FinVolution's Philippine Subsidiary Partners with Security Bank to Drive Financial Inclusion
FinVolution Group (NYSE: FINV) announced that its Philippine app JuanHand has secured a credit facility agreement with Security Bank , becoming the bank's first fintech lending partner. This partnership follows JuanHand's existing collaborations with Maya Bank, Union Bank, and SeaBank.
The agreement enables JuanHand users to apply for unsecured loans using basic personal information and one valid ID, with loan approvals and fund disbursals processed within 5 minutes using FinVolution's AI-powered screening technology. This streamlined process eliminates the need for proof of income or billing address documentation.
The partnership aims to enhance financial inclusion and credit accessibility in the Philippines, aligning with FinVolution's 'Local Excellence, Global Outlook' strategy to expand its Southeast Asian market presence.
FinVolution Group (NYSE: FINV) ha annunciato che la sua app filippina JuanHand ha ottenuto un accordo di finanziamento con Security Bank, diventando il primo partner di prestiti fintech della banca. Questa partnership segue le collaborazioni esistenti di JuanHand con Maya Bank, Union Bank e SeaBank.
L'accordo consente agli utenti di JuanHand di richiedere prestiti non garantiti utilizzando informazioni personali di base e un documento d'identità valido, con approvazioni dei prestiti e erogazione dei fondi elaborate entro 5 minuti grazie alla tecnologia di screening basata su AI di FinVolution. Questo processo semplificato elimina la necessità di documentazione relativa alla prova di reddito o all'indirizzo di fatturazione.
La partnership mira a migliorare l'inclusione finanziaria e l'accessibilità al credito nelle Filippine, allineandosi alla strategia di FinVolution 'Eccellenza Locale, Prospettiva Globale' per espandere la sua presenza nel mercato del Sud-est asiatico.
FinVolution Group (NYSE: FINV) anunció que su aplicación filipina JuanHand ha asegurado un acuerdo de línea de crédito con Security Bank, convirtiéndose en el primer socio de préstamos fintech del banco. Esta asociación sigue las colaboraciones existentes de JuanHand con Maya Bank, Union Bank y SeaBank.
El acuerdo permite a los usuarios de JuanHand solicitar préstamos no garantizados utilizando información personal básica y una identificación válida, con aprobaciones de préstamos y desembolsos de fondos procesados en 5 minutos utilizando la tecnología de selección impulsada por IA de FinVolution. Este proceso simplificado elimina la necesidad de documentación de prueba de ingresos o dirección de facturación.
La asociación tiene como objetivo mejorar la inclusión financiera y la accesibilidad al crédito en Filipinas, alineándose con la estrategia de FinVolution 'Excelencia Local, Perspectiva Global' para expandir su presencia en el mercado del sudeste asiático.
FinVolution Group (NYSE: FINV)는 필리핀 앱 JuanHand가 Security Bank와 신용 대출 계약을 체결했다고 발표했습니다. 이로써 JuanHand는 해당 은행의 첫 번째 핀테크 대출 파트너가 되었습니다. 이 파트너십은 JuanHand가 Maya Bank, Union Bank 및 SeaBank와 이미 협력하고 있는 것에 이어진 것입니다.
이번 계약을 통해 JuanHand 사용자는 기본 개인 정보와 유효한 신분증 하나만으로 무담보 대출을 신청할 수 있으며, 대출 승인 및 자금 지급은 FinVolution의 AI 기반 심사 기술을 이용해 5분 이내에 처리됩니다. 이 간소화된 과정은 소득 증명이나 청구서 주소 문서의 필요성을 없앱니다.
이번 파트너십은 필리핀에서 금융 포용성과 신용 접근성을 향상시키는 것을 목표로 하며, FinVolution의 '지역 우수성, 글로벌 전망' 전략과 일치하여 동남아시아 시장에서의 입지를 확장하고자 합니다.
FinVolution Group (NYSE: FINV) a annoncé que son application philippine JuanHand a obtenu un accord de facilité de crédit avec Security Bank, devenant ainsi le premier partenaire de prêt fintech de la banque. Ce partenariat fait suite aux collaborations existantes de JuanHand avec Maya Bank, Union Bank et SeaBank.
L'accord permet aux utilisateurs de JuanHand de demander des prêts non garantis en utilisant des informations personnelles de base et une pièce d'identité valide, avec des approbations de prêts et des décaissements de fonds traités en 5 minutes grâce à la technologie de sélection alimentée par l'IA de FinVolution. Ce processus simplifié élimine la nécessité de documents de preuve de revenu ou d'adresse de facturation.
Le partenariat vise à améliorer l'inclusion financière et l'accessibilité au crédit aux Philippines, s'alignant sur la stratégie de FinVolution 'Excellence Locale, Perspective Globale' pour étendre sa présence sur le marché de l'Asie du Sud-Est.
