We are thrilled to announce that Trusting Social AI Philippines, our subsidiary in the Philippines, has won the prestigious Data Solutions award in the 2nd GCash Digital Excellence Awards. The award recognizes our expertise in handling data while adhering to the highest data privacy standards in the Philippines.
Did you know that the Philippines has a strict data privacy regulatory framework? This framework is governed by the Data Privacy Act of 2012 (DPA), which aims to protect the privacy of personal information and ensure the rights of individuals. The National Privacy Commission (NPC) is the main regulatory body responsible for enforcing the DPA and promoting data privacy awareness.
At Trusting Social AI Philippines, our commitment to data privacy is reflected in our recent recognition at the 2nd GCash Digital Excellence Awards. We won the Pioneer Award for Data Solutions, which honors outstanding enterprises and MSMEs that uplift the lives of Filipinos through innovative, safe, and convenient digital finance technology. “This event is recognizing industry leaders who have advanced their services through innovative solutions and improved customer experiences. We are also celebrating our partnership in digital transformation efforts.” Renren Reyes, President and CEO of G-Xchange, Inc. said in his opening remarks.
Our expertise in handling data while adhering to the highest data privacy standards in the Philippines has enabled us to deliver disruptive financial products to underserved communities in the region. Using advanced machine learning and AI technology, Trusting Social has developed world-class credit scoring models and licenses them to top telcos in Vietnam, Indonesia, India, and the Philippines, serving over one billion subscribers.
We have also developed the first eKYC solutions for top banks in Vietnam and revolutionized co-lending by creating the first-ever digital onboarding process, partnering with pioneering banks and consumer brands to deliver innovative financial products to underserved consumers.
Our achievement in the GCash Digital Excellence Awards showcases our dedication to empowering Filipinos with access to digital finance technology. Trusting Social AI Philippines will continue to work closely with GCash and other partners to help transform the country into a more financially inclusive society.
As a trusted fintech company backed by renowned investors, we are well-positioned to continue our mission of driving financial inclusion and improving the lives of millions of people in the region. Trusting Social believes that data privacy is essential to building trust with customers, and it is our top priority to deliver innovative financial products while adhering to the stringent data privacy regulations in the Philippines.
Trusting Social is backed by renowned investors such as Masan, Sequoia Capital, BEENEXT, Tanglin Ventures, 500 Startups, Kima Ventures, and Genesis Alternative Ventures, among others. With their support, we are well-positioned to continue our mission of driving financial inclusion and improving the lives of millions of people in the region.