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Banking & Finance

FE CREDIT named Best Consumer Finance Company, Southeast Asia

Released at: 07:42, 13/10/2018

FE CREDIT named Best Consumer Finance Company, Southeast Asia


Consumer finance service provider wins Global Business Outlook award.

by Khanh Chi

The VPBank Finance Company (FE CREDIT) was recently named “Best Consumer Finance Company, Southeast Asia 2018” by Global Business Outlook.

Global Business Outlook (GBO) is a prestigious publication in the UK. The Global Business Outlook Awards are held annually and aim to recognize and reward excellence in business of companies all over the globe, in both broad and niche sectors such as banking and finance, insurance, securities, real estate, technology, and others.

The Awards Committee voted based on comprehensive criteria such as business achievements, position and prestige of companies in the region, product-service development strategies, risk management strategies, and innovative technology that creates breakthrough benefits for customers.

According to GBO, FE CREDIT is highly ranked based on remarkable financial performance supported by innovative strategies and the application of fintech in its business model to improve the customer experience. In addition, FE CREDIT was applauded for upgrading its risk management system, transforming its payment process, and customizing products and services to serve the diverse needs of customers.

FE CREDIT’s innovative marketing strategies have also resulted in impressive business results and outstanding growth for the company, demonstrating strong leadership in delivering financial inclusion in Southeast Asia’s financial community.

“FE CREDIT has maintained a leading position with its mission to help millions of Vietnamese people solve their financial problems and thus improve their quality of life through our fast and easy lending experience,” said Mr. Kalidas Ghose, CEO of FE CREDIT.

“The Best Consumer Finance Company, Southeast 2018 award acknowledges our reputation in the market in many aspects, such as the full range of our products and services and highly efficient risk management framework supported by a superior customer service mechanism. To deliver this, we have implemented cutting edge technology platforms and developed a strong team of capable people drawn judiciously from a mix of local talent and overseas experience.”

FE CREDIT takes pride in having among the most modern and sophisticated technology architecture, integrating fast front-end customer channels with world-class core banking and card management systems.

In August, FE CREDIT introduced its revolutionary solution, a fully automated lending platform called “$NAP”, which is able to verify and on-board new customers within 15 minutes.

Moody’s Investors Service last month assigned a B2 corporate family rating (CFR) to FE CREDIT for the first time. The influential rating agency also assigned an outlook for the firm.

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