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Will Fintech break the dominance of local banks in Singapore?

DBS, OCBC and UOB dominate the banking sector in Singapore. The state regulator harnesses and supports Fintech, but it could do more.

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First SME Lending Chatbot in SE Asia Launched by Funding Societies

Funding Societies, Singapore’s and Southeast Asia’s SME crowdfunding platform, has announced the launch of its new chatbot “Miyu”. This is described as the first such chatbot created by a crowdfunding company in Southeast Asia. Miyu was jointly developed by two Singapore Management University interns at Funding Societies along with bot platforms meya.ai and api.ai, using machine learning, and natural language processing.

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Roadmap to vibrant ecosystem for Singapore's wholesale trade sector

It aims to create 10,000 new jobs by 2020, help companies digitalise, build digital marketplaces and set up training programmes.

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Developing Asia accounts for large trade finance gap

Businesses particularly the micro, small and medium-sized enterprises (MSMEs) continue to face challenges in accessing sufficient credit, resulting in a global trade finance gap of US$1.5 trillion in 2016. Even as technology is introducing new ways to assess and manage risk, the fundamental causes of unmet demand for trade finance have not been addressed.

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Invoice crowdfunding firm Validus offers SMEs 'virtual credit card'

For small and medium-sized enterprises, a single delayed payment from a customer can mean a major dent in cash flows. Invoice crowdfunding start-up Validus Capital thinks it has a good solution to this problem.

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GTR launches trade fintech investment arm

Global Trade Review (GTR) has launched an investment arm, supporting fintech companies in the trade space. GTR Ventures (GTRV) will be launched at this week’s GTR Asia Trade & Treasury Week in Singapore, the world’s largest trade finance event.

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Blockchain solution aims to stop trade invoice fraud

A new blockchain-based solution has been launched with the aim of stopping the double financing of invoices. The tool allows banks and factors to check if another funder has already paid an invoice, by cross-referencing it against a blockchain-based central registry.

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The Race Is On To Disrupt Traditional Banking

Are banks here to stay? A recent report by Accenture has highlighted how digital disruption is shrinking the role and relevance of banks.

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Singapore's GIC leads $220 million funding round for Chinese P2P lender Dianrong

Chinese peer-to-peer lending platform Dianrong has raised $220 million from Singapore sovereign fund GIC Pte Ltd [GIC.UL] and other investors to fund R&D in China and potential ventures elsewhere in Asia.

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Singapore regtech startup targeting trade finance

A Singapore-based company is aiming to cut the time it takes big banks to conduct investigations on suspicious trade finance transactions.

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Starving the small firms (and farms)

Ask a small entrepreneur what her/his most formidable hurdle is to sustaining her/his business, let alone expanding it, and chances are she/he will point to financing. Data recently cited by the World Bank show how pathetically behind the Philippines is relative to its Asean-5 neighbors in bank loans extended to small and medium enterprises (SMEs). As of 2014, Thailand had US$171 billion, Malaysia US$61 billion, Singapore US$57 billion, Indonesia US$51 billion, and the Philippines a paltry US$9 billion.

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Singapore licenses first Chinese fintech firm, heating up competition with Hong Kong

China’s second-largest peer-to-peer lending platform, founded by the Ping An Group, has been granted a licence to operate in Singapore, giving the city a leg up in its competition against Hong Kong in attracting investments to nurture financial technology and innovation.

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What the 1997 Asian financial crisis has taught us

This month marks 20 years since the Asian financial crisis. It is appropriate to consider at this juncture why the crisis happened, and what we have learnt about how countries can safeguard their economies from future shocks and deliver sustainable and inclusive growth.

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How the financial sector is preparing for its AI-led future

As traditional banks grapple with the challenges posed by fintechs, legacy constraints and traditional operational models, artificial intelligence (AI) is emerging as the savior. Organisations involved in the business of wealth are sparing no efforts to start to tap the potential of AI by experimenting and prototyping: intelligent digital assistants to amplify service, data-models to automate smart lending decisions, fraud detection through pattern recognition and speech/face recognition.

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Unbanked Indonesian SMEs turn to online lending for fast financing

MID-2016, Yonathan Juandro was faced with a quandary: how to raise US$20,000 to expand his small catering business fast.

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How Asia Is Adapting To The Alternative Finance Revolution

In more ways than one, alternative finance has made borrowing simple, swift and suitable. Over the last few years, alternative finance providers have grown in number and garnered significant acknowledgement and traction from stakeholders such as regulators, venture capitalists, banks, enterprises and investors. They provide financing outside the parameters of traditional lenders, most commonly banks. Breaking it down even further, alternative finance includes domains such as crowdfunding, peer-to-peer financing, and invoice financing.

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SG, HK turn into global wealth engine powerhouses

Singapore and Hong Kong have become global wealth engine powerhouses that expect to attract foreign cash two times faster than Switzerland in the next four years, Bloomberg reports.

