Mastercard partners with CredibleX to empower SMEs with enhanced access to financing
In a new collaboration, Mastercard's Small Business Credit Analytics ('SBCA') will now be integrated into CredibleX's embedded financing journey. This innovative partnership, the first utilization of this product in the region, provides CredibleX with enhanced data-driven insights based on anonymized and aggregated transaction data. It will empower small and medium enterprises (SMEs) by enhancing and simplifying their access to financing.
Small Business Credit Analytics, developed by Mastercard, provides lenders with robust, data-driven insights, with the consent of the business, to help assess the financial performance and retail sales of small businesses. SBCA metrics can provide valuable performance data that help to provide an enhanced ability to evaluate key questions around a small business's performance. This collaboration with CredibleX marks a significant milestone, helping to enable CredibleX to make more informed lending decisions, reduce underwriting time, and enhance risk management.
The impact of this partnership extends beyond improved credit access — it drives financial inclusion for SMEs across the UAE. Many small businesses face barriers to traditional financing due to limited credit history or lack of formal documentation. With the insights provided by SBCA metrics, CredibleX can rely on a more comprehensive evaluation of a business's financial health, helping SMEs to secure better loan terms and access higher credit amounts. This partnership empowers SMEs to unlock growth opportunities, contributing to the UAE's economic diversification goals and bolstering its position as a hub for innovation and entrepreneurship.
'This partnership with CredibleX underscores Mastercard's commitment to supporting the SME ecosystem in the UAE,' said Selin Bahadirli, EVP, Services, EEMEA, Mastercard. 'SBCA is a game-changer, offering unparalleled insights into small business performance. Together, we aim to empower SMEs with better credit access, improved loan terms, and enhanced opportunities for growth.'
'This partnership is a testament to our shared vision of enabling financial inclusion and innovation,' said Hassan Reda, Co-Founder and Chief Product Officer at CredibleX. 'By combining CredibleX's expertise in lending with Mastercard's advanced analytics, we are setting a new benchmark for data driven SME financing in the region.'
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Al Bawaba
a day ago
- Al Bawaba
Mastercard steps up fraud prevention efforts with launch of Account Intelligence Reissuance service in EEMEA
Mastercard has introduced Account Intelligence Reissuance, an advanced fraud prevention service to efficiently manage the card reissuance process, in the Eastern Europe, Middle East and Africa (EEMEA) region. The product leverages Mastercard's proprietary Artificial Intelligence (AI) technology and network purview to assess the level of risk associated with a card and provide AI-driven actionable recommendations about which cards need to be monitored or fraud costs card issuers and merchants billions of dollars each year. Issuers often sort primary account numbers (PANs) based on risk level and reissue their compromised cards to prevent further unauthorized transactions. This is costly and requires manual intervention. Mastercard Account Intelligence Reissuance streamlines and automates the process, stepping up fraud prevention efforts addressing both physical and digital card skimming. 'At Mastercard, we have developed a comprehensive portfolio of fraud products that offer valuable and advanced insights and data. We are delighted to expand our proposition with Account Intelligence Reissuance that goes one step further by allowing issuers to aggregate data, measure risk and prioritize the most compromised cards for reissuance. Powered by our world-class AI technology, this highly accurate solution will significantly enhance credit card fraud prevention and customer protection efforts across the industry,' said Selin Bahadirli, executive vice president, Services, EEMEA, the digital economy expands – and new fraud types emerge – Mastercard has continually evolved its innovative capabilities to protect customers and consumers at all stages of the payment lifecycle. Mastercard's Decision Intelligence capabilities help to protect its customers and cardholders from fraud across Mastercard's 159 billion transactions per year. GenAI enhancements to Mastercard's solutions have enabled issuers to assess account, purchase, merchant and device information faster, making it easier to detect fraud in real is also harnessing the power of AI through its Center for Advanced AI and Cyber Technology in Dubai, established in collaboration with the UAE's Artificial Intelligence, Digital Economy and Remote Work Applications Office. Drawing on the company's technical knowledge and expertise, the initiative aims to enhance AI capabilities and readiness in the region. The pioneering AI solutions developed at the Center are helping detect cyberattacks, data breaches and fraud, making the digital ecosystem safer for governments, banks, merchants and consumers. The solution is planned to be rolled out in Asia Pacific, North America and Latin America later this year.
