MHub with China’s Tongdun International partnered up to develop mortgage financing solutions
MHUB, a real estate Fintech Malaysian Company which focuses on the digital transformation of real estate sales, and Tongdun International located in Hangzhou, an intelligent risk management service provider, has signed a Memorandum of Understanding (MoU) to implement joint initiatives on improving customer experience in real estate mortgage financing solutions.
The partnership between MHub and Tongdun will connect the Malaysian company with China’s global innovation market, as well as enable two-way exchange on ways to advance innovations and security of the real estate FinTech sector. Areas of collaboration include the development of online identity verification (e-KYC), enhanced fraud detection, and joint modeling on alternative credit scoring.
Mhub’s main goal is to help more Malaysians have the opportunity to own their dream properties by simplifying the sales and purchase process and streamlining the mortgage financing process.
“Since Tongdun’s inception in 2013, we have been committed to improve credit risk management and anti-fraud measures with the use of artificial intelligence. Tongdun is trusted by more than 10,000 customers worldwide and accumulated a wealth of experience enabling customers in their digital transformation journey,” said Mr Jackal Ma, Tongdun’s Co-Founder and Partner.
MHub focuses on web-based solutions to simplify the selling to closing of the property process between bankers, purchasers, developers and real estate agents. Through the use of real-time data, MHub’s platform significantly reduces the turnaround time for credit checks and loan applications from months to mere minutes, drastically improving the process for everyone involved.
“Our customers’ privacy and security are vital when using our platform, hence the collaboration with Tongdun will empower us to pioneer cutting edge solutions in securing their investments,” said Mr Quek Wee Siong, Co-founder and Chief Executive Officer of MHub.
Tongdun has always been committed to building an integrity network to incorporate artificial intelligence into risk management to provide businesses with comprehensive intelligent risk control solutions to their customers.
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