10th August 2017 Church News.
Fuse, the lending arm of Filipino financial technology firm Mynt, has chosen Mambu, an SaaS banking engine, to power its consumer and business lending products. Mynt aims to increase access to financial services through mobile money, micro-loans and technology by leveraging the mobile and store networks of its partners and parent company. Mynt, which is owned by Globe Telecoms, launched its lending business, Fuse, in 2016 to address the credit vacuum in the Philippines. Micro, small and medium enterprises (MSMEs), which account for 99.6 per cent percent of total registered companies in the country, as well as individuals face significant difficulty in accessing credit from incumbents due to stringent credit decisioning, limited authentication documentation and lack of collateral.
