Market manipulation is blatant but developed economies are likewise rigged
FINTQnologies was awarded The Best Markets Infrastructure Technology or Platform in the Philippines for 2018 at The Asian Banker Philippines Country Awards 2018.
- FINTQ’s main platform, Lendr, acts as an enabler between borrowers and financial institutions
- Lendr has integrated artificial intelligence (AI) and predictive credit scoring in its system
- FINTQ posted a 60% growth rate in the loan volume
Manila, October 5th 2018- FINTQnologies (FINTQ) received the award for The Best Markets Infrastructure Technology or Platformin the Philippines at The Asian Banker Philippines Country Awards 2018. The award ceremony was held in conjunction with the prestigious The Future of Finance, Philippines 2018, the annual meeting for decision-makers in the financial services industry in the country, held at the Fairmont Makati in Makati City, Philippines, on October 5th2018.
FINTQ’s main platform, Lendr, acts as an enabler between borrowers and financial institutions
Lendr, a fully digital and multi channel platform is the first cloud based loan marketplace approved by the Philippines’ central bank, Bangko Sentral ng Pilipinas (BSP). Integrating its platform with bank systems, it offers a simple application process with a quick approval time of only a few minutes for loans and microfinance and less than 2 days for mortgages and car financing.
It also enables small banks in rural aresa to get an access to a new source of revenue stream as it expands the customer base to the unbanked population. Amongst its tie up with banks, Producers Bank provides first digital agriculture lending and Camalig Bank introduced to teachers and local government staff through FINTQ.
Lendr has integrated artificial intelligence (AI) and predictive credit scoring in its system
With over 100 banks and non-bank partners, Lendr integrated artificial intelligence and predictive credit scoring capabilities on its platform in addition to the conventional risk mitigation features. It is now expanding this with additional data sources such as telecommunication data for the unbanked customers to improve their credit scoring.
FINTQ posted a 60% growth rate in the loan volume
In just three years, FINTQ successfully facilitated a $700 million loan, posted around 60% compounded annual growth rate in its loan booked. It has the most extensive digital footprint in the Philippines, covering all provinces, 91% of cities, and more than 1,600 participating government agencies in the country. Lendr has posted over 60% compounded annual growth rate in loans booked over last three years. During the last year the company tied up with 70 partners.
It has launched a financial inclusion campaign Kasamaka which offers sacheted banking products
Kasamaka financial inclusion campaigan brings a suite of digital financial services under one umbrella. It extends Lendr lending capability to microsavings and microinvestment enabling customers from lower level of income to save, apply for a loan, afford an insurance, and invest through the platform.
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 further information on the collaterals for winning banks, please contact:
Ms. Neeti Aggarwal
Senior Manager, Research
The Asian Banker
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