Maya Bank posts record-high P67 B in loan disbursements

Digital lender Maya Bank has achieved a remarkable milestone by disbursing an all-time high of P67 billion in loans as of September, boosted by artificial intelligence (AI)driven credit assessments.

- By KEISHA TA-ASAN

The record-high figure highlights Maya's commitment to enhance credit access particularly for Filipinos who are often looked by traditional lenders.

"AI is transforming how we approach banking," Maya Group chief technology officer Alfred Lo said in a statement.

"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." According to the bank, the Al-driven lending model uses AI in assessing creditworthiness based on users' transaction history, app usage as well as minor transactions like bill payments or grocery purchases.