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How late payments help create a billion-dollar market

Due to the financial risks resulting from delayed payments, companies have been exploring new ways to get cash as soon as possible. This has led to the rapid growth in the invoice trading market in Asia-Pacific.

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Robo advisers could soon be running your finances

Investors will soon have the option to log into an online platform, answer some questions about themselves, and have a personalised investment portfolio prepared for them. All this will be made possible through robo-advisory financial services using automated, algorithm-based tools. Services are provided online with limited or no human interaction with clients.

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Chinese Fintech CreditEase to Expand to Singapore

CreditEase, a China based peer to peer lender, has announced its plans to open a new office in the Asia Square Tower in Singapore.

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Singapore business confidence improves for 2nd straight quarter despite downside risks

Business confidence in Singapore improved for the second consecutive quarter despite downside risks, the a quarterly survey found.

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99% SME campaign to focus on adopting digital solutions

Helping small- and medium-size enterprises (SMEs) digitise amid tech disruptions is the focus of the latest campaign under the 99%SME movement, launched on Monday (Jun 5).

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MAS to create matchmaking opportunities at 2nd Fintech Festival in November

EXPECT a bigger Singapore Fintech Festival this year, with the Monetary Authority of Singapore (MAS) hoping to create matchmaking opportunities between Singapore-based fintechs and investors.

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The need for SMEs to go digital

SMEs remain hindered by poor cash-flow visibility issues primarily caused by reliance on manual processes and payment methods.

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Next financial crisis may be triggered by a cyberattack, says MAS chief

EMERGING technologies help reduce risks in the financial sector, but they may also accentuate some risks or even create new ones, such as cyberattacks and runaway algorithms, warned Ravi Menon, managing director of the Monetary Authority of Singapore.

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Making business-to-business payments painless

Cash flow is king when it comes to managing a business. However, for many small businesses, delays in being paid can have an immediate impact on cash flow and the day-to-day management of operations.

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Investors grow more adventurous in their search for income

Institutional investors have been forced to become more adventurous in their hunt for income and are investing in a more eclectic range of assets.

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How a rise in institutional funds has changed the P2P lending landscape

A many-to-many model that works well and in which – much like the US experience – the lender base has changed quite a bit since it started. These online exchanges mostly appeared following the 2008 financial crisis to alleviate the shortfall in lending to individuals and were viable as a result of low-cost technology and fair margins. P2P today embraces lending to SMEs, student loans, personal credit and real estate lending.

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4 ways trade finance could help you grow

What is trade finance and how does it support growth? My Business asks a trade finance supplier to set the record straight.

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China's yield-strapped investors spark peer-to-peer explosion

Peer-to-peer lending is surging in China as conventional financial products lose their appeal -- creating new opportunities and substantial risks for yield-hungry retail investors.

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Business outlook for Q2 2017 rebounds

Business sentiments for the second quarter of the year has picked up, following a pessimistic outlook in the preceding quarter, according to the Singapore Commercial Credit Bureau’s (SCCB) latest quarterly Business Optimism Index (BOI). The BOI is a measure of business confidence in the economy. Released quarterly, it is based on a business sentiment survey designed to capture business expectations.

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Government will help firms seize opportunities: S. Iswaran

Amid the challenges they face in a slowing economy - and a changing world - small and medium-sized enterprises (SMEs) will get all possible help from the Government to transform themselves into future engines of growth.

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Singapore Relaxes Rules for Companies Offering Loans to SMEs

The Monetary Authority of Singapore (MAS) has announced regulatory changes to strengthen the resilience of finance companies and enhance their ability to provide financing to small and medium sized enterprises (SMEs).

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If P2P Lenders Can’t Make It In China, Can They Make It Anywhere?

However one might feel about peer-to-peer lenders, you have to give them this: They’re really, really trying to make it happen. For Lending Club, SoFi and their ilk, each successive wallop just encourages them to keep fighting. But increasingly it seems that, like Harrison Ford’s aviation career, the P2P industry has hit that point where doubt and genuine concern outweigh whatever goodwill its novelty once attracted.

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Malaysian uses Harvard business know-how to crowdfund for SMEs

A Malaysian-born entrepreneur and his Indonesian business partner have started a crowd-funding company to provide financial assistance to local small and medium enterprises (SMEs).

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Singapore Budget 2017 aims for innovative economy, quality environment and inclusive society

The Government’s Budget statement for financial year 2017 was delivered on Monday (Feb 20) by Finance Minister Heng Swee Keat who outlined three main themes of economy, environment and society.

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Singapore Budget 2017: Short-term measures 'disappointing', help for SMEs welcome, says business community

In his Budget address on Monday (Feb 20), Finance Minister Heng Swee Keat announced some measures that will give companies some near-term support to weather the current economic slowdown, as well as new measures that will help them innovate, scale up and go global.

