FINSCORE

Day: June 18, 2020

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FinScore Integrates with Chainlink, Releases Social Presence Score in Crypto Lending Markets & DeFi EcoSystem

FinScore Brings Alternative Credit Scoring to DeFi With Chainlink

This integration will allow lenders to access real-world data about their users with the FinScore Social Presence Score, one of our fraud prevention products. The Social Presence Score provides partial information about the identity, existence, and creditworthiness of the borrower, allowing better decision making for lenders and potentially reducing mandatory collateral requirements or interest rates for the crypto-backed trading of loans. The Social Presence Score is known to be a strong fraud indicator, thus allowing the lender to improve their understanding of the borrower.

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FinScore is a financial technology company in the Philippines that offers a powerful credit scoring platform and fraud detection tools based on alternative data, including telco-based data. 

As the pioneer in lending and scoring of the unbanked, we continuously provide fintech services that empower financial institutions, banks, and credit bureaus with flexible platforms to help them make insightful and reliable credit decisions. Contact us today to learn more about our products and solutions for financial institutions.

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