by Sonia Vasquez | Jan 23, 2017 | Uncategorized
Maybank collaborates with FINTQ, the financial technology arm of PLDT and Smart’s Voyager Innovations. Present during the signing of the agreement were Lito Villanueva, Managing Director of FINTQ; Orlando B. Vea, President and CEO of Voyager Innovations; PLDT, Smart and Voyager Innovations Chairman Manuel V. Pangilinan; Hazli Bin Abu Samah, Officer-in-Charge of Maybank Philippines; Richard Lim, former Executive Vice President and Head of Retail Business Group; and Bernie Talimban, Vice President and IT Group Head.
[23 JANUARY 2017] Maybank Philippines, Inc. has partnered with FINTQ, the financial technology arm of PLDT and Smart’s Voyager Innovations to offer the bank’s clients with convenient, transparent, fast and secure digital loan service via digital loans platform Lendr.
Lendr is a the world’s first fully digital, multi-channel, telco and bank agnostic solution that financial institutions and credit providers can use to reach consumers planning to avail of loans. Maybank Philippines joins a growing roster of banks that has partnered with FINTQ and will be among the first ten to be deployed.
“We’re excited to have Maybank Philippines join Lendr as we make digital financial services such as loans more accessible to Filipinos. Digital is transforming industries and we are happy to enable our partner banks to serve their customers better,” said Orlando B. Vea, President and CEO of Voyager Innovations.
“As part of the Maybank Group, the 4th largest bank in Southeast Asia, Maybank Philippines, Inc. (MPI) continues to engage with partners to further enhance our product offerings to our customers,” said Hazli Abu Samah, Officer-In-Charge of MPI. “The stronger delivery of our services through online enhances our thrust of humanizing financial services,” Hazli added.
“Digital is making financial services more accessible and inclusive. In less than two years, our digital lending platforms, including Lendr, have yielded exponential growth, translating to services reaching previously underserved Filipinos. We are delighted to have Maybank Philippines, the country’s pioneer in 24/7 physical branch banking, as our collaborator for their 24/7 digital version,” said Lito Villanueva, Managing Director of FINTQ.
For end-2016, FINTQ’s lending platforms posted loans outstanding growth of over a hundred percent in excess of P15 billion while loans booked increased by almost a hundred percent to more than 100,000.
With its platforms, FINTQ has the most extensive digital lending footprint in the country today, with loan transactions coming from all 81 provinces, 90 percent of the 145 cities and eight percent of the 1,490 municipalities.
Using the Lendr platform, any consumer can apply any time whenever they need money for emergencies, minor house repairs or school tuition via SMS, mobile app or online with any device or telco provider. Consumers are in full control as they can keep track of their loan application status, loan repayments and amortization schedule. For more information, please visit www.lendr.com.ph.
by Sonia Vasquez | Jan 18, 2017 | Uncategorized
A toast to greater digital collaboration led by BSP Deputy Governor Nestor A Espenilla Jr., Securities and Exchange Commission Chairman Tess Herbosa, Credit Information Corp President and CEO Jaime Garchitorena, Voyager Innovations President Orlando B. Vea, and FINTQ Managing Director Lito Villanueva.
[11 JANUARY 2017] Movers and shakers in the banking, finance, insurance, and technology space converged recently at the 1st Annual FINTQ Appreciation Night at Conrad Manila to welcome 2017 with renewed commitments to intensify collaborations to push for financial inclusion using digital technologies.
Organized by FINTQ, the fintech arm of PLDT and Smart’s Voyager Innovations, the event highlighted achievements and scale-up plans to promote better access to financial services through digital solutions and platforms specifically in the areas of digital lending, digital micro insurance, digital disbursements, and anti-fraud and card security, among others.
The event also served as FINTQ’s tribute to the invaluable contributions of its collaborators which include the Bangko Sentral ng Pilipinas (BSP), the Securities and Exchange Commission (SEC), Insurance Commission, Credit Information Corporation (CIC), Land Bank of the Philippines, PNB Savings Bank, China Bank Savings, Visa, First Circle, Unionbank, Rural Bankers Association of the Philippines, Chamber of Thrift Banks, RCBC Savings Bank, Producers Bank, Rural Bank of Camalig, Cebuana Lhuillier Bank, Malayan Insurance, Sun Life Financial, Citi, Cash Credit, RiteMed and the Department of Education.
“It is time to start our people and our financial institutions on their digital journey. And we, at PLDT, as part of the country’s leading institutions, are partners in bringing the best of this era to all of them. Some of those include convenience, efficiency, empowerment, and inclusiveness through mobile technology and the payment systems that we’re enabling as well,” said Manuel V. Pangilinan, Chairman at PLDT, Smart, and Voyager.
