SSS Teams With Standard Economics to Develop AI-Powered Microloan Platform on July 3

According to the Social Security System (SSS) official announcement on July 12, the Philippine pension fund signed a memorandum of understanding and non-disclosure agreement with financial technology company Standard Economics on July 3 to jointly develop LoanLite, a digital microloan platform designed to provide members with faster, safer, and more affordable access to short-term financing.

The partnership will integrate Standard Economics' Economic Superintelligence platform, which combines artificial intelligence and blockchain technology to support identity verification, credit risk assessment, loan underwriting, digital payments, and fraud prevention. SSS President Robert Joseph de Claro stated that the collaboration aligns with the Philippine government's digital transformation strategy and aims to reduce loan processing costs while improving operational efficiency.