However, with rising default rates and digital fraud attempts, how should a financing company assess its risks when lending to SMEs in the Philippines? How do we bridge the gap between recognizing a client's business potential and identifying the risks of lending to them in order to establish a synergistic partnership? When you contextualize and tailor-fit your solutions to your clients, you are able to capture the whole image of your client's business. Rather than conservatism in lending, you are able to see the risks associated with your decisions and create the most risk-conscious decisions. As such, companies have to be smart about allowing considerations that may be outside the control of their client's business.

Source: Manila Times June 11, 2021 16:52 UTC