Lending
Fintech Alliance.PH Appoints Chairman of Financing and Lending Committee
Fintech Alliance.PH, the country’s largest association of fintech and digital players, has appointed Zdenek Jankovsky as the committee chairman for financing and lending. He is the Executive Director and Treasurer at Home Credit Philippines (HCPH). Through his expertise, Jankovsky will
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10 Fintechs That Are Transforming SME Lending
Small and medium enterprises (SMEs) are innovative, agile and drive competition. However, they’re often shuffled to the back of the line when it comes to accessing credit. Lending to SMEs can be risky and time-consuming. Traditional financial institutions often require
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Fintech Startup Salmon Launches Point-Of-Sale Loan Product in the Philippines
Fintech startup Salmon announced that it has launched its first offering in the Philippines which is a point-of-sale (POS) loan product. Filipinos will be able to shop for a variety of home products while deferring payment for their purchases over
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BillEase Partners Alipay+ to Offer BNPL Payment Option for Filipinos
Consumer finance app BillEase has partnered with Ant Group’s Alipay+ to enable the buy now, pay later (BNPL) payment option for Filipinos when the shop at global brands online. BillEase’s over 2,000 merchant partners can now offer their shoppers three
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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
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Tonik 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
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Citi 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
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3 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
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Netbank 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
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GCash 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
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