Artificial intelligence (AI) is helping bridge the financial gap by using alternative data like utility payments, e-commerce activity and social media behavior to enable faster, smarter, and more inclusive credit assessments.
The Alliance for Financial Inclusion (AFI), citing the Bangko Sentral ng Pilipinas (BSP), cites alternative data as a strategic priority in advancing financial access nationwide. Lending platforms such as JuanHand are implementing this vision, using AI to expand credit access for millions of Filipinos traditionally excluded from the formal financial system.
JuanHand, the Philippine arm of NYSE-listed FinVolution Group, is a financial company that helps close access gaps through AI-powered innovation. It leverages a proprietary AI engine, refined through years in China’s high-volume fintech market, to assess creditworthiness using alternative data. The process is fast and accessible: approval can come in as little as five minutes with just one valid ID.
AI drives nearly every step of the lending cycle, from credit scoring and risk assessment to achieving 99-percent effective fraud detection and customer acquisition. Deep learning further strengthens the system by analyzing unstructured data, such as text from customer support interactions and app behavior.
