Enhancing MSME Credit Access in Emerging Markets through Open Banking: Evidence from Cash-Flow Based Lending

Dewi ; Adelia Riana ; Ragasari ; Dia
Jurnal Ilmiah multidisiplin 📅 2025 Vol 4, No 03 🔗 DOI: 10.56127/jukim.v4i03.2246
Abstract
This study investigates the impact of Open Banking adoption on micro, small, and medium enterprise (MSME) credit access in emerging economies, with a specific focus on cash-flow based lending enabled through account aggregation APIs. Utilizing panel data of 150 MSMEs that applied for bank or fintech credit between 2022 and 2024, we employ fixed-effects regression to examine how the API Adoption Index and Cash-Flow Completeness Score influence approval rate, time-to-decision (“time-to-yes”), and non-performing loan (NPL) ratios. Results indicate that a 10 % increase in the API Adoption Index is associated with a 4.2 % rise in approval rate (p < 0.01), a 35 % reduction in time-to-yes, and a 1.8 percentage point reduction in NPL. These findings fill a critical gap in literature by providing empirical evidence specific to emerging-market MSMEs and highlight policy implications for regulators and financial institutions aiming to boost inclusive lending through data sharing frameworks.
Keywords
Open Banking; MSME; Cash-Flow Based Lending; Approval Rate; NPL; Emerging Markets
How to Cite

Dewi, et al. (2025). Enhancing MSME Credit Access in Emerging Markets through Open Banking: Evidence from Cash-Flow Based Lending. Jurnal Ilmiah multidisiplin, 4(03). https://doi.org/10.56127/jukim.v4i03.2246

Dewi, Adelia Riana; Ragasari, Dia, "Enhancing MSME Credit Access in Emerging Markets through Open Banking: Evidence from Cash-Flow Based Lending," Jurnal Ilmiah multidisiplin, vol. 4, no. 03, 2025.

Dewi, Adelia Riana; Ragasari, Dia. "Enhancing MSME Credit Access in Emerging Markets through Open Banking: Evidence from Cash-Flow Based Lending." Jurnal Ilmiah multidisiplin, vol. 4, no. 03, 2025.

Dewi, Adelia Riana; Ragasari, Dia. "Enhancing MSME Credit Access in Emerging Markets through Open Banking: Evidence from Cash-Flow Based Lending." Jurnal Ilmiah multidisiplin 4, no. 03 (2025).

Dewi, et al. (2025) 'Enhancing MSME Credit Access in Emerging Markets through Open Banking: Evidence from Cash-Flow Based Lending', Jurnal Ilmiah multidisiplin, 4(03). doi: 10.56127/jukim.v4i03.2246.

Dewi, Adelia Riana; Ragasari, Dia. Enhancing MSME Credit Access in Emerging Markets through Open Banking: Evidence from Cash-Flow Based Lending. Jurnal Ilmiah multidisiplin. 2025;4(03).

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