
Lending
UNO Digital Bank Taps Trusting Social for AI-Powered Credit Scoring
Philippines’ UNO Digital Bank announced that it has formed a partnership with AI-powered credit scoring platform Trusting Social. Through this partnership, UNO will leverage Trusting Social’s expertise for customer onboarding solutions including credit scoring. Trusting Social’s big data scoring technology
Read MoreTonik Set to Offer Payroll-Enabled Financial Services With TendoPay Acquisition
Tonik Financial, the parent company of digital bank Tonik, announced that it has inked an agreement to acquire the Philippines’ business of fintech firm Tendo Payment Solutions for an undisclosed sum. The deal is subject to the approval of relevant
Read MoreCiti Loans US$20 Million to ASA Philippines to Support Women-Led MSMEs
The ASA Philippines Foundation, a non-profit prganisation, secured a US$20 million loan (over PHP 1 billion) from Citi Philippines to provide financial assistance to low-income women for entrepreneurial ventures in the country. This loan aims to support nearly 70,000 female
Read More3 Ways Machine Learning Can Enhance Your Lending Process
A vast majority of the populations in the emerging markets of Southeast Asia, Latin America, and India are at the cusp of financial inclusion, thanks to the growing availability and adoption of digital lending services. The fintech-as-a-service market is predicted
Read MoreNetbank Partners With Zetl to Offer Loans for Filipino SMEs
Netbank, a neobank that offers Banking-as-a-Service solutions, has partnered with APAC lender Zetl to provide financing for small and medium-sized enterprises (SMEs) in the Philippines. Under this partnership, Zetl will identify ‘asset light’ SMEs with a regular and guaranteed income
Read MoreGCash Disbursed PHP 40 Billion in Loans to More Than 1 Million Users
Philippines’ mobile wallet GCash announced that it has disbursed more than PHP 40 billion worth of loans as it expanded to more relevant lending products. Taking into account its lending offerings GCredit, GLoan and GGives, GCash has logged one million
Read MoreBNPL Platform BillEase Raises US$20M Debt Facility from Singapore’s Helicap Securities
Consumer finance app BillEase has closed an up to US$20 million debt facility arranged by Singapore-based Helicap Securities, bringing the total raised by the lending platform to US$55 million in debt and equity. The company previously raised US$11 million in
Read MoreWhy Disconnected Data Sources Mean Lenders Are Missing the Big Picture
Traditionally, core banking systems have been regarded as a lender’s main database. While many banks rely on this core banking database, they also administer a range of other databases covering other aspects of the business. These independent data sources are
Read MoreHome Credit Philippines Expands Its Reach to Include More Sectors
Consumer finance company Home Credit Philippines (HCPH) announced that it has further expanded its services to several sectors to bring Filipinos closer to the lifestyle they want. Home Credit said that it will continue to find more opportunities to expand
Read MoreAtome Partners With Mastercard to Roll Out New BNPL Card for Filipinos
Buy Now, Pay Later firm Atome announced that it has partnered with Mastercard to roll out its Atome Card in the Philippines that can be used to pay online and in-store retailers. Consumers in the Philippines can register their interest for
Read More