Orix Metro Leasing and Finance Corp., a leader in the Philippine leasing and finance sector, announced a strategic partnership with CIBI Information Inc. (CIBI), the country’s pioneering credit bureau.
Under the partnership, Orix will integrate CIBI’s robust credit data and business intelligence solutions to better assess credit risk and enhance its financial offerings to clients.
Orix will utilize CIBI’s comprehensive credit information to strengthen its credit risk assessment processes, allowing the company to offer more tailored, data-driven financial solutions to businesses and individuals.
Orix Metro president Angelo Padua highlighted the value that CIBI’s services bring to the company’s offerings.
“This partnership with CIBI is a crucial step in enhancing our credit assessment capabilities and risk management practices. By leveraging CIBI’s deep database of credit information, we will be able to make more informed, data-driven decisions. With CIBI’s support, we are confident that we can further improve the quality and accessibility of our financial services,” said Padua.
CIBI president and chief executive Pia Arellano expressed her enthusiasm about the partnership, emphasizing the role of CIBI’s services in supporting Orix Metro’s growth.
“At CIBI, our mission is to provide businesses with the tools they need to make informed financial decisions. We are proud to partner with ORIX METRO, a company that shares our commitment to transparency and data integrity. With our comprehensive credit-related services, ORIX METRO will be able to strengthen its credit risk assessments, ensuring that they offer financial products and services that are well-suited to the needs of their clients,” said Arellano.
This collaboration promises to enhance Orix’s financial offerings by improving its ability to assess the creditworthiness of businesses and individuals seeking financing. By integrating CIBI’s credit information into its decision-making processes, Orix will be better equipped to offer more accurate financing terms, reduce risks, and provide quicker, more reliable loan approvals.
The partnership also aims to benefit the broader market by promoting greater financial inclusion.
With CIBI’s credit data, Orix will be able to extend financing options to a wider range of customers, including those who may have previously faced challenges in accessing credit due to limited credit history or information.
