Connect with us

News

MYbank Awarded 2019 Global SME Bank of the Year

gbafNews28

MYbank, a leading online private commercial bank in China and an Ant Financial brand that focuses on SME (small and mid-size enterprise) financing, was yesterday named a PLATINUM winner of the Global SME Bank of the Year award category at the Global SME Finance Forum Awards for leveraging innovative digital technology to make finance accessible for tens of millions of SMEs.

In 2015, MYbank pioneered the 310 model for SMEs, which has enabled financial institutions in China to leverage proprietary risk management technologies so they can provide collateral-free business loans to SMEs. Not only has it enabled access to capital for SMEs, but they can apply for a loan simply by using their mobile phone, highlighting the ease and convenience of the model. Furthermore, as the name suggests, 3-1-0 lending enables borrowers to complete their online loan applications in three minutes, obtain approval in one second and with zero human intervention.

We are very pleased to receive the recognition from IFC and the SME Finance Forum, commented Simon HU, Chairman of MYbank, In the age of the digital economy, digital finance can and should be used for the good of society. Our vision is to leverage digital technology and enable our financial partners to use the ˜310 model to empower traditional unbanked and underbanked SMEs such as roadside vendors, mom-and-pop stores, and small business operators who contribute significantly to job creation and the growth of the real economy.

On June 21, 2018, MYbank announced Star Plan which aimed to use technology to enable 1,000 financial institution partners to provide more cost-effective financing services to 30 million SMEs in China within a three-year period. As of September 2019, the 310 model has enabled MYbank and its over 400 financial institution partners to serve at least 20 million SMEs. Leveraging proprietary risk management technologies, MYbank helps keep the non-performing loan (NPL) ratio for the SME business loans offered through the 310 model at around 1%. As of June 2019, the size of each loan provided by MYbank was around RMB 10,000 (USD 1,400), reflecting the specific needs of SMEs, many of whom are roadside vendors, mom-and-pop shops and individual business operators with no more than five employees.

Simon HU added, As the Star Plan progresses, we look forward to increasing the inclusivity of financial services for SMEs by sharing our technologies with more financial institution partners in China and beyond.

Organized by IFC, a member of the World Bank Group, and the SME Finance Forum and endorsed by the G20s Global Partnership for Financial Inclusion (GPFI), the Global SME Finance Awards celebrate the outstanding achievements of financial institutions and fintech companies in delivering exceptional products and services to their SME clients.

Matthew Gamser, CEO of the SME Finance Forum said: We hope the winners of the Global SME Finance Awards will inspire SME financiers all over the world to learn from their good practices. The Awards provide the winners an opportunity to showcase good practices on the global stage and foster learning amongst their peers.

This years award winners were selected from a competitive pool of 144 applicants. A panel of independent judges chose the winners based on their Reach, Uniqueness and Innovation, Effectiveness and Impact, and Dynamism and Scalability.

About the SME Finance Forum

The SME Finance Forum works to expand access to finance for small and medium businesses. The Forum operates a global membership network that brings together financial institutions, technology companies, and development finance institutions to share knowledge, spur innovation, and promote the growth of SMEs. Established in 2012 by the G20 Global Partnership for Financial Inclusion, the SME Finance Forum is managed by IFC. For more information, visit https://www.smefinanceforum.org

About MYbank

With a focus on serving SMEs and farmers, MYbank was established on June 25th, 2015 and was among the first batch of pilot private commercial banks in China. It was also the first bank in China to establish its core banking system entirely on the cloud without any physical branches. As one of the brands under Ant Financial Services Group, MYbank leverages Alipays AI, computing and risk management technologies to improve customer service and increase efficiency. MYbanks efficient operating model enables its partner financial institutions to reduce costs.

Using a comprehensive AI-powered risk management system, which comprises of over 100 predicative models, 3,000 risk profiles and more than 100,000 metrics, MYbank calculates an appropriate line of credit for SMEs that minimizes the risk of excessive lending. As a result, the non-performing loan (NPL) ratio for MYbanks SME business loans has consistently been at around 1%. As of end of 2018, the average NPL for SME loans in China was 3.16%, according to the Peoples Bank of China.

For more details of the Star Plan, please refer to our official website: MYbank launches Star Plan to support 1,000 financial institutions to serve 30 million SMEs in the next three years

Media Inquiries

MYbank

Le SHEN

[email protected]

News

Daiya Healthcare Makes Big Waves in the Aloha State

gbafNews28

Daiya Healthcare, the nations leading provider group in Post-Acute and Long-Term Care Medicine, expanded operations to the Aloha State and has brought along a wave of significantly improved standards of medical care to the Garden Isle of Kauai. The group has brought clinicians specialized in Primary Care, Psychiatry, Palliative Care, and Pain Management to Hawaii. These clinicians provide a higher level of care to the patients they serve in Kauai and throughout the Hawaiian Islands.

