HomeDIGITAL ASSETS REGULATORYsingapur_MASUNDP, MAS, and Collaborators Introduce Universal Trusted Credentials Program to Support MSME...

UNDP, MAS, and Collaborators Introduce Universal Trusted Credentials Program to Support MSME Financing

The UTC initiative aims to establish a standardized framework for determining the financial credibility of micro, small, and medium enterprises (MSMEs). This framework would rely on a combination of traditional and alternative data sets to assess an MSME’s financing worthiness. By incorporating both traditional financial data and non-traditional sources of information, such as social media activity or online reviews, the UTC initiative seeks to provide a comprehensive evaluation of an MSME’s creditworthiness. This approach would enable lenders and financial institutions to make more informed decisions when providing financing options to MSMEs, ultimately promoting greater access to capital for these businesses.

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