Al Bawaba
6 days ago
- Al Bawaba
Mastercard and enza collaborate to enable fintech innovation across Africa
Mastercard and enza – a payment solutions company – have collaborated to connect fintech companies across Africa to the Mastercard network. This collaboration will enable fintech players to build propositions on the enza platform that serve both consumers and businesses with embedded Mastercard payment solutions to a report by the European Investment Bank, the number of fintech companies in Africa has nearly tripled since 2020. Many of these innovators focus on embedding payment services into broader solutions that tackle financial access, offering alternatives to legacy systems that often have a high cost to companies in Africa will now be able to easily access the full suite of Mastercard services. The collaboration aims to reduce complexity and speed up time to market for emerging players building digital financial solutions across the continent.'At Mastercard, we are focused on powering the fintech ecosystem by enabling access to our trusted global network. Through our work with enza, fintech innovators in Africa will be able to deploy embedded payment capabilities more efficiently – helping accelerate financial inclusion and the region's digital transformation,' said Mete Guney, executive vice president, Market Development, EEMEA, part of the agreement, enza will host consumer and merchant accounts, manage integration with Mastercard's network, and ensure high levels of security and system availability. Fintech companies can configure pre-paid or post-paid accounts, and issue physical or virtual Mastercard cards. For businesses, enza will enable acceptance of Mastercard payments across in-store, online and in-app channels.'enza is on a mission to make digital payments more accessible and affordable across Africa, helping to build a more financially inclusive continent that is ready and able to compete collaboration with Mastercard leverages our existing relationship to more effectively serve the fintech community. Together, we will provide innovators with a platform capability that means they do not need to build this aspect of their proposition and can get to market with greater speed and security,' said Andrew Key, Executive Director, enza. Founded in 2023, enza is headquartered in Abu Dhabi, with regional offices in Egypt, South Africa and Nigeria. The company's innovative payment infrastructure delivers the flexibility and agility needed to increase competitiveness, capitalize on new markets and develop new revenue streams through better serving consumer and business customers across Africa.
Al Bawaba
19-05-2025
- Al Bawaba
FAB first in MENA to adopt Oracle-Mastercard virtual card solution for B2B finance payments
First Abu Dhabi Bank (FAB), UAE's global bank and one of the world's largest and safest financial institutions, is the first bank in the Middle East and North Africa (MENA) to pilot an innovative embedded finance and payments solution developed in partnership with Oracle and Mastercard. This collaboration combines the strengths of the two industry leaders to revolutionize business-to-business (B2B) finance and payments processes for FAB clients, enhancing efficiency, security, financial transparency, and supplier integration of Mastercard's virtual card platform directly into Oracle Fusion Cloud Enterprise Resource Planning (ERP) software, addresses common challenges in commercial payments—such as fragmented data, systems, and processes—by delivering a seamless turnkey payment solution that eliminates the need for costly and time-consuming technology to the 2024 'Payment Practices Barometer', nearly 40% of businesses in the UAE highlight inefficient payment processes as the primary cause of delayed payments. Through this partnership, FAB's corporate customers will benefit from faster, more secure, and transparent payments. The virtual card solution automates manual tasks, streamlines workflows, and offers real-time insight into cash flow and spending, helping businesses enhance operational efficiency and reduce provides corporate clients with advanced and efficient tools to meet their evolving business needs. The partnership with Oracle and Mastercard reinforces FAB's commitment to being a future-ready bank, enabling regional businesses to optimise payment processes, streamline operations, and access a wider range of value-added banking the partnership, recently announced at the Oracle CloudWorld Tour Dubai conference, FAB aims to empower corporate clients with:Seamless payment automation: Streamlined payments directly within Oracle Fusion Cloud ERP, reducing manual entry and operational security: Secure payments with single-use card numbers, reducing fraud risk and enhancing the protection of sensitive financial financial management: Consolidated cash flow insights, with the ability to extend working capital, reduce costs and earn rebates. Enhanced supplier relationships: Faster, more reliable payments and simplified reconciliation for suppliers. Global reach: Simplified cross-border transactions in compliance with local regulations, backed by Mastercard's global network. Gina Petersen-Skyrme, SVP and Country Manager, UAE and Oman, Mastercard, stated, "In an increasingly fast paced environment, businesses of all kinds are turning to virtual cards to bring the ease, security, and efficiencies of digitization to their operations. At Mastercard, we are delighted to leverage our innovative virtual card platform to expand the benefits of embedded finance in Oracle Cloud ERP to FAB's commercial customers." Liam Nolan, Vice President of Applications Development at Oracle, commented, "This collaboration introduces a proven consumer payment method to the B2B world, simplifying supplier onboarding, reducing risk, and enhancing working capital management for both buyers and suppliers. Mutual customers can now streamline key finance and operational functions and enhance working capital management." © 2000 - 2025 Al Bawaba (
