AND Solutions & Esquire Financing to offer financial solutions in the Philippines

By Gloria Mathias

FinTech company AND Global’s subsidiary, AND Solutions, has announced a partnership with Esquire Financing Inc., a Philippines-based non-bank financial institution that specializes in providing business loans to SMEs.

The collaboration marks a step in streamlining and enhancing financial operations in the Philippines. Esquire Financing Inc. will integrate AND Solutions’ AI-based intelligent document processing system, mindox, along with advanced credit scoring solutions, to enhance their credit evaluation process.

The platforms powered by AND Solutions will be tailored specifically to Esquire Financing Inc.’s needs. By automating document processing and leveraging advanced analytics, these tools will streamline Esquire’s workflow, improve efficiency, and support more informed decision-making. The solutions will provide additional insights into loan applicants’ credit risks, operating as a supplementary assessment system to Esquire’s primary credit scoring process.

With Esquire Financing Inc.’s robust presence and credibility, AND Solutions anticipates a successful expansion of its offerings into the Philippine market.

This collaboration highlights AND Solutions’ commitment to revolutionizing the financial services industry by leveraging technology to improve efficiency, accuracy, and decision-making processes.

Baasandorj Davaasuren, Business Owner of mindox, said, “We are excited to introduce our intelligent document processing and credit scoring solutions in the Philippines through this partnership with Esquire Financing Inc., mindox, and our credit scoring solutions have enormous potential to streamline operations and facilitate access to financial services, promote financial inclusion and set new industry standards. This collaboration puts AND Solutions one step closer to meeting our goal of increasing financial inclusion across Southeast Asia.”

Edward Fidel C. Castillo – VP, Head of Technology at Esquire Financing Inc., said, “This partnership aligns with our commitment to leveraging innovative technologies to offer superior financial services to SMEs in the Philippines. We believe that the automation and improved analytics provided by AND Solutions will not only streamline our workflow but also support more informed and data-driven decision-making. We look forward to the positive impact this collaboration will have on our operations and customer service, setting new standards in the industry.”