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Advanced Merchant Payments’ Small Business Lending Solution Bridges the Gap Between Retail Banking and Business Banking

This post is part of our live coverage of FinovateEurope 2014.

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Advanced Merchant Payments started off the final session of the day with its small business lending solution:
“AMP’s small business lending solution offers an efficient and scalable means by which banks can readily originate and manage a broad portfolio of small business loans. AMP solves the problem of “the missing middle”: small businesses with one or more bank accounts for which neither consumer nor traditional SME loan products are suitable.
AMP’s platform utilizes existing communication methods to bridge the divide between the Retail Banking and Business Banking activities of a bank – without the costs and difficulties inherent in formal bank system integration.
AMP can manage all or some stages of the loan process: from Qualification to Verification, Credit Scoring, Approval, Disbursement, Daily Repayment & Risk Monitoring, through to Completion.”
Presenting Thomas DeLuca (CEO) and James Lloyd (Director of Product Management)

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Product Launch: February 2014
Metrics: 40 months of successful loan history supporting micro-, small-, and medium-sized enterprises (MSMEs) in both developed and emerging markets; representing approximately 100,000 loan days and 65,000 repayment events.
Product distribution strategy: Through financial institutions.
HQ: Hong Kong, China
Founded: April 2009
Twitter: @AdvancedPay