By introducing its cutting-edge business credit and underwriting solution, Decentro, India's top API banking and financial infrastructure platform, said today that it is expanding its footprint in Southeast Asia. This effort, which is driven by collaboration with DigiAlly, a Singapore-based company, provides real-time corporate financial intelligence to the ASEAN area. This is a first for the industry and will allow for more creative financing, risk assessment, and cross-border financial operations.
Access to financing and intelligent underwriting has become essential for fintechs and SMEs alike as Southeast Asia's digital economy picks up speed. With ASEAN countries accounting for a sizable amount of the total, the Asian Development Bank projects that the SME credit gap in Asia is over $2.1 trillion. However, many financial institutions continue to use antiquated verification and underwriting procedures, which exposes them to fraud and slows credit access, even in the face of fast fintech innovation. The need for real-time business information is evident given that 1 in 5 fraud cases currently involve synthetic identities (Experian, 2023). Institutions run the danger of lagging behind and missing out on the next wave of fintech-led growth if they do not have a contemporary, data-driven infrastructure.
Decentro's expanded stack now comprises a full business credit infrastructure that supports invoice factoring, cross-border trade, and SME financing, building on its strong consumer credit APIs and SaaS architecture. Fintech platforms and financial institutions in the ASEAN area may now receive trade data, corporate financial reports, and verification insights through a single integration. This information is available both in real-time and in a single, comprehensive PDF report.
Commenting on the milestone, Rohit Taneja, Co-founder & CEO of Decentro, said, "At Decentro, we've always believed that the future of fintech is borderless, intelligent, and deeply integrated. Our expansion into Southeast Asia with a strong partner like DigiAlly allows us to power the next generation of business underwriting and credit access—making real-time KYB and financial data accessible at scale. Whether a large unit in Jakarta or a cross-border lender in Manila, the infrastructure to assess risk and unlock growth is now just an API away."
"Our collaboration with Decentro brings together the best of infrastructure and intelligence. With our credit and trade data combined with Decentro's platform-first approach, we're making real-time, AI-powered business insights available to financial players across Southeast Asia. This is a step forward for financial inclusion, risk transparency, and smart credit enablement," Shrikant Patil, CEO of DigiAlly, said.