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MAS to beef up financing channels for Asian growth companies

This is in line with the recent ruling introduced by MAS, two days ago. MAS reported that it would be announcing specific initiatives to strengthen funding for growth companies shortly.

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Funding Societies launches FS Bolt app to provide fast and secure loans for SMEs

Competitor Funding Societies has introduced a mobile app for SME lending. It offers loans with quantum up to S$20,000 for companies incorporated in Singapore.

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Changes to Finance Company Regulations to Enhance their Ability to Finance SMEs

The Monetary Authority of Singapore (MAS) announced today regulatory changes to strengthen the resilience of finance companies and enhance their ability to provide financing to small and medium sized enterprises (SMEs).

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Kelvin Teo erases borders with an online lending platform

Zooming into Funding Socities business in the Indonesian market. The website Fansuri used is run by Funding Societies, a fintech startup that operates in Indonesia, Singapore and soon in Malaysia.

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Populous, A New SME Lender, Puts Blockchain Into Invoice Finance

There is a sea of new FinTechs looking to challenge traditional banks in the U.K., and there is another sea of FinTechs exploring how to take blockchain from a hypothetical disruptor to a real-world one. A new company, Populous, is looking to be a strait that connects these two seas.

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Peer to peer strikes a chord with younger generation

Research conducted in UK shows that people aged 18-34 are four times more likely than over-55s to have money invested in a peer to peer platform.

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Singapore companies braced for challengers ahead: KPMG

The article touches upon how companies face upcoming interest rate hikes which will increase the cost of funds, as well as slower L-shaped growth.

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Chinese P2P platforms seeing decrease in overall risk

Financial regulators in Asia have been looking at how to handle the growth in Asian P2P activity.

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3 Alternative Ways for Singapore SMEs to Get Funding

The article explores three alternative ways for SMEs to raise funds while avoiding bank loans.

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Retail investors get better protection

The article discusses the impact of the new law passed by the parliament which provides more stringent protections for retail investors. Also, changes made to the Securities and Futures Act will, will tighten the criteria for accredited investors, making it harder for individuals to qualify as accredited investors. In addition to that, A mechanism will also be introduced to let investors opt out of being recognised as accredited investors even if they meet the criteria.

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China P2P lenders braced for regulatory crackdown

China’s regulators have sent inspection teams to companies to ensure that they meet a list of new rules issued last year, and threaten to shut down those that fail to comply. This is expected to eradicate more than 2,400 lending platforms in the country.

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10 investment eggs to hatch in 2017

Don’t be caught sleeping this Year of the Rooster and start sitting on these golden investment eggs; but as with any investment idea, these eggs are best taken with a grain of salt.

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The Rapid Growth of Alternate Finance

An overview on the emergence and the future of the global alternative-finance market.

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Report: London is Still the Global Hub for FinTech; Singapore and New York Follow.

A report states that London is still leading the global fintech race followed by Singapore and New York.

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Invoice financing: growth market in 2017

A key finding of the 2016 Asia Financial Forum is the recognition that de-risking measures and reluctance by banks to offer loans to small and medium enterprises (SMEs) are being the growth of shadow banking in Asia.

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Fintech ideas that banks are already stealing

The relationship between banks and Fintech is hard to pinpoint as “adversarial” or “co-operative”. Many FinTechs have begun to be seen as a threat by banks; an overview of Fintech ideas that banks are already adopting.

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Special Report: The six P2P lending operators in Malaysia

An overview of the 6 P2P lenders in Malaysia.

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Special Report: New shot at funding for creditworthy SMEs

The relationship between banks and Fintech is hard to pinpoint as “adversarial” or “co-operative”. Many FinTechs have begun to be seen as a threat by banks; an overview of Fintech ideas that banks are already adopting.

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Capital Springboard Introduces New Alternative Finance Fund in Singapore for Accredited Investors

Capital Springboard (S) Pte Ltd, a peer-to-peer invoice financing platform for accredited investors, has transacted over SGD$110 million on its platform since its’ pilot testing phase. Launched in June this year, Capital Springboard has garnered strong interest amongst accredited investors and local small and medium-sized enterprises (SMEs)

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BritCham presents Investing in People award to Salt Communications

A feature on the recently hosted BritCham Awards.

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Singapore, Hong Kong Among World's Top Five Fintech Hubs

The global top five FinTech hubs in 2016 are London, Singapore, New York, Silicon Valley, and Hong Kong, according to the report Connecting Global FinTech: Hub Review 2016 recently issued by Deloitte.

