SINGAPORE (Mar 23): United Overseas Bank (UOB) has created a data analytics-powered credit underwriting engine that will improve credit underwriting for small businesses across Southeast Asia.

The credit underwriting engine will cut both the turnaround time and the number of steps involved in a small business loan application by more than half.

This system harnesses the bank’s existing sources of information with new pools of data, such as those relating to the company’s day-to-day operations, and applies analytics to gain deeper insights into the credit behaviour of small businesses.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook