WIDER ACCESS TO CONSUMER LOANS. FINTQ, the financially technology arm of PLDT and Smart’s Voyager Innovations, is working together with the Philippine Bank of Communications (PBCOM) for faster and more convenient access to consumer loans with the help of digital technology. In photo are (from left) FINTQ Managing Director Lito Villanueva; Voyager President and CEO Orlando B. Vea; PLDT, Smart, Voyager, and FINTQ Chairman Manuel V. Pangilinan; PBCOM President and CEO Patricia May T. Siy; PBCOM Executive Vice President & Head for Retail Banking Jaime Valentin L. Araneta; and, PBCOM Consumer Finance Group Sales Head Ricardo R. Mendoza
[21 JULY 2017] Philippine Bank of Communications, Inc. (PBCOM) and FINTQ, the financial technology arm of PLDT and Smart’s Voyager Innovations, recently inked a partnership that will further boost PBCOM’s consumer lending business by expanding its offerings in the digital space through Lendr, the latter’s pioneering and award-winning digital lending platform.
Once launched, PBCOM’s home, auto, and personal loan products will immediately be available via Lendr (www.lendr.com.ph), an innovative digital lending platform that allows for easy and convenient loan application and submission of requirements via online or mobile devices.
“We’re glad to welcome PBCOM into the Lendr ecosystem, which will help empower more Filipinos through easy and convenient access to their loan products. This marks a huge milestone in our pursuit of greater financial inclusion across the country through the marriage of trailblazing digital technology from FINTQ and innovative loan products from our partner banks such as PBCOM,” said Manuel V. Pangilinan, Chairman at PLDT, Smart, Voyager and FINTQ.
“Over the past year, we have seen tremendous growth in various areas of our business, including consumer loan products. We intend to continue this growth momentum by tapping and exploring other avenues for our various offerings, including digital platforms such as Lendr,” added Patricia May T. Siy, President and CEO of PBCOM.
Loans on tap
By offering these products via a seamless, telco-agnostic digital platform like Lendr, PBCOM is extending the reach of its financial products and offering potential borrowers the convenience of applying for a loan, submitting their requirements, and getting notified about the status of their application all at the tap of their smartphones.
This move could help boost the growth of PBCOM’s various consumer loan offerings as industry-wide growth in loans for household consumption continues to increase, pegged at 23.6% as of March 2017, recent data from the Bangko Sentral ng Pilipinas suggests.
“Lendr not only plays a pivotal role in bringing financial products closer to Filipinos but also plays a key role in enabling our partner banks like PBCOM in their digital transformation. Through this partnership, we aim to serve and create more innovative and high-impact financial products that will be of tremendous value to a lot of customers nationwide,” said Lito Villanueva, Managing Director at FINTQ.
FINTQ’s various telco-agnostic digital lending platforms–which include Lendr, Mobile Loan Saver (with LANDBANK), and micro-lending Pera Agad (with Cash Credit)–have helped disburse more than P21 billion worth of loans since 2015 to over 135,000 borrowers nationwide, close to 80% of which are from outside Metro Manila.
Through its platforms, FINTQ currently has the most extensive digital lending footprint in the country today, with loan transactions coming from all 81 provinces, 90% of the 145 cities and 15% of the 1,490 municipalities. Lendr, FINTQ’s pioneer product, has already partnered with more than 30 banks and non-banks that are in various stages of onboarding.
To know more about FINTQ’s various financial technology offerings, visit www.fintiq.com. [END]
Orlando B. Vea, Voyager President and CEO; Jaime Garchitorena, CIC President and CEO; Nestor Espenilla, Jr., BSP Governor; Atty. Tess Herbosa, SEC Chair; Lito Villanueva, FINTQ Managing Director
[14 JULY 2017] FINTQ, the financial technology arm of PLDT and Smart’s Voyager Innovations, today announced a string of new digital partnerships with banks and non-banking institutions for a variety of financial technology products and services, making it the biggest fintech firm operating in the Philippines today.