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Financing emerges as new cost challenge for SMEs: survey

SMEs now have to deal with higher interest rates, tightened access to credit and higher collateral

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Access to financing a growing challenge for SMEs: Survey

Access to financing has emerged as a growing challenge faced by small and medium-sized enterprises, according to the latest SME Development Survey which polled 2,513 local enterprises across a range of sectors

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S’pore recession risk raises chance of policy easing

India’s first invoice discounting platform has raised $6 million as Series A investment led by Sequoia Capital and existing investor, Prime Venture Partners, reports Inc42.com. Investors of the platform can also be NRI’s (Non-Residing Indians), in addition to individuals, proprietors, institutional investors, banks, NBFCs, NRI investors and other financial institutions

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Robo-advisors not ready to replace humans - Credit Suisse exec

A wave of new digital tools will complement, not replace, finacial advisors, according to senior Credit Suisse exec

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S’pore recession risk raises chance of policy easing

The growing risk of a recession in Singapore has raised the prospects of an off-cycle easing in policy, although for now the consensus among economists is for the central bank to sit tight in the economy sparks to life

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Can Fintech Fill Asia’s SME Lending Gap?

An overview of findings on how Fintech influence the rapid growth of Asia’s e-commerce and regional trade, trends that complement SME development

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Fintech in Hong Kong: Where There’s a Will, There’s a Way, or Hong Kong’s Measures To Become the Fintech Capital of Asia

Hong Kong is putting substantial focus on financial technology, or fintech, to compete with Singapore and Tokyo as the fintech capital of Asia

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Tech's the way to connect a wealth of deals across borders

Two start-ups aim to help bring together investors and mid-sized Asian businesses seeking growth

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Government does not expect 'outright recession' for Singapore

Economic slowdown is expected ahead, however recession has been ruled out. Minister for Trade and Industry has stated that depending on the nature and severity of the downturn, the Government is prepared introduce a range of contingency measures. These include the SME Working Capital Loan scheme to help small companies with cash-flow concerns and financing needs for growth

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Fintech – the next frontier for Hong Kong’s battle with Singapore?

With world-leader London compromised by Brexit, the Asian tigers sniff blood in the arena of financial technology

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Power in numbers

Equity crowdfunding is rapidly gaining ground in Asia, but the region has yet to embrace it fully

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Asia's hunger for alternative finance

After the global downturn that followed 2008, Small and Medium Enterprises (SMEs) emerged as one of the pillars of the economy, withstanding turbulent times whilst banking titans collapsed around them - See more at: http://sbr.com.sg/financial-services/commentary/asias-hunger-alternative-finance#sthash.oPgqBFYX.dpuf

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Vikas Nahata: «We want to connect investors to Singaporean businesses»

Vaalidus Capital, which is a peer-to-peer lending firm in Singapore is featured in this article. The article gives a general overview of their business and future plans

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Indonesia’s Fintech investment to reach $8b in two years: KADIN

Southeast Asia’s largest market Indonesia has been witnessing an emergence of a number of fintech companies

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Bank loans fall for 10th month in a row

An overview on the decreasing rate of bank loans in Singapore, amidst a sluggish economy

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Big-ideas seeker hits town

Vaalidus Capital, which is a peer-to-peer lending firm in Singapore is featured in this article. The article gives a general overview of their business and future plans

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SPECIAL FEATURE: Disruption in the lending space

An overview of the readiness of the P2P lending platforms to embrace digital disruptions of the future

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Global Peer-to-peer Lending Market 2016-2020 - Increase in Global Lending of MSMEs with the Market Forecasted to Grow at a CAGR of 53.06% - Research and Markets

The report covers the present scenario and the growth prospects of the global P2P lending market for 2016-2020. To calculate the market size, the analyst considers the lending amount through P2P platforms in the Americas, Asia Pacific (APAC), and Europe, the Middle East, and Africa (EMEA). The report also includes a discussion of the key vendors operating in this market

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Funding Societies sees overheating in crowdfunding

Even as regulations soon come into force for Singapore's crowdfunding scene, there are fears among a few that the floodgates have been flung open too soon for new players to enter this nascent segment

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How can invoice financing drive SME growth?

As with the global economy, small and medium-sized enterprises (SMEs) provide the backbone of Asia’s economic growth

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Here’s How Citigroup Is Embracing the ‘Fintech’ Revolution

The mega-bank needs to counter a new wave of financial technology startups

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Invoice financing platform Capital Springboard rolls out in Singapore

Capital Springboard has announced the Singapore launch of its peer-to-peer (P2P) financing platform for accredited investors seeking high returns on short-term invoices

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Capital Springboard begins operations

Singapore based Capital Springboard yesterday launched a peer-to-peer invoice financing platform for savvy accredited investors seeking high returns on short term invoices

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New invoice financing to back Singapore SMEs

Singapore based Capital Springboard yesterday launched a peer-to-peer invoice financing platform for savvy accredited investors seeking high returns on short term invoices

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Capital Springboard launches invoice financing platform, investors to receive high returns on short term invoices

