{"id":330205,"date":"2024-11-04T12:05:24","date_gmt":"2024-11-04T04:05:24","guid":{"rendered":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/?p=330205"},"modified":"2024-11-04T12:05:26","modified_gmt":"2024-11-04T04:05:26","slug":"trade-the-news-tels-maya-bank-posts-record-high-p67-billion-in-loan-disbursements","status":"publish","type":"post","link":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/trade-the-news-tels-maya-bank-posts-record-high-p67-billion-in-loan-disbursements\/","title":{"rendered":"Trade the News: TEL’s Maya Bank posts record-high P67 billion in loan disbursements"},"content":{"rendered":"\n
Potential Impact of this News<\/strong><\/td>POSITIVE on the stock price<\/strong><\/td><\/tr>
Company<\/strong><\/td>PLDT Inc.<\/td><\/tr>
Stock Code<\/strong><\/td>TEL<\/td><\/tr>
Long-term Recommendation on the Stock<\/strong><\/td>Buy<\/td><\/tr>
1-Year Target Price<\/strong><\/td>PHP 1,770.57<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
<\/div>\n\n\n\n

PLDT Inc. (TEL)’s digital lender Maya Bank has disbursed an all-time high of P67 billion in loans as of September, boosted by artificial intelligence (AI)-driven credit assessments, the company reported.<\/p>\n\n\n\n

The record-high figure highlights Maya\u2019s commitment to enhance credit access particularly for Filipinos who are often looked by traditional lenders.<\/p>\n\n\n\n

\u201cAI is transforming how we approach banking,\u201d Maya Group chief technology officer Alfred Lo said in a statement. \u201cIt\u2019s not just about making credit accessible \u2013 it\u2019s allowing us to understand people\u2019s financial behaviors better and therefore offer solutions that fit their lives.\u201d<\/p>\n\n\n\n

According to the bank, the AI-driven lending model uses AI in assessing creditworthiness based on users\u2019 transaction history, app usage as well as minor transactions like bill payments or grocery purchases.<\/p>\n\n\n\n

This instant assessment enables the bank to process up to 50,000 loan applications daily, with most borrowers receiving approval and funds within hours via its mobile app. The bank also employs predictive modeling to ensure that loans match individual risk profiles.<\/p>\n\n\n\n

Maya\u2019s AI model also emphasizes risk management, which is fundamental to its lending strategy. By consistently monitoring financial behaviors of customers, the platform targets borrowers who are more likely to repay. It dynamically adjusts credit limits to minimize the risk of default and ensure that borrowers can manage their debts responsibly.<\/p>\n\n\n\n

With AI, Maya said it saw rapid loan growth with significantly lower default rates. By utilizing AI models that quickly adapt to changes in credit behavior, the bank slashes its default rates by over 50 percent compared to when it launched its lending services in 2022.<\/p>\n\n\n\n

In addition to enhancing credit scoring, Maya\u2019s AI technology is crucial for fraud detection. It protects the lending operations by identifying fraudulent loan applications and preventing unauthorized withdrawals.<\/p>\n\n\n\n

(News Source: Business World<\/a>)<\/em><\/p>\n\n\n\n

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This report is prepared by PinoyInvestor\u2019s partner broker below. Find out more about our partner brokers<\/a> and sign up to avail their complete trading brokerage services.<\/em><\/em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Take advantage of the price opportunity that might arise when the news hits. Trade the news!<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1371],"tags":[],"class_list":["post-330205","post","type-post","status-publish","format-standard","hentry","category-trade-the-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"_links":{"self":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330205","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/comments?post=330205"}],"version-history":[{"count":1,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330205\/revisions"}],"predecessor-version":[{"id":330207,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/posts\/330205\/revisions\/330207"}],"wp:attachment":[{"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/media?parent=330205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/categories?post=330205"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pinoyinvestor.com\/smartinvestor\/wp-json\/wp\/v2\/tags?post=330205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}