Page 33 - Banking Finance January 2019

A

he Bas c enef t of f ntech MSM end n
or an S D on in ec MS en ing

techno o or f ntech ode s to e er e n the MS
end n s ace n nd a
MS an n s e to e the fourth ar est sector to e
n nd a the or d Ban rou has een su ort n n ech
d sru ted n ech n the ne t f ve ears after consu er
for MSM end n throu h the f nanc n and no ed e
an n a ents and nvest ent ea th ana e ent
artnersh th the S a ndustr es eve o ent Ban of
o a f ntech Surve re ort
nd a S B A recent sco n stud on ntech so ut ons
to su ort S B a ed re evant ode s and e st n
in ec MS en ing
fra e or s for MSM end n to see ho the a f t under
red t or end n s the second ost funded and one of the
S B s end n strate and rocesses nc ud n the des n
fastest ro n se ents n the nd an n ech s ace
of a s ec f c n ech roduct ro os t on focused on ear
n echs r ar rov de d ta end n atfor s and
sta e MSM s ntre reneurs
ena ers e a ternate cred t scorers and h te a e
serv ces h ch connect enders see n h her returns than
he stud e has es n ech so ut ons that ro ote fu
an s current offer th custo ers see n fast short
stac end n ode s u d n artnersh s th the e st n
ter oans
n ech co an es n nd a and ta n u the o c advocac
ro e for n ech co an es to ard the r strate c
he MS end n area s tness n ne n ech a ers
os t on n th sta eho ders
address n the structura ssues of nfor at on as etr
and reduc n turnaround t es for under r t n oans to
onc ion
s a us ness
resent n ech co an es have een rov d n s a
Recent an n ech startu s have des ned the r va ue
t c et oans and are focused on MSM s that have ted
ro os t on to cater to MS se ent rov d n oans and
cred t h stor and need for a fund n But th ncreas n
or n ca ta ased on nnovat ve rocesses for cred t
d t ed transact ona and f nanc a rocesses n echs
scor n r s assess ent and d s urse ent hese n ech e reach n to ore MS entre reneurs n co n da s
startu s have ade use of ne techno o es and d sru t ve n echs the r o n as e as n artnersh s th an s or
a roaches to co e u th su er or offer n s h s trend f nanc a nst tut ons e S B cou d e a a e chan er for
s e ected to cont nue throu h the co n ears th the MSM end n n nd a
nu er of outs ders cont nuous ncreas n
Re ere ces
ntech co an es are offer n so ut ons that can
v ntech n nd a Read for rea out u e o tte
su stant a rove eff c enc es at ever ste of the end n
v RB Annua Re ort
rocess ntech ode s can rov de end to end so ut ons for
the end n va ue cha n or fu stac end n ode s such v ntech rend Re orts nd a
as eer to eer end n ar et ace end n v ntech n nd a A o a ro th sort M
cro dfund n nvo ce ased f nanc n and so forth ASS M

AN N NAN | JANUARY | 2019 |