lenders fundamentally rethinking their strategies and operating models. Download our latest report below to uncover more about the SME lending landscape - happy reading!

Trust Bank will roll out more types of unsecured loans to customers in the coming months as the digital bank races towards its goal of being profitable by 2025. This comes after the institution, which is backed by Standard Chartered Bank and FairPrice Group, launched what it calls Instant Loans for some of its Trust credit card holders in July. It is based on customers converting a portion of their available credit balance into cash. Chief executive Dwaipayan Sadhu told ST: “Since July, we have seen very strong customer response for our unsecured loan, and our operational processes and risk management practices are working as per our expectations very well. “We are now looking at expansion and in the next few months, we will be expanding to newer variants of unsecured loans.” The move into loans is a milestone for Singapore’s digital banks. Lenders mainly profit from the difference between the interest earned on loans and rates paid on deposits, together with fees from various products. But digital lenders are still building up their deposits – a cheap source of funds for banks – and rely largely on their shareholders in the meantime. Fitch Ratings’ Willie Tanoto also notes that in addition to lending margins, the credit quality of loans and credit costs associated with lending will be a key determinant of profitability. More in my story (paywalled): https://str.sg/ipkY

< Loan Without Collateral From Stranger? 💲> RM200,000 is not a small amount of money💰 for an employed or salaried person, right….. Couldn’t think of what circumstances a Loan can be easily apply without any documentation from banks, even from the illegal private lender, could you? The common situation happened from most scam news read and heard from victim alike in: 1. Communicate without Online face to face meet, especially at Zoom or Google Meet, where it is the no excuse for not meet up for details at new tech era nowadays. This is because I used Zoom to meet the first time stranger in my business nowadays. 2. Why not mention the company name if it is Legal. 3. The Online Meet is also a way to show “If Your Consultant Is Authorized” from the registered board in Malaysia. 4. When relates to financial market, as licensed registered individual is not allow to receive any processing fees and deposit or cash from clients. 5. The fees and deposit must transfer to ONLY One bank account under Company Name, ONLY One company. 6. How the lender know if borrowers capable to pay back without any legal background check from specific documentations which needed for the purpose? 7. If the amount approved, the loan Will Not deposit to individual bank account but to developer or car seller company. If you never have a loan, the best and safe way to know if you’re Qualify for the loan apply, just visit a bank and they will tell you what you will need to prepare and how long you’ll know if your loan is approve or not #BewareOfScams #LoanSafety #ChooseLegitLoans #SafeLoanOptions #BankLoans #WomenEmpowerment #StephanieYapUnitTrustAndPrivateRetirementSchemeConsultant #StephanieYapFinancialHappiness #fyp