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The DEFINE Initiative Signs MOU With Underwrite.ai To Explore Machine Learning Based Credit Risk Assessment For MSMEs To Improve Access To Funding

<p><i>PNGX Markets, the PNG Digital ICT Cluster, and Emerging Venture Management (&ldquo;Unkapt&rdquo;) - together the proponents of the DEFINE Initiative &ndash; have signed a Memorandum of Understanding (&ldquo;MOU&rdquo;) with SVM Ventures LLC (&ldquo;underwrite.ai&rdquo;) of Boston, USA. Together they will develop a machine learning based credit risk assessment framework for specific use in PNG and the Pacific region.&nbsp; 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> ....

United States , Papua New Guinea , David Lawrence , Marc Stein , Priscilla Kevin , Bond Program , Sustainable Development Goals , Emerging Venture Management , Papua New , Microfinance Collective , Vice President International ,

Mama Bank Signs MOU Supporting The DEFINE Initiative

<p><i>Women&rsquo;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.&nbsp; 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> ....

Papua New Guinea , David Lawrence , Ricky Mitio , Gunanidhi Das , Mama Bank , Bond Program , Sustainable Development Goals , Women Micro Bank , Micro Bank Limited , Emerging Venture Management , Microfinance Collective Bond , Papua New , Mama Bank Chairman Mr Ricky Mitio , Chief Executive Officer ,