Maybank, FINTQ sign deal for online lending platform
MAYBANK PHILIPPINES, Inc. (Maybank) has migrated to digital lending after it inked a partnership with the financial technology arm of PLDT, Inc. and Smart Communications, Inc. to support the bank’s bid to improve its loan services.
In a statement e-mailed to reporters on Tuesday, Maybank announced that it has collaborated with FINTQ, the financial technology unit of PLDT and Smart’s Voyager Innovations, Inc., in a deal that will allow the bank to offer its loans through FINTQ’s digital loans platform Lendr.
“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,” Orlando B. Vea, president and CEO of Voyager Innovations, was quoted as saying.
Through the platform, consumers availing of loans from partner banks can complete the loan application process online; track their loan applications and moni-
tor their monthly loan payments, balances, and amortizations.
Once the loans are approved and released, Lendr also allows users to keep track of their payments and balances.
“As part of the Maybank Group, the fourth largest bank in Southeast Asia, Maybank Philippines, Inc. continues to engage with partners to further enhance our product offerings to our customers,” Hazli Abu Samah, Officer- In- Charge of Maybank said in the same statement.
“The stronger delivery of our services through online enhances our thrust of humanizing financial services,” the official added.
As of end-2016, FINTQ’s lending platforms posted loans of over P15 billion while loans booked stood above 100,000 transactions.
Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has a stake in BusinessWorld through the Philippine Star Group, which it controls.