FinVolution and Security Bank Join Forces to Enhance Financial Inclusion in the Philippines

FinVolution's New Initiative in the Philippines

On February 26, 2025, FinVolution Group, a prominent player in the fintech sector, announced a significant partnership with Security Bank Corporation, a top universal bank in the Philippines. This collaboration marks a pivotal moment, as JuanHand, FinVolution's financial application, becomes Security Bank's inaugural fintech lending partner. This strategic alliance aims to promote financial inclusion by offering more accessible credit solutions to underserved populations.

The partnership will enhance JuanHand's service landscape, benefiting users who traditionally struggle to obtain loans due to stringent bank requirements. Under the new credit facility agreement, JuanHand users can apply for unsecured loans simply by providing basic personal information alongside one valid identification document. This streamlined process alleviates the hurdles of compiling extensive documentation, such as income proofs or billing addresses, which can often stall loan approvals.

Utilizing FinVolution's advanced AI-driven credit assessment technology, JuanHand has created a process that expedites loan approvals. Borrowers can expect to have funds disbursed within a mere five minutes, a drastic improvement compared to conventional lending practices. This rapid assessment capability not only facilitates quicker transactions but also aims to provide a seamless user experience, ensuring that financial support reaches those in need promptly.

Mr. Tiezheng Li, FinVolution's Vice Chairman and CEO, expressed enthusiasm regarding this groundbreaking partnership. He stated that their collaboration with Security Bank will foster an environment conducive to financial inclusivity. By bridging gaps between underserved customers and financial institutions, they are committed to enhancing credit accessibility across the region.

This partnership fits into FinVolution’s broader strategy, dubbed the Local Excellence, Global Outlook. By deploying this approach, the fintech company seeks to capitalize on the vast opportunities within Southeast Asia while simultaneously improving its service delivery across global markets. FinVolution's growth trajectory reflects its dedication to innovation and user-centered solutions in financial technology.

Established in 2007, FinVolution Group is well-known for pioneering online consumer finance in China. The company excels in leveraging technology to streamline services and has amassed a vast user base. As of September 30, 2024, the firm boasted approximately 199.2 million registered users across key markets, including China, Indonesia, and the Philippines. This underscores FinVolution's position as a frontrunner in shaping modern financial landscapes through technology and novel finance solutions.

Security Bank, founded in 1951, serves a diverse clientele, including retail, commercial, corporate, and institutional customers. As a publicly listed entity, it offers a comprehensive suite of banking services, such as financing, leasing, and asset management. Its long-standing reputation and extensive experience in the banking sector present a robust foundation for a successful partnership with JuanHand.

In conclusion, the collaboration between FinVolution and Security Bank represents a significant advancement in the quest for financial inclusion in the Philippines. By leveraging innovative technology and streamlining lending processes, this partnership is poised to create lasting benefits for individuals and businesses seeking financial stability and support. As the fintech landscape continues to evolve, both companies remain focused on their goals to bridge financial gaps and empower communities across the region.