SSS taps Standard Economics for micro loan program

The Social Security System (SSS) is partnering with tech company Standard Economics for the development and implementation of its planned microloan facility initiative.

In a statement issued Friday, the SSS said it signed a memorandum understanding (MOU) and non-disclosure agreement with Standard Economics last July 3, 2026 to develop SSS Loanlite, a proposed digital microloan facility designed to provide members with faster, safer, and more affordable access to short-term financial assistance.

The agreements were inked by SSS president and CEO Robert Joseph de Claro and Standard Economics president and CEO Evan Stanley Jones.

The pension fund said the initiative is intended to help SSS members access financial support with greater speed, security, and convenience, while strengthening the infrastructure used to assess, distribute, and service financial assistance at scale.

Under the partnership, SSS will utilize Standard Economics’ Economic Superintelligence platform for the digital microloan facility.

SSS said the company’s Economic Superintelligence platform combines secure financial infrastructure with advanced intelligence systems for identity, AI risk assessment, AI underwriting, payments, AI fraud prevention, and data security.

It said the platform is designed to help governments and institutions move, allocate, and manage money at population scale while improving the member experience.

“Standard Economics is honored to support SSS in its mission to serve Filipino workers and their families,” said Evan.

“Our goal is to provide modern financial infrastructure that helps institutions deliver support faster, safer, and more efficiently. We believe everyday, people deserve access to financial products that are trusted, high quality, and built around their needs,” added the Standard Economics chief.

De Claro, for his part, thanked Standard Economics for partnering with SSS.

“Your organization may be relatively new to the industry, but it shows a great promise through its innovations that enable faster loan disbursement, lower transaction costs, greater financial inclusion, automated processes and real-time monitoring,” said de Claro, adding “by leveraging blockchain technology and digital payments, you have the potential to be a true game changer.” — RSJ, GMA News