Among its newly signed partners for Lendr, its pioneering and award-winning digital lending platform, include the Development Bank of the Philippines (DBP), EastWest Bank, the Philippine Bank of Communications (PBCOM), Philippine Veterans Bank, Cebuana Lhuillier Bank, Insular Bank, Philippine Business Bank, Card Bank, Inc., Card SME Bank, Inc., Rizal Bank, Inc., Radiowealth Finance Company, Asialink Finance Corporation, Filidian Rural Bank, JK Capital, Esquire Financing, Algo Leasing, FINEX, Dun & Bradstreet, Cash Credit, FinScore, and PawnHero.
“We thank our partners for going on this voyage with us in pursuit of greater financial inclusion through FINTQ. Through the power of digital via mobile phones, we are helping bring financial products and services closer to Filipinos, literally at their fingertips,” added Orlando B. Vea, President and CEO at Voyager.
Across its digital lending platforms–which include Lendr, Mobile Loan Saver (with LANDBANK), and Pera Agad (with Cash Credit)–FINTQ has logged a total of over 135,000 loan applications worth a total of P21 billion since it launched in 2015. Close to 80% of these transactions were logged outside of Metro Manila and almost half were done beyond the usual banking hours, proving the financial inclusion effects of digital platforms.
Redefining the landscape
The year 2017 has so far been a banner year for FINTQ not just in the area of partnerships, but in developing and launching breakthrough digital products, platforms, and programs as well.
FINTQ’s broadest suite of fintech services are composed of platforms in the areas of digital lending, digital insurance, digital micro-investments, digital banking security, and alternative credit scoring facility for the unbanked and underserved segment, among others, that address key customer pain points and promote financial inclusion across the entire country.
“FINTQ now has the most expansive and the most robust financial technology platforms today, offering the widest suite of services that enable our partner institutions to deliver awesome customer experiences to everyone nationwide. This will help bring in more Filipinos into the financial system, and contribute in helping build the country’s emerging digital economy,” said Lito Villanueva, Managing Director at FINTQ.
Lendr has the most extensive digital footprint covering 100% of 81 provinces, 90% of 145 cities and 15% of 1,490 municipalities. Approximately, 23% of them were from low-income areas.
It also introduced ASEAN’s first digital agriculture loan through its Mobile Crop Loan in partnership with Producers Bank. Another innovation was Asia’s first digital medicine loan called TxtMED in partnership with RiteMed, the generics company of Southeast Asia’s largest pharmaceutical company Unilab. The Bicol region was also given the opportunity to experience digital loan application with the commercial rollout of Camalig Bank’s digital salary loan for employees of the Department of Education and key local government units.
Just recently, the company signed a groundbreaking partnership with the Liga ng mga Barangay sa Pilipinas, Bayad Center, and Cignal Digital TV, Inc. for its community and income builder program Kasama Ka, which will help fast-track financial inclusion across the country through a robust and mobile-based referral program for Lendr.
FINTQ is also collaborating with Gotuaco, Del Rosario Insurance Brokers, Inc. for digital insurance service SureLite, which will provide affordable and flexible insurance options for all Filipinos.
It also recently signed up with Genuisto and Ailleron for local distribution of the Livebank platform enabling local banks and enterprises with virtual branching capabilities. It enables partners to drive sales and after-sales with sophisticated fully digital onboarding process.
Soon, the fintech firm will also be unveiling the country’s first digital micro-investment platform dubbed Investr, in partnership with Seedbox Philippines through ATR Asset Management, Inc. (ATRAM), a licensed investment company advisor. Through Investr, Filipinos will gain access to micro-investment funds online, starting at just P50.
“Revolutionizing the banking and financial industry in the Philippines takes a strong collaboration effort among FinTechs, the traditional banks, and other industry players, and we are glad that our latest partners have come on board to further reach more Filipinos as we strive for true financial inclusion with the help of digital.”
