Thursday, 23 May 2024

FINTQ was awarded The Best Financial Inclusion Initiative, Application or Programme for 2018 at The Asian Banker Philippines Country Awards 2018

5 min read

By The Asian Banker

  • FINTQ has launched ‘KasamaKa’, a financial inclusion campaign that has been adopted by national and regional governments to provide access to financial services
  • The institution has collaborated with over 70 partners to bolster customer acquisitions for its program
  • The institution’s referral system has contributed to the performance of the overall digital lending platform, expanding its digital footprint, particularly to the province

Manila, October 5th 2018 —FINTQreceived The Best Financial Inclusion Initiative, Application or Programmeaward for the Philippines in 2018 at The Asian Banker Philippines Country Awards 2018. The awards ceremony was held in conjunction with the prestigious The Future of Finance Philippines 2018, the annual gathering for decision makers in the financial services industry in the country, held at the Fairmont Makati, Manila on October 5th, 2018.

 

FINTQ launched ‘KasamaKa’, a financial inclusion campaign that has been adopted by national and regional governments to provide access to financial services

 

FINTQ launched ‘KasamaKa’, a community and income builder program that includes a digital referral programme in which members may refer other individuals who require access to financial services to FINTQ’s main platform, Lendr. Services range from loans, insurances, investments, to savings. The program has been adopted by national and regional governments. With its bottom-up approach, FINTQ intends for KasamaKa to become a financially inclusive ecosystem, targeting 20 million enterprising Filipinos by 2020.

 

The institution has collaborated with over 70 partners to bolster customer acquisitions for its program

 

FINTQ has collaborated extensively with multiple companies, signing with over 70 institutions, such as the Landbank of the Philippines; China Bank Savings; RCBC Savings Bank and the Rural Bankers Association of the Philippines. Notably, FINTQ tied up with Grab to enable more than 30,000 Grab drivers to gain additional income. Also, financial services continue to be provided mainly through Lendr. 

The institution’s referral system has contributed to the performance of the overall digital lending platform, expanding its digital footprint, particularly to the provinces

 

FINTQ has currently facilitated a total of about $700 million in loans since its establishment in 2015. Furthermore, loans disbursed through Lendr in 2017 was around $221.4 million (PHP12 billion), contributing to over 40% of the company’s total loan volume. FINTQ has an extensive digital footprint, with 80% of its borrowers hailing from the provinces, and 26% of borrowers from low-income areas. Of the accounts that were onboarded, 45% came from the informal sector, with 25% onboarded through the referral system.

 

About The Asian Banker

The Asian Banker is the region’s most authoritative provider of strategic business intelligence to the financial services community. The Singapore-based company has offices in Singapore, Malaysia, Manila, Hong Kong, Beijing, and Dubai, as well as representatives in London, New York, and San Francisco. It has a business model that revolves around three core business lines: publications, research services and forums. The company’s website is www.theasianbanker.com

For all Business Achievement Awards 2018 photos, please visit

https://www.facebook.com/pg/TheAsianBanker/photos/?tab=album&album_id=10156587646114804

For further information on the collaterals for winning banks, please contact:

Mr. Foo Boon Ping

Managing Editor

Tel: (+65) 6236 6526

bpfoo@theasianbanker.com

www.theasianbanker.com

 



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