WinAce unit launches novel IT service for loans

MANILA, Philippines - A business subsidiary of WinAce Holdings Philippines, Inc., has launched a new business solutions hassle-free IT service to facilitate application for loans — salary, car, housing or business — and other types of financial products free of charge to end users, chairman Teodorico T. Haresco Jr. announced yesterday.

Raining Pesos, Inc., offers the first of its kind business process in the Philippines which may be termed as a paperless transaction that makes application to procurement of your loan right at your fingertips, with comprehensive data of the financial product from various financial institutions, creating a one-stop-shop comparative matrix.

To start-up the newly registered corporation, Haresco appointed Jimmy Cassels as president and chief operations and technological officer. Thus, Casells will lead the new company as officer and incorporator-investor.

Cassels holds a Bachelor’s Degree in Physics from Rutgers University and a Master’s Degree in Manufacturing Systems Engineering at Stanford University. He has 10 years extensive experience in the field of information and systems application technology.

Cassels served as solutions architect for 12 Technologies where he made successful implementation of the supply chain management suite of the various technologies.

He moved on to manage the supply chain application group at Cypress Semiconductors Philippines and its corporate manufacturing planning team. His comprehensive background in information and systems designs and applications technology will be a great asset in moving forward Raining Pesos, Inc., Haresco said, adding that he looks forward to the success of Raining Pesos, Inc., under the stewardship of Cassels.