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Embedded finance is the next big thing in the financial services industry as it has integrated seamlessly into the local fintech landscape in recent years, experts said at a meeting last Friday in HCM City.
Embedded finance is the next big thing in the financial services industry as it has integrated seamlessly into the local fintech landscape in recent years, experts said at a meeting last Friday in HCM City.
Non-bank lending an emerging solution 13:35 | 15/12/2020
Non-bank lending an emerging solution - illustration photo
Jinchang Lai, Asia Pacific financial infrastructure lead at International Finance Corporation (IFC), noted that non-deposit-taking lenders (NDTLs) should offer great potential to grow the leasing industry in Vietnam â and with an enabling environment, it can be further improved. âPersonally, I know that there are private investors, both Vietnamese and foreign, who want to pour money into the leasing industry,â Lai said, adding that commercial NDTLs are currently missing from the Vietnamese market with the exception of a handful of financial leasing companies.
Non-deposit-taking finance companies are non-bank lending institutions that do not issue a prospectus or take deposits from the public. Funding for these institutions generally comes from wholesale financial markets or from parent companies.