– Manuel V. Pangilinan, Chairman of PLDT, Smart, and Voyager Innovations
Jose Misael Moraleda, Camalig Bank President; Lito Villanueva, FINTQ Managing Director; Geraldine Moraleda, Camalig Bank COO; and Noel Rosal, Legazpi City Mayor
Lito Villanueva, FINTQ Managing Director; Orlando B. Vea, Voyager President and CEO; Manuel V. Pangilinan, PLDT, Smart, Voyager and FINTQ Chairman; Andres M. Cornejo, Producers Bank Chairman and CEO; Gilda Pico Producers Bank Board Director; and Manuel A. Castañeda III, former Producers Bank President and COO
Vincent Patrick Guerrero, RiteMed Philippines, Inc. General Manager; Liduvino Geron, LANDBANK Branch Banking Head/EVP; Alex Buenaventura, LANDBANK President and CEO; Julio Climaco Jr, LANDBANK EVP.; and Lito Villanueva, FINTQ Managing Director
Paul D. Lazaro, DBP First Vice President; Nilo S. Cruz, First Senior Vice President and CIO of DBP / President and CEO of DBP Data Center Inc.; Cecilia Borromeo, DBP President and CEO; Manuel V. Pangilinan, PLDT, Smart, and Voyager Chairman; and Orlando B. Vea, Voyager President and CEO
Jesus Roberto S. Reyes, EastWest Bank President & Deputy CEO; Jacqueline S. Fernandez, EVP & Consumer Lending Head; Jonathan T. Gotianun, Chairman; Manuel V. Pangilinan, PLDT, Smart, Voyager and FINTQ Chairman; Orlando B. Vea, Voyager President and CEO; Ernesto R. Alberto, Chief Revenue Officer and EVP of PLDT; and Lito Villanueva, FINTQ Managing Director 6 Marivic M. Austria, CARD President and CEO; Flordeliza L. Sarmiento, Vice Chairperson for Administration; and Dr. Jaime Aristotle B. Alip, CARD MRI Founder and Chairman; Manuel V. Pangilinan, PLDT, Smart, Voyager and FINTQ Chairman; Orlando B. Vea, Voyager President and CEO; Ernesto R. Alberto, Chief Revenue Officer and EVP of PLDT; and Lito Villanueva, FINTQ Managing Director
Marivic M. Austria, CARD President and CEO; Flordeliza L. Sarmiento, Vice Chairperson for Administration; and Dr. Jaime Aristotle B. Alip, CARD MRI Founder and Chairman; Manuel V. Pangilinan, PLDT, Smart, Voyager and FINTQ Chairman; Orlando B. Vea, Voyager President and CEO; Ernesto R. Alberto, Chief Revenue Officer and EVP of PLDT; and Lito Villanueva, FINTQ Managing Director
Top row Adnan Biruar, ARMM Chapter President; Jose Erwin Esguerra, Sr., Region IV-A Chapter Pres.; Neson Maraña, Region V Chapter Pres.; Ricardo Corpuz, NCR Chapter Pres.; Mario Subagan, Region I Chapter Pres.; Noli Villarosa, NIR Chapter Pres.; Abelardo Pangilinan, Region IV-B Chapter Pres.; Randy Opisan, Region XI Chapter Pres.; Dindo John Lignig, Region VI Chapter Pres.; Cesarve Siacor, Region X Chapter Pres. Bottom row Gerard Hilarion Ramiro, VP for Mindanao; Lorenzo Zuñiga, Jr., Secretary-General; Edmund Abesamis, Liga ng mga Barangay sa Pilipinas National Pres; Manuel V. Pangilinan, PLDT, Smart, Voyager and FINTQ Chairman; Orlando B. Vea, Voyager President and CEO; Ernesto R. Alberto, Chief Revenue Officer and EVP of PLDT; and Lito Villanueva, FINTQ Managing Director
Arthur L. Panganiban Jr., President and CEO; Albert del Rosario, Director; Manuel V. Pangilinan, PLDT, Smart, and Voyager Chairman; Orlando B. Vea, Voyager President and CEO; Lito Villanueva, FINTQ Managing Director
Phillip Hagedorn, Atram Trust Corporation Chief Investment Officer; Deanno Basas, Atram President and Managing Director; Michael Ferrer, Seedbox Technologies, Inc. President; Manuel V. Pangilinan, PLDT, Smart, and Voyager Chairman; Orlando B. Vea, Voyager President and CEO; Lito Villanueva, FINTQ Managing Director
Top row Guillaume Danielou, FINTQ Product Manager; Antonio Tan Jr., IPE Asia Co, LTD Marketing Director; Greg Trinidad, U.S. Franchiser and Trading Co. President Bottom row Lito Villanueva, FINTQ Managing Director; Orlando B. Vea, Voyager President and CEO; Shane Hermans, Managing Director; Jimmy Yong, International Business Development Director