Never before have post-acute and long-term care residents in Hawaii had access to primary and specialty care like this, says Brandi Hori-Moises, a Nursing Home Administrator at Regency Kauai Care Center. We have been trying for years to get this level of service for our states most vulnerable population, and the pandemic has taught us how important it is to have high-level medical care in Skilled Nursing Facilities, Brandi adds. Daiya Healthcare began providing services on the island of Kauai last month, and has already positively impacted the re-hospitalization rate for Regency Kauai Care Center. We need them everywhere, says Brandi. I hope to see them on all of the neighbor islands.

Daiya Healthcare expanded services to Hawaii earlier this summer. We are very fortunate to partner with Kauai Care Center and serve the treasured kupuna of Hawaii, says Daiya Healthcares Chief Strategy Officer, Michelle Thompson. The group is looking to greatly expand its program to provide similar services on The Big Island, Oahu, and Maui. Our unique offering is a proven model of success, bringing significant value to our patients and facility partners, commented Daiya Healthcares CEO, Bhupinder Walia. Dr. Walia adds, We are excited to revolutionize medical care in skilled nursing facilities throughout the Hawaiian islands, as we have successfully done on the mainland.

About Daiya Healthcare

Daiya Healthcare is a physician owned multi-specialty provider group offering unparalleled services in post-acute and long-term care centers. Based in Bellevue, Washington, Daiya Healthcare is the nations leader in post-acute and long-term care medicine. They currently serve in over 70 centers throughout Washington, Oregon, Idaho, Hawaii, New Mexico and California. Daiya Healthcare is based on a core value system of Integrity, Compassion, Diversity and Accountability, which is essential to providing an integrated care model to the communities and partners they serve. To learn more about Daiya Healthcare, please visit the company website at www.daiyahealthcare.com.

Michelle Thompson

(425) 410-9514

Continue Reading

News

Restoration Along Oregon’s John Day River at Longview Ranch

gbafNews28

Located along Central Oregons historic Route 19 in Kimberly, Longview Ranch maintains 30,000 stunning acres of diverse landscape. Eight miles of the John Day River flows through the middle of the property, which operates primarily for the purpose of raising grass-fed cattle.

For years, the spring runoffs of the John Day River flowed through the ranch, causing massive flooding along the banks. In an effort to combat this devastation and reestablish vegetation, Longview Ranch implemented a restoration project, including the introduction of a large number of trees and willows. The ranch remains committed to responsible, sustainable practices, and each year invests in the prevention of noxious weeds that could injure the land and its neighboring farms.

Longview Ranchs efforts along the John Day River have produced successful riparian zone restoration and the promotion of a rich, biodiverse habitat.

About Longview Ranch

Located along Central Oregons historic Route 19 in Kimberly, Longview Ranch maintains 30,000 stunning acres of diverse landscape. Eight miles of the John Day River flows through the middle of the property, which operates primarily for the purpose of raising grass-fed cattle. With three tributaries sharing annual steelhead runs, Longview Ranch also manages 25,000 acres of Bureau of Land Management (BLM) grazing grounds and 485 acres of irrigated hay producing land, which is home to 800 mother cows and 50 bulls.

Longview Ranch remains committed to responsible, sustainable land-use practices, and has completed a restoration project along the John Day River to reestablish vegetation. Each year, the property invests in the prevention of noxious weeds that could harm the land at Longview Ranch, as well as its neighboring farms. The ranch also partakes in best practices regarding wildlife, limiting hunting on property and ensuring elk herds have a refuge. Additionally, while the area is not known for large numbers of antelope, in thanks to the integrity of the property, more than 200 does and bucks can be found at Longview Ranch.

Longview Ranch has also has a rich history of giving back to its community, making annual donations to the Grant County 4-H and Union County Chapter of the Rocky Mountain Elk Foundation.

Katie Schoen, [email protected]

 

Continue Reading

News

Liquid Biopsy Market | COVID-19 Recovery and Growth Opportunities | Technavio

gbafNews28

The liquid biopsy market is poised to grow by USD 4.02 billion during 2020-2024, progressing at a CAGR of almost 38% during the forecast period.

The report on the liquid biopsy market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing funding for liquid biopsy.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Download Free Sample Report on COVID-19 Recovery Analysis

The liquid biopsy market analysis includes the technology segment and geographic landscapes. This study identifies the growing focus on personalized medicine for cancer care as one of the prime reasons driving the liquid biopsy market growth during the next few years.

