[23 MARCH 2017] FINTQ, the financial technology arm of PLDT and Smart’s Voyager Innovations, emerged as the leading financial technology (FinTech) provider with its various digital lending platforms benefiting not only its partner banks and non-banks but thousands of Filipinos nationwide as well.
“We are glad that FINTQ’s various platforms have already taken root and are helping in our financial inclusion drive at Voyager. These platforms will pave the way toward empowering more Filipinos, especially those in the countryside, with the help of digital technology,” said Orlando B. Vea, President and CEO at Voyager Innovations.
“Aside from delivering an awesome customer experience, FINTQ’s strategic play focuses on enabling digital transformation of its partners in the banking, financial services and insurance sector. As the first player in the industry with existing strategic collaboration with top banks and non banks in the country, we have seen quick adoption by the customers further empowering them with easy, convenient and accessible access to finance. We have bridged the digital divide in retail lending via branchless banking,” added 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) – helped disburse over P17 billion in total loans since 2015 to more than 110,000 borrowers, 70% of which reside outside Metro Manila.
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.
These platforms have extended the reach of partner financial institutions, leveraging on mobile devices as the pervasive customer touchpoint. Almost 50 percent of borrowers lodged their loan applications outside office hours.
To date, FINTQ has signed up some of the country’s biggest banks for its various platforms, including the likes of Land Bank of the Philippines, China Bank Savings, Union Bank of the Philippines, Maybank Philippines, PNB Savings Bank, RCBC Savings Bank, Camalig Bank, First Circle, Cebuana Lhuillier Rural Bank, Philippine Business Bank, and Producers Bank, among others.
“We thank Camalig Bank for bringing Lendr to us. We don’t need to travel 57 kilometers every time we apply for a loan. This is user friendly and can be accessed anytime, anywhere. Now, even us living in remote areas in the country could enjoy this program,” said Noel Buendia, senior administrative assistant of Viga Rural Development High School situated in the fourth-class municipality of Viga in Catanduanes.
Capping off these milestones, FINTQ recently bagged the “Fintech of the Year” award for 2016 by The Asset Triple A Digital Awards in Hong Kong, where it bested other financial technology providers in developed markets such as China, Japan, and Singapore.
Lendr and Pera Agad, on the other hand was also recognized by The Asset for being the “Most Innovative Cloud Project” and the “Most Innovative Data Analytics Project” distinctions, respectively.
Meanwhile, Mobile Loan Saver in partnership with the Land Bank of the Philippines, was also recently recognized with an Excellence in Fintech Lending award at the Lafferty Global Awards in South Africa.
“We are truly honored to be given these recognitions as one of the best in fintech both in the Philippines and the region. We are committed to develop more innovations that help enable financial institutions and empower more Filipinos through relevant services that are easily within their reach,” Villanueva said.
To date, FINTQ’s various platforms have received over 30 global and local awards in less than three years since inception.
FINTQ is 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.
For more information about FINTQ and all of its products and services, please visit www.fintq.com.