Shangri-La at the Fort in Manila, 2016 – Loansolutions.ph takes pride in the participation of CEO Jean-Patrick Bisson in the Philippines International Banking Convention organized by The Asian Banker held on October 7, 2016 in Manila where he shared information about the fintech company to participants at the event.
Mr. Bisson’s discussion was part of the convention’s The Asian Banker Fintech Showcase in Philippines segment which was set up to serve as an avenue for new players in the financial technology industry and the existing banks to have a discussion as well as to build a potential business relationship. Fintech players are said to be making a breakthrough in the industry here in the country.
At the event, Mr. Bisson shared that Loansolutions saw an opportunity of at least P146 million a year considering the possibility of having more or less 90 loan applications getting converted a day from around 2,000 applications submitted daily. Moreover, the CEO related that the company has seen a 60 percent rise in the number of booked loans from April to September this year. He also shared how the fintech company operates through the collaboration of partner banks and private lenders.
The Fintech Showcase segment also featured various case studies of bank internal innovations and fintech companies offering stunning potential and creativity in the fields of online and mobile platform, P2P lending platform, financial inclusion and branch innovations, among other related fields.
Fintech isn’t a new trend in the Philippines. In fact, Forbes Philippines has recognized that startups in this field are rapidly expanding since around 2011. In its October 2016 magazine issue, Forbes named Loansolutions as one of the top fintech startups in the Philippines.
Loansolutions is an online lending platform that serves as a matchmaker between loan seekers and banks or private financial establishments. Whether you’re searching for OFW, business, car or personal loan, their automated system can find a suitable deal for you in a matter of minutes. But the platform is not just your ordinary loan comparison site, as the company offers financial consultancy and assistance to borrowers from the moment they inquire until they finally get the loan they’re looking for. The company aims to provide Filipinos a hassle-free, productive and positive borrowing experience.
Based in Singapore, The Asian Banker provides strategic intelligence in the financial services industry, assisting decision makers to achieve business goals through the development of forward-looking and creative solutions.
Every year, The Asian Banker organizes the PIBC wherein players in the financial services industry such as senior practitioners, technology decision makers and thought leaders are all gathered together to stay up-to-date with the current trends that matter to them in the Philippines. Key speakers include Philippine banking regulators and international executives who provide valuable insights to the country’s current financial industry condition.
This year’s convention was held in Shangri-La at the Fort in Manila. Among the key speakers include Nestor A. Espenilla, Jr. from Bangko Sentral ng Pilipinas; Anurag Mathur from HSBC Singapore; Rana Peries from Barclays; Bill Chua from UOB; Dante Fuentes from Security Bank; and Mark Perez from Metropolitan Bank & Trust Company.