Lending
FinScore Inks Partnership With UnionBank for Data-Driven Credit Scoring
UnionBank has signed a partnership agreement with FinScore, an alternative credit scoring company that is powered by telco data and advanced analytics, aiming to promote market efficiencies and expand the access of Filipinos to a broad range of financial services.
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Provenir Links up With FinScore for AI-Powered Credit Decisioning
Provenir, risk decisioning and data analytics software provider, announced a new data integration partnership with FinScore, an alternative credit scoring company in the Philippines that uses proprietary AI and machine learning technology in its predictive models to help financial institutions
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BillEase Integrates Buy Now, Pay Later Solution With Leading E-Commerce Platforms
Philippines startup First Digital Finance Corporation (FDFC), announced its partnership with prominent e-commerce platforms Shopify, Magento, Prestashop, and WooCommerce to bring BillEase which is its “Buy Now, Pay Later” (BNPL) solution to online retailers in the Philippines. Merchants that use
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SEC Urges the Central Bank to Consider Capping Consumer and Payday Loans Next
The Securities and Exchange Commission (SEC) has hailed the central bank’s move to cap charges on credit card transactions, raising its hopes that similar limits will soon apply to consumer and payday loans offered by lending and financing companies. On
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Lending App Venio Extends Its Reach Nationwide Across the Philippines
Venio, “nano-credit” lending app, has expanded its services nationwide across the Philippines on the back of metro launches across Mega Manila, Cebu and Davao. Venio has also continued its local convenience store and merchant acquisitions into six new municipalities within
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BPI Family Savings Bank Optimistic Lending Activities Will Pick up Pace Post-ECQ
BPI Family Savings Bank is optimistic that its first variable amortisation loan programme called Step Up PayPlan will pick up pace, noting that lending activities have improved after the lockdown period. In a virtual launch on Wednesday, BPI Family Bank
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Home Credit Ties up With RCBC’s DiskarTech App to Disburse Cash Loans
Rizal Commercial Banking Corporation’s (RCBC) DiskarTech has tied up with taps Home Credit to allow its users to have their cash loans disbursed straight into the former’s digital savings accounts. This interest-bearing basic deposit account earns a competitive 3.25% profit
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Skype Co-Founder Bags US$ 20 Million to Push Fintech Lending in the Philippines
Oriente, the technology and data science company creating opportunity through financial access for Southeast Asia, announced today that it has secured a US$20 million debt funding facility from Silverhorn Group, a leading Hong Kong-based multi-asset investment firm. The facility, which
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Philippines Cracks Down on Online Lenders
Philippines’ Securities and Exchange Commission issued a statement prohibiting another batch of 13 online lending operators from further engaging in lending activities. The regulator issued an immediate cease and desist to the owners and operators from promoting and facilitating unauthorised
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Philippines’ Regulators Voice Support for Industry Driven TechnoEthics for Digital Lending
Members of FinTechAlliance.ph, an organization of fintech and digital firms have agreed to institutionalize an industry-wide code of ethics and adopt a code of conduct among its Alliance member-companies for responsible online lending. This comes after three online lenders were
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