Markets

Four markets. Separate models. One integration.

Panthera's credit scoring models are built and maintained per country. Each model is trained on local data availability patterns, regulatory constraints, and borrower behavior specific to that market. Pooled training produces worse results in every market than country-specific modeling.

Market Profiles

Local data. Local models. Local compliance.

Vietnam

Active
Thin-File Context

Credit bureau coverage is below 35% of adults. Urban mobile wallet penetration (MoMo, ZaloPay) is above 80% among the working-age population, providing a dense alternative signal source unavailable to bureau-only models.

Data Sources

MoMo and ZaloPay transaction histories, Vietnam Posts and Telecommunications Group (VNPT) and Viettel utility billing records, VCB and Techcombank payroll transfer metadata, Shopee Vietnam e-commerce data.

Regulatory Framework

State Bank of Vietnam (SBV) Circular 39/2016 governs consumer lending. Panthera's outputs include documentation supporting SBV credit assessment requirements under the National Credit Information Center framework.

Indonesia

Active
Thin-File Context

SLIK bureau coverage is improving but still misses large segments of the informal economy. OJK-licensed digital lenders collect GoPay, OVO, and DANA transaction data at origination for AML but rarely use it for scoring.

Data Sources

GoPay, OVO, and DANA mobile wallet transaction logs, PLN (national electricity) and PDAM (water utility) billing records, Tokopedia and Shopee Indonesia installment history, Gojek driver income data (pilot).

Regulatory Framework

OJK POJK 10/2022 governs fintech lending. Panthera's scoring outputs are documented for SLIK supplementation under OJK credit scoring guidelines. Reason codes align with OJK consumer credit explanation requirements.

Philippines

Active
Thin-File Context

CIC (Credit Information Corporation) coverage is extensive for formal sector workers but has almost no data on OFW remittance-receiving households, agricultural workers, and informal economy participants, an estimated 40M+ adults.

Data Sources

GCash and Maya (formerly PayMaya) wallet transaction histories, MERALCO and provincial utility billing records, Lazada and Shopee Philippines installment data, Western Union and Remitly remittance receipt patterns.

Regulatory Framework

BSP Circular 1133 governs data privacy in credit assessment. Panthera's consent framework aligns with the Data Privacy Act of 2012 (RA 10173) and BSP's Open Finance Framework for data portability.

Japan

Active
Thin-File Context

Japan's credit infrastructure is strong for salaried workers but leaves sole proprietors, freelancers, and foreign workers (2.3M+ registered) largely unscored. PayPay dominates mobile payment with 60M+ users, providing a dense new data layer.

Data Sources

PayPay and LINE Pay transaction histories, Tokyo Electric Power (TEPCO) and regional utility billing records, sole-proprietor confirmed tax return metadata (kakuteishinkoku), eKYC-linked bank transfer patterns.

Regulatory Framework

FSA Act on Specified Commercial Transactions governs consumer credit. Panthera aligns with FISC (Center for Financial Industry Information Systems) security guidelines and the Act on Protection of Personal Information (APPI) for data handling.

Regulatory Alignment

Compliance documentation included with every deployment.

Each market has distinct regulatory requirements for alternative credit scoring. Panthera produces model documentation, reason code mappings, and consumer disclosure templates aligned to the relevant regulator for every lender deployment. Lenders are not left to build compliance documentation on their own.

Vietnam

State Bank of Vietnam SBV Circular 39/2016 compliance documentation. National Credit Information Center (CIC) supplementation guidance and NHNN data usage consent templates.

Indonesia

OJK POJK 10/2022 scoring documentation. SLIK supplementation templates, reason code format aligned to OJK consumer explanation requirements under OJK Circular 18/SEOJK.07/2018.

Philippines

BSP Open Finance Framework and Data Privacy Act RA 10173 consent infrastructure. CIC supplementary scoring disclosure templates and BSP Circular 1133 model documentation.

Japan

FISC security guideline alignment for data handling. APPI-compliant consent flows, FSA Act documentation for alternative scoring use in consumer credit decisions, and JFSA examination-ready model explainability package.

Coverage Numbers

The thin-file population across Panthera's markets.

120M+
Vietnam thin-file adults
Bureau coverage below 35% of adult population
180M+
Indonesia thin-file adults
Large informal economy segment outside SLIK
40M+
Philippines thin-file adults
OFW households and informal workers outside CIC
4M+
Japan thin-file segment
Sole proprietors, freelancers, and foreign workers
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Which market do you lend in?

Talk to our market team about the specific data sources available in your market, what approval lift to expect, and the regulatory documentation we provide at deployment.

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