Singapore based Capital Springboard yesterday launched a peer-to-peer invoice financing platform for savvy accredited investors seeking high returns on short term invoices

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Capital Springboard Peer-to-Peer Invoice Financing Platform Launched in Singapore

Capital Springboard (S) Pte Ltd launched today a peer-to-peer financing platform for savvy accredited investors seeking high returns on short-term invoices

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Singapore SME’s rejoice, there is a new P2P financing platform in town

The Singapore-based company Capital Springboard has already seen S$80 million (US$60 million) traded on its platform since its pilot in July 2015

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Invoice financing startup Capital Springboard goes live in Singapore

Capital Springboard (S) Pte Ltd launched today a peer-to-peer financing platform for savvy accredited investors seeking high returns on short-term invoices

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Start Singapore: Fund to provide seed money, growth capital

Fund to provide seed money, growth capital. A fintech fund called Dymon Asia Ventures has been set up to invest in areas such as asset management, remittances and foreign exchange

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Singapore SMEs rejoice, there is a new p2p financing platform in town

Singapore-based p2p financing company Capital Springboard has announced its official launch today. The platform, which allows investors to purchase short term invoices. have already incurred over 1,300 invoices worth S$80 million (US$60 million) in trades since it launched its pilot in July 2015

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Capital Springboard peer-to-peer invoice financing platform launched in Singapore

Capital Springboard (S) Pte Ltd launched today a peer-to-peer financing platform for savvy accredited investors seeking high returns on short-term invoices

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Singapore SMEs rejoice, there is a new P2P financing platform in town

Singapore-based p2p financing company Capital Springboard has announced its official launch today. The platform, which allows investors to purchase short term invoices. have already incurred over 1,300 invoices worth S$80 million (US$60 million) in trades since it launched its pilot in July 2015

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Capital Springboard Peer-To-Peer Invoice Financing Platform launched in Singapore

Capital Springboard – backed by London-based investment advisor Centurion Portfolio Managers – has announced the Singapore launch of its peer-to-peer (P2P) financing platform for accredited investors seeking high returns on short-term invoices

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Invoice financing platform CapitalSpringboard launches in Singapore

Capital Springboard – backed by London-based investment advisor Centurion Portfolio Managers – has announced the Singapore launch of its peer-to-peer (P2P) financing platform for accredited investors seeking high returns on short-term invoices

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Peer-To-Peer Invoice Financing Platform Launched in Singapore

Capital Springboard has launched a peer-to-peer financing platform for sophisticated investors seeking high returns on short-term invoices

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P2P financing platform from Capital Springboard launched in S’pore

Capital Springboard has launched a peer-to-peer financing platform for accredited investors seeking high returns on short-term invoices

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Capital Springboard Peer-to-Peer Invoice Financing Platform Launched in Singapore

Capital Springboard (S) Pte Ltd launched today a peer-to-peer financing platform for savvy accredited investors seeking high returns on short-term invoices

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Otto Marine receives delisting offer

Offshore marine group Otto Marine has received a formal acquisition offer for its shares and is likely to become the first company from the hard-pressed sector to be delisted. In an exchange filing yesterday, the company said it has received an exit offer of 32 cents per share from RHB Securities, the potential buyer's financial adviser

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S'pore outpaces US and Britain in productivity growth

Singapore's productivity growth is often criticised for being lacklustre, but an economist from Oxford Economics said the country has done "remarkably well". Productivity grew 1.5 per cent between 2000 and 2015, outpacing gains in similarly high-income countries such as the United States and Britain. The US recorded productivity growth of 1.2 per cent while the United Kingdom posted a 0.9 per cent expansion, said Ms Priyanka Kishore, lead Asia economist at the British-based global advisory organisation

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Prime retail rents on Orchard Road fall for sixth straight quarter: CBRE

AVERAGE prime retail rents on Orchard Road fell for the sixth consecutive quarter in the second quarter of this year, CBRE Research said on Thursday. Prime Orchard Road rents stood at S$32.50 per square foot per month (psf/month), on average, in the second quarter, down 1.1 per cent from the first quarter of 2016

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MAS makes it easier for start-ups and SMEs to tap securities crowdfunding

Start-ups and small and medium enterprises (SMES) will now find it easier to tap securities crowdfunding (SCF) under new steps announced by the Monetary Authority of Singapore (MAS) on Wednesday (June 8). Securities crowdfunding is the online offering of private company securities to investors. It enables broad groups of investors to fund startup companies and small businesses in return for some form of securities like shares in the company

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URA to developers: Don't get carried away with incentives

Developers of uncompleted projects were reminded to comply with the rules when offering incentive schemes to buyers. The notice from the Urban Redevelopment Authority (URA) comes in the wake of the increasing use of ever more creative incentives by developers to move units

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MND to offer land for 7,545 private homes including 780 ECs in H2

