Amidst rising costs of living and declining financial security in Asia, more people find themselves struggling to make ends meet. Because of this, a majority of the Asian population opt to make use of credits and loans. However, access to these financial tools remains a challenge.  In addition, applying for loans in most countries across Asia is tedious work and involves a lot of manpower and processes. Recognising the need for quick cash and the challenges posed by lengthy processing times, Singapore-based fintech start-up Smile API has introduced a platform that accelerates the employment verification process using artificial intelligence (AI). https://sbr.com.sg/financial-services/exclusive/fintech-start-accelerates-loan-approval-process-financial-inclusion (ICE SINGAPORE)

Fonte notizia: Singapore Business Review, 23 May 2024