Credit scoring model for small businesses launched | Inquirer Business

The Bangko Sentral ng Pilipinas (BSP) and the Japan International Cooperation Agency (Jica) have jointly launched the Credit Risk Database Scoring Model to help lenders better assess the creditworthiness of small and medium enterprise borrowers, including those without credit history or adequate collateral. According to BSP Governor Felipe Medalla, this latest tool for banks was intended to bridge the funding gap for micro, small and medium enterprises (MSMEs) while enhancing the credit risk management of financial institutions using a data-dri ...

Sy family’s Gentree invests in health insurance startup | Inquirer Business

Digital health insurance startup Hive Health has raised $6.5 million in a financing round led by Sy family-backed Gentree Fund, allowing it to expand its network of health-care providers and cover more small and medium enterprises (SMEs). “The fresh funds will help us grow our superstar mission-driven team, and invest in our technology platform and operations to further elevate the patient and employer experience,” Hive Health’s chief executive and cofounder Camille Ang said in a statement. ...

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