THE government will release land for 7,545 private homes (including 780 executive condo (EC) units) as well as 277,080 sq metres gross floor area (GFA) of commercial space on both confirmed and reserve lists in the second half of this year. This is just slightly more than the 7,415 private housing units (inclusive of 1,455 EC units) and 272,580 sq m of commercial space for the current first half Government Land Sales (GLS) Programme

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MAS says no Singapore bank received 1MDB bond proceeds

The Monetary Authority of Singapore (MAS) said on Wednesday that no bank in Singapore received the US$3 billion wire transfer from Goldman Sachs which had arranged the bond issuance for Malaysian state fund 1Malaysia Development Berhad (1MDB). It is rare for MAS to issue statements about specific banking transactions, and it said it was doing so in response to media queries

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Commodities making a comeback, but investors remain wary

AFTER years of disappointing returns, commodities have now entered into a bull market and become the best-performing asset class this year. Prices are expected to stay high in the second half of the year with tightening physical and supply fundamentals across the complex, said analysts

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Singapore rises to 18th place in expat cost of living survey

In the past five years, Singapore jumped 13 spots from 31st to 18th in the global ranking of the most expensive locations for expatriates, according to a cost of living survey by consultancy firm ECA International. It has, however, been overtaken by other Asian cities such as Hong Kong, which rose 26 places to 9th place globally from March 2012 to March 2016, and Guangzhou, which rose 40 places to be ranked 15th worldwide. The island-state is now the 10th most expensive city in Asia for expatriates, according to the survey

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Great Eastern disposes of Vietnam business after strategic review

Great Eastern Holdings Ltd has sold its Vietnam business to FWD Life Insurance Company (Bermuda) Ltd, a unit of Hong Kong's Pacific Century Group, for S$48.2 million in cash. The net book value of Great Eastern Life (Vietnam) Co Ltd (GELV) as at May 31 was S$47.5 million, the company said in a filing to the Singapore Exchange on Tuesday (June 7)

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Kimberly-Clark launches new manufacturing lines at Tuas plant

New manufacturing lines for Huggies baby wipes and diaper pants were launched at Kimberly-Clark's Tuas Plant today (June 7). The multi-million dollar investment brings Kimberly-Clark's total investment in Singapore to S$400 million. The company first set up its Singapore office in 1981, and established its ASEAN office and Asia-Pacific headquarters here in 2012

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Microsoft and Temasek team up to help startups grow

Tech giant Microsoft and state investment firm Temasek have entered a global partnership to help support and scale startups across the world. The collaboration sees Temasek, together with six of its portfolio companies, join the Microsoft Accelerator programme as official global network partners in Seattle, Berlin, Tel Aviv and Bangalore

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ICBC expands presence in Singapore with key MoUs

Under an agreement between ICBC and IE Singapore, the Chinese bank will provide financing services and look at ways to support Singapore companies in infrastructure projects across Asia. To help Singapore companies tap infrastructure opportunities in China's "One Belt, One Road” initiative, International Enterprise (IE) Singapore has signed a Memorandum of Understanding (MoU) with the Industrial and Commercial Bank of China (ICBC)

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Q&M to acquire 47% stake in China-based dental laboratory business

Q&M Dental Group is seeking to buy a 47.14% equity interest in Shenzhen New Perfect Dental Research (SZNP) for RMB66 million ($13.75 million). SZNP is a China-based dental prosthetic devices provider, focusing on custom-making prostheses for individual dental patients

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Singapore bond market frenzy distorts credit costs, S&P says

Corporate bond offerings by some of Singapore's biggest companies are drawing such strong demand from investors that they are artificially lowering borrowing costs for weaker borrowers, according to S&P Global Ratings. Recent offerings from issuers such as state investment company Temasek Holdings Pte Ltd, port operator PSA Corp and electricity distributor Singapore Power Ltd were "well over-subscribed" amid heightened threat of non-payments by riskier borrowers across South-east Asia, analysts Bertrand Jabouley and Xavier Jean wrote in an e-mail interview

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Can Singapore stay clean when banks play dirty for wealthy clients?

The order for Swiss Bank BSI’s shut-down late last month sent shockwaves across the financial industry, and highlighted one particular challenge that Singapore faces in its drive to be a leading hub for private wealth – its exposure to illicit money. Being a private banking hub exposes the city-state to tainted money, analysts tell Money Mind. But bankers have been sent a strong message to play by compliance rules - or else

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Funan retailers branch out virtually, but still believe in brick-and-mortar stores

Funan DigitaLife Mall closes for renovations this month, and while some retailers at the IT and electronics hub have indicated they are moving operations online, at least two players said they are sticking with brick-and-mortar stores. Stores are likely to need to engage with customers on an e-commerce system, on top of the essential physical shopping experience, said businesses like AddOn and Challenger

