ORIENTE Express has come together with other digital finance companies to establish FinTechAlliance.ph.
With their combined efforts, these companies aim to drive financial innovation, provide a forum for the discussion of the future of technology and finance, and deliver social impact.
“The alliance was created to enable and strengthen the drive towards working for a financially inclusive Philippines,” said Katrina Cokeng, Oriente Express General Manager, and FinTechAlliance.ph Vice Chair. “We are working closely with the country’s regulators and leading FinTech companies to make sure we create financial solutions that deliver positive impact to the underbanked Filipinos.”
FinTechAlliance.ph includes various FinTech firms such as Grab Philippines, Smart Communications Inc., Lendr, Uber Philippines, Cash Credit, Acudeen, Coins.ph, Lenddo, Mynt, PayMaya, PawnHero, Seedbox, and TrueMoney.
The association will focus on collaborative and strategic moves to further stimulate innovation towards inclusive growth and empowerment of the emerging Filipino classes.
“The formation of FinTechAlliance.ph is very timely as all industries in the country are undergoing digital transformation. Having a unified representation will make collaboration and communications more efficient,” said Teresita Herbosa, Securities and Exchange Commission Chairperson.
Oriente Express is a partnership between Greater China-based Oriente (which is behind internet giants Skype and LU.com) and JG Summit Holdings Inc. It aims to develop a digital finance marketplace to address financial exclusion of underbanked consumers and MSMEs, by enabling affordable online lending and wealth accumulation based on proprietary data and a revolutionary credit scoring infrastructure.