Mumbai-based platform raises $36m for geographic expansion, and get a "skin in the game" lending license.
The virtual bank is testing ways to get more cash to small businesses with a mix of rebates and consolidation.
Dennis Khoo, head of digital at the Singapore bank, explains the strategy behind the ASEAN rollout.
Leading fintech credit platforms in the U.S. are grappling with changing market conditions.
The introduction of Baihang represents an attempt to create a FICO-like entity, and challenges internet finance models.
The company’s FIC Network is designed to use blockchain tech to originate and distributed fixed-income securities in new ways.