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Frasers Centrepoint appoints Panote Sirivadhanabhakdi as new CEO

Frasers Centrepoint (FCL) has appointed a new chief executive officer to take over from Mr Lim Ee Seng, who will retire on Sept 30, 2016, and announced other organisational changes in a filing to the Singapore Exchange on Monday morning (June 6). Mr Panote Sirivadhanabhakdi, currently CEO of Thai-listed real estate company Univentures Public Company, has been a non-executive and non-independent director of FCL since March 2013. He is also a member of FCL's board executive committee, risk management committee and remuneration committee

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Yongnam wins two contracts worth $29.6 mil

Engineering and construction firm Yongnam has secured two contracts worth $29.6 million for projects in Singapore and Hong Kong. The first is awarded by Vanguard Properties for sites on 1 & 3 Kallang Junction

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Land supply for private homes may rise, reversing trend

THE downtrend in the supply of state land in the confirmed list for private housing (excluding executive condos) development may be reversed in the second-half of this year. Some property consultants predict a moderate rise in supply, citing developers' strong appetite for land replenishment and a recent pick-up in private home sales. The timing of any potential tweaking of cooling measures would also come into play in crafting the state's land sales strategy. "The cards are in the hands of the government. They will have an idea of when they will ease the measures; so they would adjust the GLS (Government Land Sales) supply quantum in tandem," says an industry observer

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Singapore banks eye a share of Japanese FDI market

As more Japanese small- and medium-size enterprises (SMEs) seek to expand in Southeast Asia, banks in Singapore are eyeing lending opportunities. United Overseas Bank (UOB), for example, has reported a sizeable jump in deposit flows from Japanese clients. The bank has recently received approval from Japan’s Foreign Bank Agency Business to offer regional financial products and services in the country, and extend regional Foreign Direct Investment (FDI) advisory services to companies venturing out

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Shoppers' paradise lost? Singapore's malls suffer as locals, tourists curb spending

Singapore's reputation as a shoppers' paradise, which saw investors pour S$10 billion into retail developments here in the past five years, is taking a pummelling because of weakness in the local economy and a drop in spending by tourists

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Companies looking to adopt FinTech may soon have more leeway

It might be easier for financial institutions and other companies here to experiment with financial technology (FinTech) offerings in the future, with regulator Monetary Authority of Singapore (MAS) issuing guidelines for a regulatory sandbox for such services on Monday (May 6). The central bank said in its press release that while the fast-evolving FinTech landscape encourages financial institutions to test and introduce such innovations, there are circumstances where it is less clear whether the FinTech offering complies with regulatory requirements or poses unacceptable risks

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Crowdfunding craze: Gold rush all over again?

Higher returns are a big draw for small-time investors, but there's little recourse if things go wrong

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Noble Group chairman to step down; announces US$500m rights issue

Noble Group is raising US$500 million in a rights issue and its chairman plans to step down within 12 months - the latest in unexpected measures this week as Asia's largest commodity trader struggles with the fallout from an accounting dispute and weak markets. The resignation plans by Chairman Richard Elman, who is also Noble's founder and largest shareholder with a fifth of the company, come just days after its chief executive quit and the firm said it would sell a North American energy business, its crown jewel

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Tripartite delegation from Singapore to attend international labour conference

A tripartite delegation from Singapore will attend the 105th Session of the International Labour Conference in Geneva, Switzerland, the Ministry of Manpower said on Friday (Jun 3). Manpower Minister Lim Swee Say will lead the delegation, which includes Singapore National Employers Federation President Dr Robert Yap, National Trades Union Congress (NTUC) President Mary Liew, NTUC Deputy Secretary-General Heng Chee How, union representatives, employer representatives and officials from Manpower Ministry

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Panama Papers: Singapore authorities checking for breaches

The Inland Revenue Authority of Singapore is checking on the Singapore taxpayers identified in the leaked "Panama Papers" for any non-compliance with Singapore tax laws, regulators told The Straits Times on Wednesday. This comes as the Monetary Authority of Singapore and the Ministry of Finance detailed the actions of several agencies in the crackdown on the use of offshore firms for money laundering and tax evasion

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Four re-appointed to MAS board of directors

THE Monetary Authority of Singapore (MAS) has announced the re-appointment of four members to the MAS board of directors, with effect from June 1. Lim Hng Kiang, Minister for Trade and Industry (Trade), has been re-appointed as member and deputy chairman of the MAS board for a further term of three years. Meanwhile Lim Chee Onn, senior international adviser to the Ascendas-Singbridge Group, head of Civil Service and Permanent Secretary (Prime Minister's Office) (Strategy) Peter Ong Boon Kwee, and Prof Tan Chorh Chuan, president of National University of Singapore, have been re-appointed as members of the MAS Board for a further term of two years

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Banks, fintechs tie up to plug SME funding gaps

