MANILA, Philippines, Nov. 18, 2024 /PRNewswire/ -- Salmon, the fintech leader driving financial inclusion in Southeast Asia, has been recognized as the Leading Fintech Group Philippines at the esteemed World Business Outlook Awards 2024. This accolade highlights Salmon's ongoing innovation and dedication to modernizing the financial services sector in the Philippines.
The World Business Outlook Awards celebrate excellence across global industries, with Salmon honored for its groundbreaking use of technology, particularly in addressing the needs of underserved communities. This recognition underscores Salmon's significant contributions to enhancing financial access and empowering Filipinos.
Since its inception, Salmon has focused on bridging gaps in the Philippine financial ecosystem. By utilizing AI and cutting-edge technology, Salmon has enabled faster, more inclusive credit decisions, particularly benefiting Filipinos without formal credit histories. This approach has positioned the company as a major player in the fintech space, with strong potential to scale its impact across Southeast Asia in the near future.
Salmon's flagship product, the Salmon App, continues to redefine the customer experience by offering streamlined loan applications, financial management, and payment solutions. With a consistent 4.7-star rating, the app exemplifies Salmon's mission to provide accessible and user-friendly financial tools.
Salmon Co-Founder Pavel Fedorov reflected on the award: "Being named Leading Fintech Group Philippines 2024 fuels our commitment to making modern financial services accessible to everyone. This recognition highlights the impact we've made so far and strengthens our resolve to expand our services throughout Southeast Asia."
Salmon's recent oversubscribed $30M USD funding round further reinforces investor confidence in its growth strategy. Raffy Montemayor, Chairman of Salmon's Bank subsidiary, added, "This funding enables us to scale even faster and introduce more products that bridge the gap between traditional banking and fintech, empowering more Filipinos in their financial journey."
With its focus on financial inclusion and technological innovation, Salmon is poised to play a pivotal role in shaping the future of financial services across the region.
About Salmon Group Ltd
Founded in 2022 by fintech and banking veterans Pavel Fedorov, George Chesakov, and Raffy Montemayor, Salmon Group Ltd owns and operates subsidiaries in the Philippines, including Sunprime Finance Inc. and the Rural Bank of Sta. Rosa (Laguna), Inc., which was established in 1963. The Group is dedicated to expanding financial inclusion by providing customers with cutting-edge, customer-centric, AI, and data-driven banking and financial services. It is on a mission to empower clients underserved by legacy banks across Southeast Asia and is supported by world-class shareholders, including the International Finance Corporation, the sovereign wealth fund of Abu Dhabi (ADQ), and other blue-chip international and Filipino investors.
For media inquiries, please contact:
Salmon Communications Team
Email: pr@salmon.group
Website: www.salmon.ph
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Salmon Named Leading Fintech Group Philippines at the World Business Outlook Awards 2024
Salmon Named Leading Fintech Group Philippines at the World Business Outlook Awards 2024
Award winners unite to drive environmental stewardship, social responsibility, and corporate governance excellence.
BANGKOK, Nov. 18, 2024 /PRNewswire/ -- Some of the Asia's leading changemakers in sustainable development were recognized at the Asia Corporate Excellence and Sustainability Awards (ACES) ceremony last week. The ceremony honored those using creativity and innovation to advance a more sustainable, equitable and peaceful world.
Marking its 11th edition this year, the ACES awards was for the first time held for two days: November 14th to honor sustainability award winners and November 15th to dedicate to leadership award winners.
"The awards celebrated organisations across Asia that exemplify outstanding corporate leadership and sustainability practices, shining a spotlight on those spearheading the journey toward a sustainable future.
"The Sustainability Award Winners of this year's ACES Awards represent a diverse array of industries, unified by their unwavering dedication to environmental stewardship, social responsibility, and corporate governance excellence. Sustainability is not merely a goal; it is the bedrock of progress. The ACES Awards honour those who lead with vision and responsibility, demonstrating that business success and environmental stewardship go hand-in-hand," said Shanggari B, CEO of MORS Group, President of the ACES Awards, and ACES Council.
Organized by the MORS Group in collaboration with their strategic partners, ACES 2024 received an overwhelming number of 682 nominations from the melting pot of Asian businesses vying for a mention at the Awards. The submissions were from 41 industries spanning across 17 countries, which was a testimony to the positive reach of the ACES.
Reflecting on the significance of the ACES Awards and the remarkable achievements of this year's winners, Hemant Batra, Honorary Chairman of the ACES Awards, shared:
"The ACES Awards stand as a powerful testament to the transformative impact of purposeful leadership. This evening, we celebrate individuals and organisations who exemplify integrity, sustainability, and an unwavering commitment to driving lasting change. Their leadership inspires us all to aim higher and redefine the benchmarks of excellence in business and beyond."
After an expansive, thorough, and unbiased review process, there emerged 250 finalists across 31 categories from Malaysia, Thailand, Hong Kong, Indonesia, Brunei, Cambodia, Philippines, Singapore, Taiwan, Vietnam, Sri Lanka, Maldives and Nepal.
A total of 34 sustainability award winners were honored on Day One of the ACES awards ceremony.
Topping the list of winners was the Philippines, with prestigious companies like San Miguel Global Power and Development Bank of the Philippines clinching the Green Initiative Award, Coca-Cola Beverages Philippines, Inc. and GCash taking home the Top Sustainability Advocates in Asia Award, Energy Development Corporation with Asia's Green Company of The Year Award, iSupport WorldWide and Nickel Asia Corporation clinching the Inspiring Workplaces in Asia Award.
Wining the Top Sustainability Advocates in Asia Award was Danone Specialized Nutrition Sea whilst Cypark Resources Berhad won the Green Initiative Award, both from Malaysia.
Hong Kong's Henderson Land Development Company Limited was honored the Top Green Companies in Asia Award while Singapore's ComAp S.E. Asia Pte. Ltd. won the Green Initiative Award.
Through the ACES Awards, companies and leaders unite to not only showcase their sustainability achievements but also to engage in knowledge sharing, build valuable networks, and explore forward-thinking ideas that promote sustainable growth throughout Asia.
This effort was exemplified in the ACES Sustainability Summit which was held earlier in the day on November 14th.
In welcoming the delegates who were also ACES awards winners to the summit, Aubrens Managing Partner Dr Jayanthi Desan said the summit was aimed at unpacking several key sustainability tools to optimize ESG efforts and ultimately create value for organizations.
"I look forward to working together with everyone to firstly, identify key ESG topics and issues, how to unpack regulatory requirements with stakeholders needs," she said.
Dr Jayanthi who delved into the topic of Sustainable Value Mapping at the summit also said they will drive deeper as an organization in terms of risk mapping and opportunity assessment.
"And this is where the notion of sustainability value mapping really comes across because it is really talking about impact points across an entire organization because ESG needs to be embedded beyond selected data and disclosure.
"It needs to be actionable. It needs to show strategic advantage," said Dr Jayanthi who brings over two decades of expertise as a seasoned ESG advisor.
Delegates to the summit will be able to obtain a strategic evaluation where ESG stands for their organizations.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
ASIA CORPORATE EXCELLENCE & SUSTAINABILITY AWARDS 2024 HONORS LEADERS IN SUSTAINABILITY INNOVATION
