DIGITAL bank Maya said it had released P67 billion in consumer loans as of September through its artificial intelligence (AI)-driven credit assessment system.
DIGITAL bank Maya said it had released P67 billion in consumer loans as of September through its artificial intelligence -driven credit assessment system.'AI is transforming how we approach banking,' Maya chief technology officer Alfred Lo said. 'It's not just about making credit accessible; it's allowing us to understand people's financial behaviors better and therefore offer solutions that fit their lives.
By leveraging data from user transactions, bill payments and other activities, Maya said it could process up to 50,000 loan applications daily, often approving and disbursing funds within hours. This streamlined approach aligns loans with individual risk profiles, promoting accessibility and sustainable lending practices.'Maya's AI model also focuses on risk management, which is central to its lending strategy,' Lo said.
Tags AI As Loan Disbursements Hit P67B
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