Collabrations between banks and fintechs could also play a big part in addressing the traditional gap in small company funding here

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NOL Group reports Q1 net loss of S$142m

NOL’s group president and CEO, Ng Yat Chung says worsening overcapacity of shipping tonnage has hit the industry, while freight rates are expected to remain weak. NOL Group has posted a first-quarter net loss after tax of US$105 million (S$142.7 million). Its first-quarter Core Earnings before Interest, Taxes and Non-Recurring Items was a loss of US$84 million, while Core Earnings before Interest, Taxes, Depreciation and Amortisation remained positive at US$18 million, it said in a press release on Friday (May 6)

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Fintech and the evolving landscape

Venture capitalists, private equity firms, corporates and a number of other players have poured an unprecedented amount of money into global financial technology (fintech) start-ups. More than $50 billion has been invested in almost 2,500 companies since 2010 as these innovators redefine the way in which we store, save, borrow, invest, move, spend and protect money

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Future Finance: Inside a Singapore Peer-to-Peer Lending Platform

Eyebrows were raised in March when Epicentre Holdings Limited, a reseller of Apple products, raised S$1.5 million on Singapore-based peer-to-peer (P2P) lending platform MoolahSense

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DBS ties up with P2P platforms to expand funding for small firms

DBS Bank is teaming up with two peer-to-peer (P2P) lending platforms to expand funding sources available to small businesses

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MAS 'must balance innovation and trust in fintech push'

The Monetary Authority of Singapore (MAS) must manage the tension between the need to allow innovation in finance and the need to preserve trust in its financial system as it pushes to develop the financial technology sector, said Deputy Prime Minister Tharman Shanmugaratnam

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New FinTech Office: A One-Stop Platform to Promote Singapore as a FinTech Hub

The Monetary Authority of Singapore (MAS) and the National Research Foundation (NRF) announced today that a FinTech Office will be set up on 3 May 2016 to serve as a one-stop virtual entity for all FinTech matters and to promote Singapore as a FinTech hub

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Singapore P2P online lending sector may see first loan default

SINGAPORE'S nascent peer-to-peer (P2P) lending sector may see its first loan default soon amid weak economic conditions, with at least one such online platform reporting a recent rise in "payment issues" during the Chinese New Year period

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Tomorrow’s Global Business: Raising Capital

Europe casts envious eyes at depth of UScapital markets and broad range of investmentstructures available

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UK peer-to-peer lending hit US$2b in 2014: trade body

Britain's peer-to-peer lenders lent more than 1.3 billion pounds (US$2 billion) during 2014, taking total lending by the industry to more than 2.1 billion, double what it was at the end of 2013

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The Way We Work

A new poll reveals the size of the peer-to-peer revolution

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Infographic: Fintech Singapore Ecosystem as of January 2016

Singapore, which started as an independent, separate country in 1965, quickly grew from being a tiny underdeveloped country to becoming one of the 20th century’s most successful development story

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An Introduction To Fintech

Fintech, an abbreviation for financial technology, is most certainly one of the hottest new trends in the digital age

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If You Lend, There Will be Defaults – Why AltFin Will Become More Like Banks

You can't automate B2B lending 100% just on API, human element will always remain...20 year veteran in lending

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It Feels Like 1999 All Over Again for Marketplace Lending

In some ways it feels like 1999 all over again in the fintech B2B lending world

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Would You Buy A Marketplace Lending Fund? First U.S. One In The Works, More Likely To Follow

When peer-to-peer lending started, it truly was peer-to-peer

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Goldman Sachs suggests larger role for Shadow Banks

In Goldman Sachs report, Future of Finance, the focus was on where new entrants and shadow banks were most likely to gain entrance

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Cracking the vault

The grip banks have over their customers is weakening

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Don’t get left behind as supply chain management moves forward

Supply chain management is developing rapidly. New and alternative payment methods are helping both buyers and sellers

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Can P2P Lending Reinvent Banking?

With their low operating costs, minimal regulatory constraints and data-driven models, marketplace lenders are giving borrowers easier access to credit, and answering the needs of yield-starved investors. Morgan Stanley Research looks at how this trend is playing out globally

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Electronic Invoice Marketplaces – To Sell or Not To Sell? Part I

This post on Electronic Invoice Marketplaces kicks off Trade Financing Matters six part series

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The alternative lending landscape

Loan-based alternative finance might be victim to sloppy definitions, but it is too significant to ignore

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Looking for a win-win solution to overcome the late payments challenge

It’s widely known that payments from large buyers can often be slow, and this can cause a significant pressure on SMBs’ working capital

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Understanding Alternative Finances

This large scale study examines the growth, trends and dynamics within the UK alternative finance sector, including crowdfunding and P2P lending

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Invoice finance helps visionary businesses see their future

Invoice financing is on the rise as an atlernative form of lending to small businesses

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