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July 18, 2024 In a significant development med at expanding access to finance for small businesses worldwide, Jocataa premier player in global digital ling transformationshas become an esteemed member of the SME Finance Forum. This global network, comprising over 300 members and affiliates from 190 countries, is committed to knowledge exchange and innovation within the realm of small enterprise financing.
Qamar Saleem, the head of the SME Finance Forum, expressed his enthusiasm at welcoming Jocata to their community, emphasizing alignment with the organization's mission to foster impactful collaboration among experts in financial services.
Established as a digital ling transformation partner, Jocata powers more than 50 financial institutions across India, the Association of Southeast Asian Nations ASEAN, and the Middle East. They specialize in digital ling solutions leveraging credit automation, smart decision-making processes, and intelligent monitoring techniques using low-code, modular platforms that are specifically designed for retl, agriculture, and micro-, small- to medium-sized enterprise MSME sectors.
Jocata operates at the cutting edge of banking innovation by employing ML technology to develop proprietary scoringsuch as 'SME DNA' and 'Retl Persona Score'. Theseare designed to assess creditworthiness more efficiently for MSMEs and retl borrowers, enhancing underwriting decisions and contributing to data-driven policy frameworks for financial institutions.
In a pioneering move, Jocata collaborated with the State Information and Data Management Bureau SIDBI to launch India's first MSME-specific economic activity index named 'Jocata Sumpoorn'. This high-frequency indicator uses actual monthly sales data from credit-seeking MSMEs, enabling stakeholders including financial institutions, policymakers, and economists to make informed decisions regarding credit allocation and policy formulation for the sustnable growth of Indian MSME sectors.
For more information:
Website: https:www.jocata.com
LinkedIn: https:in.linkedin.comcompanyjocata
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Jocata Joins Global SME Finance Network Digital Lending Solutions Worldwide Expansion AI Driven Credit Scoring Models Innovation Enhanced MSME Financing with Advanced Tools Jocatas Role in Sustainable Business Growth International Collaboration for Small Enterprise Access