FINALIST outside of Japan

Philippines

Salmon is bringing technology-led modern financial services powered by AI to hundreds of millions of underbanked consumers in the Asia-Pacific region, starting with the Philippines. Salmon launched with an initial focus on making consumer lending products more accessible to Filipinos thanks to its proprietary data-centric origination engine that uses machine learning and multi-source consumer data to make fast and ever-more reliable credit decisions. This approach, combined with facial recognition technology that helps the company combat fraud, means Salmon can issue loans faster and with greater confidence than incumbent players. New technology-driven products and services are planned for 2024.

Pavel was Co-Chief Executive Officer of the parent company of Tinkoff Bank, one of the world’s largest and most profitable digital banks. He left the Tinkoff Group in 2022 to set up Salmon and to pursue the opportunity to build the best credit-led neobank in the Asia Pacific region.