KUALA LUMPUR, April 27 — Funding Societies, a peer-to-peer (P2P) financing platform, has taken a multi-pronged approach to further tighten its risk assessment processes to ensure investment by clients remain protected while continuing to support the underserved small and medium enterprises (SMEs)...
Monday, 27 Apr 2020 01:14 PM MYT
KUALA LUMPUR, April 27 — Funding Societies, a peer-to-peer financing platform, has taken a multi-pronged approach to further tighten its risk assessment processes to ensure investment by clients remain protected while continuing to support the underserved small and medium enterprises who are affected by the Covid-19 outbreak.
He said the platform is also revising industry focus and implementing shorter financing tenures, reviewing existing SMEs’ exposures and reducing concentration risk, where justified, following reduced business activities, as well as implementing monitoring and action plans for impacted SMEs.
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