Lending
Salmon’s Super–Charged Journey in AI-Enabled Consumer Lending
Manila-based fintech Salmon has grown rapidly in its first year of operations. From launching its first point-of-sale lending product four months after inception, rolling out its proprietary app, and securing partnerships with leading retailers across the Philippines – the fintech
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BSP Retains Cap on Credit Card Transactions at 3% per Month
The Bangko Sentral ng Pilipinas (BSP) will be retaining the cap on credit card transactions at 3% per month or 36% per year. The maximum add-on rate on installment loans will also stay at 1% per month. Meanwhile, the maximum
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Atome Expands Debt Facility with HSBC Singapore to Include Philippines
Atome Financial and HSBC Singapore have renewed and expanded their debt facility agreement. The new agreement includes the Philippines market and new consumer financing products. This is an expansion of the original agreement in August 2022. Through this agreement, HSBC
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One Alliance Lending Taps FinScore to Speed up Loan Approvals for Filipino SMEs
Philippines fintech firm One Alliance Lending joins the growing number of local financial institutions to leverage FinScore’s alternative credit scoring to make loans more accessible to more Filipino SMEs. Powered by FinScore’s telco data and advanced analytics, One Alliance Lending
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GHL Expands SME Loan Offering to the Philippines
GHL Systems, a Malaysian payment service company in the ASEAN region, has launched its micro-lending offering in the Philippines to provide small and medium enterprises (SMEs) with funds to support their cash flow and business growth. The GHL SME Loan
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Filipino Fintech Salmon Raises US$20 Million Debt Facility
Filipino fintech Salmon announced that it has raised a US$ 20 million debt facility from U.S.-based emerging-markets specialist investment firm Argentem Creek Partners. This will enable Salmon to further scale its lending operations across the Philippines. Salmon will expand its
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Banks, Lenders Get More Insights on Loan Applicants with CrediView by FinScore
FinScore, a Philippines-based alternative credit scoring provider, has introduced its latest offering CrediView – an add-on to its telco credit score. Simulating a credit report, CrediView shows banks and lenders a borrower’s recent loan inquiries from over 40 financial institutions
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A Look at BSP’s Integrated Strategy To Boost Sustainable Finance
The Bangko Sentral ng Pilipinas (BSP) has embraced the responsibility of championing sustainability in the Philippine financial system. As a central bank, the BSP recognises the urgent need to address climate change and other environmental risks to safeguard price stability,
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BSP to Incentivise Sustainable Green Financing in the Philippines
The Bangko Sentral ng Pilipinas (BSP) intends to introduce further incentives to promote sustainable and green financing in the Philippines. These incentives, including an increased single borrower’s limit (SBL) and a zero reserve requirement rate, are part of the BSP’s
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FinScore Empowered Over 15 Million Underbanked Filipinos with Credit Scores
FinScore, a Philippines’ alternative credit scoring provider, has achieved a significant milestone by delivering 15 million total credit scores. This highlights the growing adoption of FinScore‘s services among banks and lending companies, as they strive to expand credit access for
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