Webinar: Tapping into Fintech and AI Solutions to Better Serve SMEs
20 February 2025
gWFX held a knowledge sharing session highlighting solutions and lessons from a recent Fintech Innovation Challenge focusing on Southeast Asia. The challenge explored how financial institutions can leverage technology solutions to successfully enable small businesses, including women entrepreneurs, to access finance more easily. The event featured an overview of the solution provided by the winning fintech company, Planto. Planto delivers AI-powered financial insights and cashflow analysis for SMEs to produce real-time forecasts and support credit decision-making. In partnership with ADB’s IT Department and the High-Level Technology Fund, gWFX has successfully completed three challenges. Watch the recording below.
Key takeaways:
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Planto's AI-powered platform enables SMEs with financial management tools and provides credit insights to financial institutions, improving access to finance for small businesses.
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The solution offers real-time financial analytics and insights to SME owners, helping them better understand and manage their business finances.
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The platform uses SME’s bank statements, alternative data sources and AI to generate credit insights, enabling financial institutions to make faster and more informed lending decisions for SMEs.
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The platform incorporates ESG analytics, particularly carbon footprint estimation, to help prepare SME owners for future regulatory requirements and potential green lending opportunities. While not directly linked to loans yet, this feature aims to increase awareness and readiness for upcoming sustainability reporting mandates.