<p><i>PNGX Markets, the PNG Digital ICT Cluster, and Emerging Venture Management (“Unkapt”) - together the proponents of the DEFINE Initiative – have signed a Memorandum of Understanding (“MOU”) with SVM Ventures LLC (“underwrite.ai”) of Boston, USA. Together they will develop a machine learning based credit risk assessment framework for specific use in PNG and the Pacific region. This framework will assist lending institutions to make lending decisions easier and faster for loans to micro, small and medium sized enterprises (MSMEs).</i></p>
<p><i>Women’s Micro Bank Limited, rebranded as the Mama Bank, the only financial institution in Papua New Guinea with an explicit focus on women, today signed a Memorandum of Understanding (MOU) with PNGX Markets, the PNG Digital ICT Cluster, and Emerging Venture Management (Unkapt) - together the proponents of the DEFINE Initiative. The MOU outlines areas of cooperation to deliver a number of DEFINE objectives, including new sources of funding to expand lending to women-led micro, small and medium sized enterprises (MSMEs).</i></p>
CEFI Signs MOU Supporting The DEFINE Initiative mondovisione.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mondovisione.com Daily Mail and Mail on Sunday newspapers.