Southeast Asia Credit and Risk Management Market Share

Market Share of Southeast Asia Credit and Risk Management Industry

The Southeast Asia credit and risk management market is moderately fragmented as vendors in the market have partnered with many AI-based startups in the SEA region to increase their capabilities in providing credit and risk management solutions to BFSIs, making the market competitive.

• February 2023: Baiduri Bank, a prominent supplier of financial services in Brunei, teamed with AI FinTech finbots.ai, a Singapore-based company, to modernize its credit risk management capabilities as part of an initiative to transition core banking to a cloud-based SaaS model.
• September 2022: The consumer intelligence and risk assessment firm Bizbaz in Singapore received USD 4 million in a seed round headed by HSBC Asset Management, the investment division of the British HSBC Group. Banks, insurance firms, and find startups-ups may benefit from Bizbaz's consumer intelligence and risk management solutions. The companies are attempting to attract or onboard new consumers through such investments, which are anticipated to drive market growth through adopting these solutions.

Southeast Asia Credit and Risk Management Market Leaders

1. SAS Institute Inc.

2. IBM Corporation

3. Oracle Corporation

4. SAP SE

5. Experian Information Solutions Inc.

*Disclaimer: Major Players sorted in no particular order