“2016 saw the start of what we call ‘finbiosis’, the coming together of fintechs and financial institutions for collaboration. This year, we see stronger commitments and broader scale in our efforts to make digital truly work for financial inclusion. We thank our partners, our collaborators, our clients and our customers and we’re beyond excited to make a big difference,” said Lito Villanueva, managing director of FINTQ, Voyager Innovations.
For end-2016, FINTQ’s lending platforms alone posted loans outstanding growth of over a hundred percent in excess of P15 billion while loans booked increased by almost a hundred percent to more than 100,000.
With its platforms, FINTQ has the most extensive digital lending footprint in the country today, with loan transactions coming from all 81 provinces, 90 percent of the 145 cities and eight percent of the 1,490 municipalities.
Among the solutions and platforms that it offers, include:
Lendr is the country’s first multi-channel, mobile device, bank and telco agnostic consumer loans marketplace, a one-stop-loan shop for personal, auto, salary and home loans. Lendr is also being utilized by banks as their platform for their own customers.
Mobile Loan Saver is the country’s fully paperless and electronic salary loan that provides Landbank customers with an alternative source of financing that they can apply for simply by sending a text message using their mobile phones.
Rove enables government and humanitarian aid agencies with electronic disbursements of cash grants to beneficiaries, with automated monitoring and evaluation components for transparency, speed and efficiency.
Pera Agad, a micro-lending service offered by Cash Credit, that utilizes big data algorithm.
LockByMobile is the world’s first anti-fraud and card control solution which allows customers to lock/unlock their credit, debit and prepaid cards in real-time with a simple swipe of their finger on their mobile phone.
To date, FINTQ platforms have received over 30 global and local awards in less than three years, the most recent one for Lendr being recognized for Excellence in Lending by the Lafferty Global Awards 2016.
“Last year was tremendous for ‘fintech’–both fintech as an emerging force in the financial services industry, and FINTQ as the financial technology arm of Voyager Innovations. We look forward to the year ahead with renewed vigor in further bringing these inclusive technologies to benefit even more people,” said Orlando B. Vea, President and CEO of Voyager Innovations.
“The National Retail Payments System envisions to bring the share of electronic transactions to 20% by 2020, from just 1% to 2% today. It’s a big journey that we are embarking upon, and it is impossible to reach that goal without the kind of partnerships that we’re beginning to see with companies like FINTQ and others like them who bring innovation into the Philippine financial system,” added Nestor Espenilla, Jr., Deputy Governor at the Bangko Sentral ng Pilipinas. “We hope to continue to bring that forward to foster more innovation into our financial system so that the benefits of digital finance can be experienced by all of us.”
Voyager Innovations is the digital innovations arm of PLDT and Smart Communications. Aside from fintech, it focuses on emerging market platforms in the areas of digital financial services, digital commerce, sponsored data access and digital marketing technologies. For more information about FINTQ, visit www.fintq.com. For more information about Voyager Innovations, visit www.voyagerinnovation.com.
GSIS Chairman Willy Maldia (5th from left) with Gui Danielou, FINTQ Head for Digital Security, PLDT Alpha Relationship Manager Lucy Sy, FINTQ Head for Digital Lending Tin Santiago, LANDBANK FVP and Corporate Affairs Head Peewee Villanueva, FINTQ Managing Director Lito Villanueva, and FINTQ Head for International Business Development Kunal Pandey.
LANDBANK FVP and Corporate Affairs Head Peewee Villanueva, China Bank Savings President and CEO Joey Ramos, LANDBANK President and CEO Alex Buenaventura, FINTQ Managing Director Lito Villanueva, Producers Bank Director Gilda Pico, RCBC Savings Bank President and CEO Mel Latinazo, and LANDBANK AVP Boy de Guzman.
FINTQ Business Group
FINEX Foundation Executive Director Vic dela Dingco, PNB Chairman Flor Tarriela, Citi SVP Desi Mendoza and FINTQ Managing Director Lito Villanueva.