FinVolution Group (NYSE: FINV) gab bekannt, dass ihre philippinische App JuanHand eine Kreditfazilität mit Security Bank gesichert hat, wodurch sie der erste Fintech-Darlehenspartner der Bank wird. Diese Partnerschaft folgt den bestehenden Kooperationen von JuanHand mit Maya Bank, Union Bank und SeaBank.
Das Abkommen ermöglicht es den Nutzern von JuanHand, ungesicherte Kredite unter Verwendung grundlegender persönlicher Informationen und eines gültigen Ausweises zu beantragen, wobei die Kreditzusagen und die Auszahlung der Gelder innerhalb von 5 Minuten mithilfe der KI-gestützten Screening-Technologie von FinVolution bearbeitet werden. Dieser vereinfachte Prozess entfällt die Notwendigkeit von Einkommensnachweisen oder Rechnungsadressdokumenten.
Die Partnerschaft zielt darauf ab, die finanzielle Inklusion und den Zugang zu Krediten auf den Philippinen zu verbessern und steht im Einklang mit der Strategie von FinVolution 'Lokale Exzellenz, Globale Perspektive', um die Marktpräsenz in Südostasien auszubauen.
- First platform to introduce loan facilitation model with local banks in Philippines
- New credit facility agreement expands lending capabilities
- Partnership with major bank (Security Bank) increases market presence
- Rapid 5-minute loan approval process enhances competitive advantage
- None.
Insights
FinVolution's new credit facility agreement with Security Bank marks a strategic milestone in the company's Southeast Asian expansion, establishing JuanHand as Security Bank's first fintech lending partner. This development builds upon JuanHand's existing relationships with Maya Bank, Union Bank, and SeaBank, creating a robust financial ecosystem in the Philippines.
The partnership addresses a significant market opportunity in the Philippines, where approximately 51.2 million adults remain unbanked or underbanked according to BSP data. By leveraging FinVolution's proprietary AI-powered credit assessment technology, JuanHand can approve loans within 5 minutes with minimal documentation—a compelling value proposition in a market where traditional banking processes are often cumbersome.
For investors, this partnership represents continued execution of FinVolution's international diversification strategy beyond its Chinese home market. The company has been systematically expanding its Southeast Asian footprint, with international markets now contributing an increasing portion of loan originations. The Philippines' digital lending market is projected to grow at a CAGR of approximately 25% through 2028, providing a substantial runway for growth.
The timing of this partnership is particularly strategic as Philippine regulators have been tightening oversight of digital lenders, making institutional partnerships increasingly valuable for market legitimacy and funding stability. By partnering with established financial institutions rather than pursuing a purely direct-to-consumer model, FinVolution is adopting a more sustainable and potentially less risky approach to market expansion.
This development reinforces FinVolution's evolution from its P2P origins to a comprehensive fintech platform connecting underserved borrowers with established financial institutions—a model that has proven more resilient to regulatory changes across Asian markets.
Under this agreement, JuanHand will become Security Bank's first fintech lending partner, demonstrating JuanHand's growing regional recognition following its partnerships with Maya Bank, Union Bank and SeaBank. The partnership will enhance FinVolution's service offerings in
JuanHand will leverage Security Bank's credit facility to empower individuals, families, and businesses with quick and accessible financial solutions. Under the terms of the agreement, JuanHand users may apply for unsecured loans using only their basic personal information and one valid ID, eliminating the time-consuming process of gathering proof of income or billing address. JuanHand utilizes FinVolution's proprietary AI-powered screening technology to rapidly assess borrowers' creditworthiness, enabling loan approval and disbursal of funds under 5 minutes.
Mr. Tiezheng Li, Vice Chairman and Chief Executive Officer of FinVolution Group, commented, "We are proud to share that we are the first platform to introduce the loan facilitation model with local financial institutions in the country. Our partnership with Security Bank will create a more financially inclusive environment and increase credit accessibility for underserved customers throughout the region. Guided by our effective Local Excellence, Global Outlook strategy, FinVolution remains committed to improving financial services and elevating user experience for a growing customer base in the markets in which we operate. By expanding our footprint and strengthening our local relationships, we are well positioned to capture
About FinVolution Group
FinVolution Group is a leading fintech platform with strong brand recognition in
About Security Bank
Security Bank Corporation is one of
For investor and media inquiries, please contact:
In
FinVolution Group
Head of Capital Markets
Jimmy Tan, IRC
Tel: +86 (21) 8030-3200 Ext. 8601
E-mail: ir@xinye.com
Piacente Financial Communications
Jenny Cai
Tel: +86 (10) 6508-0677
E-mail: finv@tpg-ir.com
In
Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
E-mail: finv@tpg-ir.com
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SOURCE FinVolution Group
FAQ
What is the significance of FinVolution's (FINV) partnership with Security Bank in the Philippines?
How fast can JuanHand process loan applications under the new FINV-Security Bank partnership?
What documentation is required for loan applications through FINV's JuanHand platform?
Which other banks has FinVolution's JuanHand partnered with in the Philippines before Security Bank?
