Lending
SB Finance Taps Finscore’s Telco Data-Powered Credit Scoring Solution
Consumer lending company SB Finance has partnered with FinScore to enhance its credit scoring efforts using alternative data. Security Bank Corporation and Bank of Ayudhya (Krungsri) in Thailand had previously entered a strategic partnership to form SB Finance which provides
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Philippines Must Not Overlook Fraud Prevention in It’s Financial Inclusion Journey
Digital technologies and online platforms can help emerging markets advance financial inclusion by providing banking services to Gen Z’s, low-income households, and small businesses with typically little to no access to traditional financial institutions. But while unbanked populations can benefit
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Netbank Partners Three Alternative Lenders to Expand Its Lending Operations
Philippines neobank Netbank has formed partnerships with 3 alternative lenders; Global Mobility Services (GMS), New Cross Credit Gate PH Inc. (Uploan) and Inclusive Financial Technologies, Inc. (Blend PH). This move will allow these lenders to expand their lending without needing
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Netbank Ties up With Indonesia’s Investree of Offer SME Loans to Filipinos
Banking as a service platform Netbank has partnered with Indonesian SME lender Investree to expand loan offerings to SMEs in the Philippines. Investree Philippines aims to address the largely underserved US$200+ billion MSME credit gap in the Philippines by connecting
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Australian BNPL Firm Zip Drives Expansion in South East Asia With Investment in TendoPay
Australian Buy Now, Pay Later (BNPL) company Zip Co has furthered its global expansion, announcing a strategic investment in TendoPay, a BNPL provider based in the Philippines. The investment represents Zip’s first step into South East Asia, which will also
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Latvian Fintech VIA SMS Enters Philippines Market Through Investment in VAMO.ph
Latvian fintech VIA SMS Group continues to expand its presence in Asia-Pacific by investing in the development of consumer lending brand VAMO.ph in the Philippines. The decision on further strategic expansion in the region follows successful business operations in Vietnam
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CIMB Philippines to Power GCash’s Digital Micro-Lending Facility, GCredit
Mobile money wallet GCash is transitioning from a micro-lending innovation to being a full digital lending facility through the GCredit feature that is supported by CIMB Philippines. CIMB Philippines will now officially power GCredit, as the bank employs its credit
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Experian Teams up With FinScore for Alternative Data Scoring in the Philippines
Experian, a consumer financial data service provider, has partnered with FinScore, an alternative credit scoring provider, to help financial institutions reduce high default rates and prevent fraudulent activity, whilst simultaneously bridging the financial inclusion gap for unbanked individuals in the
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Xendit Partners BillEase to Offer BNPL for Filipino Merchants
Indonesian payment gateway Xendit and FDFC, the fintech company behind the Buy Now, Pay Later (BNPL) app BillEase, announced the launch of their joint PayLater solution to help merchants offer cardless payment installments in the Philippines. The partnership with BillEase
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Cashalo Claims Users’ Accounts Not Compromised Despite Data Breach
Online lending platform Cashalo announced that it had discovered a potential data breach but reassured its users that no customer accounts or passwords were compromised. The company said that on 18 February 2021, its cybersecurity team discovered a potential data
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