LANDBANK President and CEO Alex Buenaventura, PNB Director Doy Casuela, Producers Bank Director Gilda Pico, and First Metro Investments Corp President and CEO Bong Arjonillo
China Bank Savings FVP Adonis Yap, USAID ePESO Chief of Party Mert Tangonan, BSP Deputy Director Raymond Estioko, and Philippine Clearing House Corp Noel Barcena
Eastwest Bank VP & Head of CLC Alternative Channels Tua Castaneda, Chamber of Thrift Banks Executive Director Suzanne Felix, USAID Philippines Microfinance Specialist Tess Espenilla, Eastwest Bank EVP and Consumer Lending Head Jacqueline Fernandez, and RCBC Savings Central Sales Support Head Sarah Perpena
Malayan COO Paolo Abaya, FINTQ Managing Director Lito Villanueva, Malayan President and CEO Yvonne Yuchengco, Voyager President and CEO Doy Vea, Shinhan Card Hyung Mo Yang
Awarding
with LANDBANK President and CEO Alex Buenaventura
with China Bank Savings President and CEO Joey Ramos
with RCBC Savings Bank President and CEO Mel Latinazo
with PNB Chairman Flor Tarriela and PNB Savings Bank President and CEO Joven Hernandez
with Malayan Insurance President and CEO Yvonne Yuchengco
with First Circle President and CEO Patrick Lynch
with Visa Country Manager Stu Tomlinson
with Chamber of Thrift Bank Immediate Past President Mel Latinazo and Executive Director Suzanne Felix
with RBAP Director Miel Moraleda
with Sun Life SVP Mike Manuel
with Camalig Bank President and CEO Miel Moraleda
with Citi SVP Desi Mendoza
with Cash Credit Chief Commercial Officer Diana Krumova
with UnionBank SVP Arvie de Vera
with Unilab SVP Joey Ochave and RiteMed General Manager Vincent Guerrero
with Producers Bank Chairman Andy Cornejo
with Cebuana Lhuillier Bank Manager Marga Lee
with BSP DG Espenilla
with SEC Chairman Teresita Herbosa
with CIC President and CEO Jaime Garchitorena
with former LANDBANK President and CEO and Producers Bank Director Gilda Pico
Speech of BSP Deputy Governor Espenilla
Speech of FINTQ Managing Director Lito Villanueva
Speech of Voyager Innovations President and CEO Orlando B. Vea
by Sonia Vasquez | Jan 10, 2017 | Uncategorized
[04 JANUARY 2017] FINTQ, the financial technology arm of Voyager Innovations, Inc., was recently named the sole winner of the Excellence in Fintech Lending category from the London-based Lafferty Global Awards for its pioneering Mobile Loan Saver digital digital lending platform in partnership with the Land Bank of the Philippines (LANDBANK).
The LANDBANK Mobile Loan Saver (LMLS) service was hailed as one of the breakthrough innovations in financial technology that “puts the mobile device at the heart of its offering.” It joins the likes of Sterling Bank of Nigeria, Barclays Africa, UAE bank ADIB, Mexican bank Banorte South Africa’s FNB, and Diamond Bank of Nigeria in what the Lafferty Global Awards deemed as a “diverse range” of leaders in global financial services.
“This recognition cements the Philippines’ position, not just as a leader in mobile as it has been known for many years, but as an emerging powerhouse for financial technology solutions as well. Standing on the successes of our award-winning digital lending platform, we at Voyager and FINTQ are determined to bring more ‘fintech’ innovations not only to Filipinos, but in other emerging markets as well in collaboration with our strategic local and global partners” said FINTQ Managing Director Lito Villanueva.
“One thing that struck the judges is that almost no area of banking is untouched by mobile technology,” added Lafferty COO Rónán Lynch. “It’s clear to us that banks and payments businesses are spending a lot of their innovation budgets on mobile — and there’s probably a lot more innovation to come in the area of mobile banking, mobile payments and mobile technology. That applies whether we’re talking about wealthy parts of the world or poor parts of the world.”
Revolutionizing lending
LMLS has revolutionized the way borrowers, who were mostly government employees, apply for salary loans using their mobile phones. With a simple text message, borrowers are able to apply and secure approval notifications for their loan applications.
Due to its ease and convenience, LMLS has yielded over a hundred percent growth in outstanding loans in excess of P15 billion year-on-year, while loans booked increased by almost a hundred percent to more than 100,000, since its launch two years ago.
The groundbreaking service is already being used by a large number of borrowers from across the country, with transactions coming from all 81 provinces, 90 percent of the 145 cities and eight percent of the 1,490 municipalities. True to its financial inclusion mandate, LMLS has enabled borrowers from far-flung areas, with more than 20 percent coming from low-income cities and municipalities.
“Over 45% of the borrowers filed their electronic loan application outside banking hours, probably making it the country’s best practice model on branchless banking while further promoting greater access to finance,” added Villanueva.
The digital lending service will soon be expanded to other segments such as overseas Filipinos, small farmers in the agriculture sector, healthcare via medicine loans and the informal segments. This includes other consumer loan products namely: auto, motorcycle, housing, credit cards, pension aside from the existing mSME, personal and salary loans.
