FinVolution's Philippine Subsidiary Partners with Security Bank to Drive Financial Inclusion

FinVolution Group (NYSE: FINV), a leading fintech platform, has announced a strategic partnership between its Philippine financial application, JuanHand, and Security Bank Corporation (Security Bank), one of the Philippines' leading universal banks. This collaboration aims to drive financial inclusion and enhance access to credit for underserved customers in the region.

Under the terms of the 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 enable JuanHand users to apply for unsecured loans using only their basic personal information and one valid ID, eliminating the need for time-consuming documentation like proof of income or billing address. JuanHand's proprietary AI-powered screening technology will rapidly assess borrowers' creditworthiness, enabling loan approval and fund disbursement under 5 minutes.

Mr. Tiezheng Li, Vice Chairman and Chief Executive Officer of FinVolution Group, commented on the partnership, "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 Southeast Asia's enormous opportunities."

The partnership between FinVolution's JuanHand and Security Bank is a significant step towards enhancing financial inclusion in the Philippines. By streamlining the loan application process and leveraging AI-powered screening technology, the collaboration enables quicker and more accessible credit for underserved borrowers. This strategic alliance aligns with both companies' missions to connect underserved borrowers with financial institutions and create a more inclusive financial environment.