HomeDIGITAL ASSETS REGULATORYsingapur_MASUNDP, MAS, and Collaborators Introduce Universal Trusted Credentials Project to Enhance MSME...

UNDP, MAS, and Collaborators Introduce Universal Trusted Credentials Project to Enhance MSME Financing

The UTC initiative aims to establish a structure for generating reliable credentials that assess the financial credibility of micro, small, and medium enterprises (MSMEs). This framework utilizes both conventional and non-traditional data sets to determine the worthiness of MSMEs for financing purposes. By incorporating a wide range of data sources, the UTC initiative provides a more comprehensive evaluation of an MSME’s financial standing, enabling lenders to make informed decisions regarding their financing options. This approach helps bridge the information gap and enhances the accessibility of funding for MSMEs, ultimately fostering their growth and development in the financial market.

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