Transforming HR Processes through Technology in the Philippines
Smile’s insights on this paper offer a comprehensive overview of the power of technology in HR.
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Best Practices in Lending
When it comes to lending, there are several best practices that can help ensure a smooth and successful transaction. These include thoroughly evaluating the creditworthiness of potential borrowers, clearly communicating loan terms and conditions, and properly managing and overseeing the loan to minimize the risk of default. By following some of these best practices, you can ensure that your organization is not only compliant with lending regulations, but also that you are making sound financial decisions.
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How APIs Enable Financial Inclusion
APIs are changing the way people interact with the world around them. APIs are one of the driving forces behind what is known as "open banking" or "open finance", a movement to make financial data more accessible so that people can make better-informed decisions about their money.
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How Smile closes the generational gap by mitigating credit risk
To mitigate credit risk, financial institutions can employ strategies where they can evaluate the creditworthiness of potential borrowers. This can be through extensive background checks and financial analysis, diversifying their loan portfolios by minimizing overexposure to any borrower or type of asset class, and establishing sufficient recovery mechanisms to cover any losses incurred.
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Why APIs bring win-win solutions to challenges in the blooming Philippines freelance market
Smile API, as the one trusted source of employment and income data in Asia, offers a win-win solution to the crucial challenges freelancers, gig workers, businesses, and financial institutions face in the gig economy.
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Investing in the Future of Finance: What Smile Contributes and Will Contribute to the FinTech Industry
Smile operates specifically as an invisible bridge between borrowers and lenders. It offers an API that makes it easier for borrowers to supply relevant information when requesting loan approvals, as traditional credit scoring may be difficult for lenders.
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What makes a trustworthy lender? A Guide for Emerging Digital Lending Apps
You need to know what qualities your customers are looking for, and most likely, it is a safe and reliable lender worth borrowing money from. More specifically, you need to be credible enough, beneficial more than stressful, and operate legally.
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Out with the old, in with the new: the effect of digitizing the KYC process
Smile’s API taps into employment data sources for KYC. Connecting online banks and lending applications directly to government institutions, HR systems, and gig economy platforms can make it convenient for borrowers to give access to their data and for loan operations specialists to fast-track loan application verification.
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How Smile API helps lenders comply with PH regulations via user-authorized, recent, and verified employment data
With just one user-authorized click, Smile API can give lenders access to the borrower’s verified and most recent employment data. Through Smile API, lenders can save time and verify borrower income data for faster loan approvals. This, in turn, can help lenders process more applications in one day (or even in seconds!) compared to the limited number they process without Smile.
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What is Embedded Finance and How Will it Revolutionize Financial Services in the Philippines?
One of the biggest benefits of embedded finance is that it can help businesses expand their reach and reduce costs. This is particularly important in countries like the Philippines, which are struggling with high levels of poverty and inequality.
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