Maybank, CGC announce additional tranche of RM500mil under the SME Digital Financing scheme

From left: Maybank president and CEO Datuk Khairussaleh Ramli, Maybank Community Financial Services group CEO Datuk John Chong, CGC chief business officer Sean Tan and CGC president and CEO Datuk Mohd Zamree Mohd Ishak.

KUALA LUMPUR: Malayan Banking Bhd (Maybank) and Credit Guarantee Corporation Bhd (CGC) have launch the first-of-its-kind direct application programming interface (API) platform for SME Digital Financing.

This integration effects faster CGC guarantee approval process through real-time approvals, empowering the small and medium enterprises (SMEs) with instant access to cash upon loan acceptance.