Financial Statements Hold Key Business Insights for Different Decision Makers
Small Business, Financial Institutions Lia Francisco Small Business, Financial Institutions Lia Francisco

Financial Statements Hold Key Business Insights for Different Decision Makers

We looked into the importance of financial statements and financial data to small and medium enterprises, how they could harness insights from these records and use them to grow and thrive, even in the new normal.

Similar to the way that proper analysis of financial statements can immensely benefit businesses, banks and other financial institutions may glean insights to make data-driven decisions in lending, particularly in the evaluation of business loan applications.

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Fintech CreditBPO partners with RBAP to help rural banks stay competitive
Financial Institutions Lia Francisco Financial Institutions Lia Francisco

Fintech CreditBPO partners with RBAP to help rural banks stay competitive

Pioneering fintech rating solution CreditBPO and the Rural Bankers Association of the Philippines (RBAP) have jointly announced a partnership in a move that supports the industry’s digitization efforts. The partnership will help streamline RBAP members' credit risk management workflows through quick turnaround times with auto-generated financial condition rating and benchmarking reports, focusing on actionable insights for prospective Small and Medium (SME) loan applicants and current SME customers. This will encourage risk-based lending within the SME sector, reduce its members' overall cost of lending, improving regulatory compliance and competitiveness that will spur SME loan portfolio growth, all enabled by technology.

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