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SB Finance, UBX team up to offer loan options

Published Dec 13, 2023 07:13 am

SB Finance Inc., a joint venture between Filipino bank Security Bank Corporation and financial institution Krungsri of Thailand, and UBX have entered into a strategic partnership to offer more loan options to Filipinos. 

In a statement, SB Finance said the collaboration with the leading open finance platform and digital solutions provider in the Philippines brings together the extensive financial expertise of SB Finance and UBX’s SeekCap innovative approach to digital lending.

Photo - SB Finance and UBX.png
(Left to right): John Januszczak, President and CEO of UBX, Abigail Dans-Casanova, President and CEO of SB Finance, and Michael Albert Rallonza, Sales and Distribution Head of SB Finance, made the partnership between the two companies official during an event in Ortigas.

This will create a powerful synergy that will benefit Filipino consumers and businesses that are seeking flexible financial solutions. 

Under the partnership, SeekCap will be adding SB Finance to its portfolio of lenders on its platform, providing Filipinos a broader range of lending products, including personal loans, business loans, and other credit facilities.

"Our partnership with SB Finance is a significant milestone for SeekCap. Together, we will be able to offer a more extensive range of loan options to Filipinos, making it easier for them to achieve their financial goals,” UBX President John Januszczak said.

SB Finance is the digital consumer lending arm of Security Bank. It was recently named as the Best Digital Consumer Lending company by The Asian Banker during its Finance Philippines Awards in 2023. 

"We are excited about this partnership with SeekCap, as it allows us to extend our financial solutions to a broader audience. SB Finance is dedicated to providing accessible financial products, and this collaboration reinforces that commitment,” SB Finance Abigail Casanova said. 

With the addition of SB Finance, SeekCap now has 16 lender partners that offer a range of lending products to Filipino clients. 

An alternative to traditional lending companies, SeekCap leverages its partners’ user base to offer loans to businesses and consumers. 

Through SeekCap, borrowers now have access to a range of loan products that can be tailored to their needs. 

Provided by partner banks, the loans offered on the platform may be processed in three to five days, which is significantly faster than the minimum 30-day approval time for most banks. 

“By collaborating with lenders, SeekCap aims to reach a wider audience of Filipinos, especially those who may have limited access to traditional banking services. Our partnerships align with the national agenda of expanding financial services to underserved communities and supporting economic growth,” Januszczak said. 
 

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