Over the past three decades, Lafferty Group has worked to identify, share and reward long-term, sustainable excellence in financial services. These awards celebrate outstanding work particularly where institutions have found innovative or creative ways to better provide a delightful customer experience.
For more information on LMLS and other FINTQ offerings, visit www.fintq.com. [END]
by Sonia Vasquez | Jan 10, 2017 | Uncategorized
Sealing the Lendr-First Circle digital partnership (4th from left) Manuel V. Pangilinan, PLDT group Chairman and CEO and Patrick Lynch, First Circle President and CEO with (L-R) Kunal Pandey, FINTQ International Business Development Head, Lito Villanueva, FINTQ Managing Director, Orlando Vea, Voyager Innovations President and CEO, Timothy Glynn, First Circle CFO and Agustin Santiago, FINTQ Digital Banking Products Head.
[09 DECEMBER 2016] First Circle, the first digital SME business financing company in Southeast Asia, has collaborated with FINTQ to provide loans for SMEs via Lendr, an end-to-end loans origination and loans management platform accessible through multi-channel device such as desktop, tablet or mobile.
Lendr is one of the breakthrough products developed by FINTQ, the financial technology unit of Voyager Innovations, the digital innovations arm of PLDT and Smart Communications (Smart).
Through Lendr, First Circle will be able to expand and fulfill its mission of empowering more Philippine SMEs to grow their business. “We are delighted to collaborate with Lendr, which shares our same vision to expand the reach of financial products and provide convenient, hassle-free loan applications to our customers,” Patrick Lynch, First Circle President & CEO explained.
First Circle is among the first business loans to be offered in the Lendr marketplace, which allows the borrowing market to search and directly apply to an array of financial and non-financial institutions through its integration with lender partners.
“First Circle is proud to join the esteemed partners of Lendr as this partnership specifically allows SMEs to be connected to our products and services for their business financing needs,” Lynch expounds.
“Given that access to finance of the Philippine SME sector remains challenging, a digital lending platform to make the loans availment experience seamless, quick and efficient among our entrepreneurs is crucial to capacity-building. This provides a huge opportunity to tap the greater SME market. First Circle is among the first ten banks and non-banks that are currently deployed under the trailblazing Lendr platform with more partner financial and non-financial institutions in various stages of on-boarding,” said Lito Villanueva, FINTQ managing director.
SMEs in the country account for 35 percent of gross domestic product (GDP), which is the second lowest in Southeast Asia next to Myanmar. It employs about 65 percent of the workforce, majority of which reside in Metro Manila.
According to a study by the Asian Development Bank, personal funds remain to be the dominant source of financing among local SMEs, where only 39 percent of respondent cited bank loans as a funding means. Among the barriers to financing that were cited include slow fund disbursement due to lack of credit information, inadequate bank and government guidance on preparation of compliance documents, and vulnerability of financial institutions that result to high cost of loans.
In less than two years, FINTQ’s digital lending platforms have yielded exponential growth year-on-year. Its loans outstanding grew over a hundred percent in excess of P15 billion while loans booked increased by almost a hundred percent to more than 100,000.
With its platforms, FINTQ has the most extensive digital lending footprint in the country today, with loan transactions coming from all 81 provinces, 90 percent of the 145 cities and eight percent of the 1,490 municipalities.
Digital is making financial services more accessible and inclusive. Seven out of 10 borrowers from FINTQ’s digital lending platforms are from the provinces, with more than 20 percent coming from low-income cities and municipalities. Almost half of all digital loan applications were lodged outside banking hours making it the best-practice model in branchless banking and expanding access to finance.
The digital lending service will soon be expanded to other sectors such as overseas Filipino workerss, agriculture for small farmers for agriculture, healthcare via medicine loans and the informal segments. This includes other consumer loan products namely: auto, motorcycle, housing, credit cards, pension aside from the existing mSME, personal and salary loans.
About First Circle
First Circle is the first digital SME financing company in South East Asia. Creating powerful technology enables them to bring together the best businesses. They do this through a simple online account, advanced data analytics, dedicated customer success representatives, and a community of business owners complete with a host of useful resources. First Circle exists to radically improve the course of opportunity for SMEs across South East Asia; to help business owners achieve growth that surpasses what they once believed possible; to expand their First Circle beyond their family and friends.
About FINTQ
The leader in customer-centric, demand-driven, mobile-first, value-creating, and inclusive digital financial innovations through collaboration across strategic markets with award-winning and pioneering platforms, products and services. It is the largest and the only financial technology business with diverse digital banking and finance portfolio of platforms including lending, security, micro-savings, insurance, disbursements, micro-credit and virtual banking, among others. It has received over 25 regional and global accolades including features in international publications.
