Trusting Social joins Visa Fintech Partner Connect to help banks and other lenders build profitable credit card and credit line portfolios targeting underserved consumers.
Singapore, 26 May 2021 - Trusting Social, the leading provider of AI-powered credit risk, identity and acquisition solutions to the lending industry in South & South East Asia, today announced that it has joined Visa Fintech Partner Connect—a program designed to help Visa’s issuing clients quickly connect with a vetted and curated set of technology providers.
Trusting Social uses proprietary IP to provide a suite of AI-led products to leading banks and finance companies, enabling them to provide credit to under-served consumers at scale.
Today, Trusting Social's credit insights cover more than a billion consumers and are used by over 130 financial institutions across Vietnam, Indonesia, India and the Philippines. Trusting Social is now focused on bringing its broader suite of AI-driven products and services (a full stack of lead generation, credit insights, eKYC, digital onboarding and portfolio management) to market, and to enable 100 million credit lines. Trusting Social has engineered rigorous process flows for all its products to meet consumer privacy and consent requirements.
“We are excited to work with Visa to bring our capabilities to their extensive bank and lender network.”, said Nguyen Nguyen, the founder and CEO of Trusting Social. “In all our markets, there is a massive opportunity to expand the coverage of regulated financial services to underserved consumers. We believe we have a unique and comprehensive set of products that have consistently enabled lenders to build profitable businesses that also benefit consumers.”
“In today’s climate, building a competitive financial product requires more technology than ever before. Consumers want seamless interactions across mobile and web, and they want access to a greater suite of digital banking capabilities,” said Terry Angelos, senior vice president and global head of fintech at Visa. “With Trusting Social participating in the Fintech Partner Connect program, our clients will have access to a powerful set of products for building new digital-first experiences.”