FINSCORE
In this edition of FinScore Answers Questions (FAQ), Mr. Christo Georgiev, FinScore Country Manager and Chief Strategic Officer, answers the FAQ of the week based on the trends on consumer behavior that the FinScore’s team of Big Data experts have observed based on telco data.
Making credit scoring available for all has been the mission of FinScore. It has always been our aim to provide innovative scoring solutions to the ever-growing needs of banks, financial institutions, and credit bureaus, and to become an instrument in promoting financial inclusion in emerging markets.
The Rise of Alternative Data Sources in the Philippines As the demand for financial inclusion grows, alternative data sources are becoming popular tools for credit scoring companies in countries like the Philippines, where a large portion of the adult population is unbanked. Alternative credit scoring, with the use of alternative data sources such as telco data, has
GDS Link Asia Philippines Inc. (GDS Link), a global leader in credit risk management, providing tailored software solutions, analytical and consulting services, integrates with FinScore, an alternative credit scoring company that is powered by telco data and advanced analytics.
The financial technology industry is constantly facing waves of change and growth. Emerging technologies such as big data, artificial intelligence, and machine learning could have the potential to drive further innovation and to improve financial inclusion in developing countries like the Philippines. Data from the World Bank showed that in 2017, only 34.6% of Filipinos
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.
