Manila, Philippines – Skyro, a financial technology firm, has recently announced that it has formed a strategic partnership with digital identity verification and risk management solutions firm ADVANCE.AI, with the goal of providing simple, secure, and customer-focused financial services in the Philippines.
In this collaboration, ADVANCE.AI will support the company in enhancing the customer registration process, as well as addressing the threat of identity fraud and the sophisticated use of AI-generated content by malicious actors.
This highlights both companies’ commitment to promoting financial inclusion and enhancing security measures both in the Philippines and throughout the region.
Commenting on the initiative, Sergey Donskikh, head of customer experience at Skyro, said, “At Skyro, we prioritise accessibility and convenience to deliver an exceptional, mobile-first customer experience. The challenge was how to balance a robust identity verification process while also avoiding high customer dropoff rates during registration.”
“With ADVANCE.AI, we designed a simple, fast, and safe customer onboarding journey, which has been key to our rapid growth and allowed us to minimise fraud risk while building customer trust,” he added.
Mike Calma, Philippine country manager at ADVANCE.AI, also remarked, “We are excited to partner with Skyro and their mission of building inclusive and trusted digital financial products and services.”
“Our digital identity verification and risk management technology allows the team to streamline the customer registration process while also addressing the threat of identity fraud and the increasingly sophisticated use of AI-generated content by malicious actors,” concluded Mike.
Since the company’s inception, Skyro has already expanded to more than 2,500 partner merchant locations and now serves nearly 200,000 customers in the Philippines with product loans, cash loans, and other lending products.
These services offer Filipino customers a streamlined process, competitive rates, and diverse payment options, providing flexibility, security, and convenience.
