OCBC, Ant Int’t to deliver embedded financial services to Indonesian SMEs

They believe that it will benefit thousands of small businesses.

OCBC Indonesia has partnered with Ant International to deliver embedded financial services to small and medium enterprises (SMEs).

Under the strategic partnership, OCBC will make use of Ant International’s alternative-data modelling, credit strategy, and automated credit decision capabilities to offer “differentiated services to SMEs” within digital ecosystems, according to a press release.

Both companies believe that their partnership will benefit thousands of small businesses in Indonesia over the next few years.