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New SME loan enables brokers to set price


New SME loan enables brokers to set price
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SME lender Capify has launched a new business loan that enables brokers to “select” the rate price for their business client.
The fintech lender has released a solution for brokers that enables them to select the rate that the business loan will carry.
The offering, available to broker channel partners, enables them to compare their business client against a rate table and select the rate.
After identifying the risk category of the business (based on credit score and time in business), Capify said that brokers can then see the rates for the three-12 month loan terms and select an appropriate rate. ....

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AMMB : Malaysia's ex-PM Najib starts appeal against 1MDB-linked conviction, jail sentence


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KUALA LUMPUR (Reuters) - Malaysia s Court of Appeal on Monday began hearing a bid by former Prime Minister Najib Razak to set aside his conviction on corruption charges in a case linked to a multi-billion dollar scandal at state fund 1MDB.
Najib, who was voted out in a historic 2018 election, faces several trials over allegations that $4.5 billion was stolen from 1Malaysia Development Berhad (1MDB), a state fund he co-founded in 2009. He has plead not guilty to all charges.
Last year, Najib was sentenced to 12 years in jail and a $50 million fine after being found guilty of criminal breach of trust, abuse of power and money laundering for illegally receiving about $10 million from SRC International, a former 1MDB unit. ....

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