CONSUMER lending firm SB Finance Co. Inc. said it is allocating 15 percent of its P3-billion additional capital infusion to digital technology. “Investment in SB Finance will be used to support our expansion, strengthen internal capabilities and invest in technology so at least for this year we’re allocating around 15 percent of that for our digital investment,” Joy Supan, SB Finance chief financial officer, announced during a virtual briefing on Tuesday. The company is a joint venture by the Security Bank Corp. and Thailand’s Bank of Ayudhya (Krungsri). Last February, Security Bank and Krungsri obtained board approvals to infuse P3 billion into SB Finance upon receipt of requisite regulatory approvals. SB Finance is also expanding its reach to the mass market with the campaign called “Dito, Pwede!”(It is possible here!

Source: Manila Times May 11, 2021 16:29 UTC