This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.

The Liquid Biopsy Market covers the following areas:

Liquid Biopsy Market Sizing

Liquid Biopsy Market Forecast

Liquid Biopsy Market Analysis

Companies Mentioned

  • ANGLE Plc
  • Biocept Inc.
  • Bio-Techne Corp.
  • CIRCULOGENE
  • F. Hoffmann-La Roche Ltd.
  • Guardant Health Inc.
  • LungLife AI Inc.
  • Myriad Genetics Inc.
  • QIAGEN NV
  • SAGA Diagnostics AB

Key Topics Covered:

Executive Summary

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Technology

  • Market segments
  • Comparison by Technology
  • CTC and ctDNA – Market size and forecast 2019-2024
  • Exosome and RNA – Market size and forecast 2019-2024
  • Market opportunity by Technology

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America – Market size and forecast 2019-2024
  • Europe – Market size and forecast 2019-2024
  • Asia – Market size and forecast 2019-2024
  • ROW – Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • ANGLE Plc
  • Biocept Inc.
  • Bio-Techne Corp.
  • CIRCULOGENE
  • F. Hoffmann-La Roche Ltd.
  • Guardant Health Inc.
  • LungLife AI Inc.
  • Myriad Genetics Inc.
  • QIAGEN NV
  • SAGA Diagnostics AB

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email: [email protected]

Website: www.technavio.com/

Continue Reading
Editorial & Advertiser disclosureOur website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.
gbafNews28 gbafNews28
News5 hours ago

Daiya Healthcare Makes Big Waves in the Aloha State

Daiya Healthcare, the nations leading provider group in Post-Acute and Long-Term Care Medicine, expanded operations to the Aloha State and...

gbafNews28 gbafNews28
News6 hours ago

Restoration Along Oregon’s John Day River at Longview Ranch

Located along Central Oregons historic Route 19 in Kimberly, Longview Ranch maintains 30,000 stunning acres of diverse landscape. Eight miles...

gbafNews28 gbafNews28
News7 hours ago

Liquid Biopsy Market | COVID-19 Recovery and Growth Opportunities | Technavio

The liquid biopsy market is poised to grow by USD 4.02 billion during 2020-2024, progressing at a CAGR of almost...

gbafNews28 gbafNews28
News7 hours ago

Global dPCR Market- Featuring Avance Biosciences Inc., Becton, Dickinson and Co., and Bio-Rad Laboratories Inc. Among Others

The dPCR market is poised to grow by USD 518.69 million during 2020-2024, progressing at a CAGR of over 24%...

gbafNews28 gbafNews28
News7 hours ago

Potential Sunday/Oct. 25 PSPS Event: Forecasted Highest Winds and Driest Conditions of the Season Mean PG&E May Need to Proactively Turn Off Power for Safety to Approximately 466,000 Customers Across Northern and Central California

Pacific Gas and Electric Companys (PG&E) Emergency Operations Center, Meteorology team and Wildfire Safety Operations Center are working together and...

gbafNews28 gbafNews28
News8 hours ago

Global Phenolic Resin Market with Highlights on the Impact of COVID-19, 2020-2024 | Advantages of Phenolic Resins to Boost Market Growth | Technavio

The phenolic resin market is expected to grow by USD 4.56 billion during 2020-2024, according to Technavio. The report offers...

gbafNews28 gbafNews28
News8 hours ago

INVESTIGATION ALERT: The Schall Law Firm Announces It Is Investigating Claims Against Expedia Group, Inc. On Behalf of Former Investors in Liberty Expedia Holdings, Inc. and Encourages Investors with Losses to Contact the Firm

The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating potential securities claims on behalf...

gbafNews28 gbafNews28
News8 hours ago

Facial Recognition Market | Increasing Instances of Identity Theft to Boost the Market Growth | Technavio

The global facial recognition market size is poised to grow by USD 3.35 billion during 2020-2024, progressing at a CAGR...

gbafNews28 gbafNews28
News8 hours ago

IPHA LOSS NOTICE: Rosen Law Firm Announces Filing of Securities Class Action Lawsuit Against Innate Pharma S.A. – IPHA

Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of...

gbafNews28 gbafNews28
News8 hours ago

Analysis on New Product Launches in COVID-19 Related Markets: Disposable Hospital Supplies Market – Vendor Analysis and Growth Outlook for 2020-2024: Exclusive Report from Technavio

The disposable hospital supplies market is poised to grow by USD 39.06 billion during 2020-2024. The report on the disposable...