New TALA Managing Director Brings Data-Driven Solutions to Meet Filipinos’ Need for Financial Access

Global fintech platform TALA welcomes new CEO, Donald Evangelista, whose expertise in data-driven innovation, business strategy and digital transformation will be integral to the company’s mission to bring financial freedom and inclusiveness to more Filipinos, especially the underbanked.

Donald Evangelist

Evangelista’s background in data science, customer intelligence, information management and big data has placed him at an opportune time to explore and expand the 1.8 million ‘Filipino borrowers who have used TALA’s accessible, secure and flexible financing benefits. “We are excited and anticipate the explosion of blockchain and crypto to provide the backbone of our infrastructure that can further elevate our financial inclusion mission,” Evangelista said.

“We anticipate this will allow Tala to provide more financial services to our existing customers at lower fees and with higher returns for them. We are using the expertise we have gained over the years to bring more products and services to more underbanked customers in our current and future markets,” he added.

With over seven years of experience, TALA has provided financial access to over 6 million people worldwide with over $2.7 billion in credit.

The company’s pioneering use of alternative data, which recognizes a borrower’s creditworthiness in a way that traditional loans do not or cannot, has resulted in an overall repayment rate of over 90%.

TALA’s 95% retention rate confirms the trust and value customers place in its long relationship with the company beyond the first loan.
A groundbreaking innovation is TALA Loans Your Way, which is designed to address the unique financial hurdles Filipino borrowers regularly face. Users of the TALA app can experience flexibility when it comes to the terms of their loans. They can choose their loan maturity date based on their next payday cycle or other financial obligations, allowing them to repay easily and with confidence. Paying loans on time also boosts a TALA app user’s credit score, allowing them to reapply for larger loan amounts.

“TALA’s typical client is a working mother who uses the credit to pay for household items for her family or to support a small side business. Under typical fixed-term loan products, his repayment date would have fallen at an inconvenient time, such as between two paychecks. Now, with TALA, she can line up her loan repayment at a more convenient time that works best for her,” Evangelista said.

Prior to assuming the role of Managing Director of TALA, Evangelista was part of the APAC leadership team at Bain & Company, a leading global management consulting firm where he advised leading financial services firms in Asia and in ANZ regions.

He was Country Managing Director of Nordic consulting firms QVARTZ Analytics & BusinessMinds, where he managed the data and analytics business portfolio, operations and service delivery teams for Manila and Denmark’s offshore markets. , Australia and Singapore.

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