How they describe themselves: Advanced Merchant Payments (“AMP”) enables banks, merchant acquirers, and other institutional lenders to profitably offer short-term, unsecured, loans to under-served MSMEs based upon their electronically verifiable cash flow and other data points.
AMP’s proprietary platform leverages concepts and principles from microfinance, payment processing, and data analytics – together with more traditional loan underwriting principles – to support loan portfolios across countries, currencies, and banking systems.
In support of its bank solution, AMP itself currently serves as a licensed provider of unsecured small business loans in Hong Kong, Singapore, the Philippines, and the United Kingdom – with expansion into several other markets planned.
How they describe their product/innovation: 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.
Product Distribution Strategy: Through financial institutions.
Bus. Dev.: Thomas J. DeLuca, CEO, firstname.lastname@example.org, (o) +852 2541 3180, (m) +852 6162 6572 &
James Lloyd, Director of Product Management, email@example.com, (o) +852 2541 3180, (m) +852 5690 0619