BlockchainSpace Taps FinScore’s Alternative Credit Scoring Expertise for Automated Credit Risk Assessment

Originally published from BlockchainSpace Medium page.

BlockchainSpace (BSPC) and FinScore to bring automated alternative credit scoring and loan systems to guilds and players.

We’re excited to announce our joint initiative with FinScore, a Philippines-based alternative credit scoring company that is powered by telco data and advanced analytics.

This project will explore automated credit scoring for guilds as well as giving individual players the ability to explore automated loan systems within play-to-earn guilds, creating a more financially secure atmosphere within the metaverse.

BlockchainSpace x FinScore

FinScore data analytics expertise will provide guilds and players with the tools necessary to assess and rate credit risk within DeFi communities. This initiative will provide FinScore with BlockchainSpace’s data feeds to explore data patterns and credit scoring models, while it enables BlockchainSpace guilds and players to obtain financing for scaling their business model, by leveraging their historical performance in the play-to-earn economies.

BSPC is thrilled to partner with FinScore to add more value to our robust network of gamers and guilds throughout the metaverse. An alliance with this level of expertise in the FinTech sector will streamline the path to success for the thousands of guilds we work with.

Why FinScore?

FinScore is an alternative credit scoring company that specializes in developing digital credit scoring platforms and fraud detection solutions to help businesses reduce defaults, increase approval rates, and combat fraud.

FinScore has the technology that can offer high predictive power for measuring creditworthiness for all market segments in the Philippines. Through FinScore’s advanced proprietary machine learning algorithms such as Gradient Boost and Neural Networks, combined with telco data variables from the two major Philippine telco companies, FinScore can help Filipinos of legal age to gain better access to credit.

FinScore’s flagship service, the Telco Data Credit Scoring, enables financial institutions, including commercial banks, neo banks, buy-now-pay-later (BNPL) platforms, digital lenders, and multi-purpose lenders to determine the creditworthiness of their loan applicants that have little to no credit data.

Notably, FinScore has become the first company to determine the creditworthiness of 100% of mobile subscribers in the country — the highest market reach in the Philippine alternative credit scoring market.

FinScore’s Christo Georgiev (Country Manager and Chief Operations Officer) and Angel Dimitrov (Chief Revenue Officer) aim to extend their organization’s expertise in digital credit scoring through artificial intelligence and machine learning technology to new and thriving business landscapes, including the cryptocurrency market. Through this, taking on the automated credit risk assessment initiative with BlockchainSpace will benefit its play-to-earn guilds in terms of unlocking opportunities for financial growth.