Fraud detection finds and stops fraudulent activities in finance, healthcare, e-commerce, and other fields. It uses technology, statistical analysis, and human knowledge to look for unusual or suspicious patterns in data, transactions, or behaviors that could be signs of fraud. If you’re in the business and financial sectors, you need to know how fraud detection
Bank fraud is a serious issue that has become even more rampant as the digital world continues to expand. Today, individuals who experience fraud find themselves woefully unprepared for such an experience. This is why knowing what to do after a fraud transaction is valuable knowledge for digital dwellers. What is Online Bank Fraud? Online
MANILA, Philippines, 10 May 2023 — Manila-based LF Lending Services is on the verge of digital transformation, starting with the integration of telco data into existing credit decisioning models. Unique insights from telco data allow LF Lending to predict repayment behaviors with improved speed and accuracy. Telco data, as supplied by alternative data aggregator FinScore, serves as proof of creditworthiness for thin-file borrowers who may not have a bank account or credit history.
MANILA, Philippines, 28 April 2023 — Your credit information is now at your fingertips.
Alternative Credit Scoring leader FinScore launches its online credit score delivery portal. In a robust integration with the Credit Information Corporation (CIC) and CRIF, this digital solution provides a convenient alternative to the traditionally arduous process of obtaining a personal credit report.
Millions of Filipinos receive daily random text messages from unknown numbers instructing them to follow a link to claim something they’ve won. Oftentimes, these links are fraudulent, leading to countless SIM phishing attacks on many Filipinos. The Philippine government passed a law requiring all SIM card holders to register their numbers or risk deactivation to
MANILA, Philippines, 31 March 2023 — In 2022, FHL Financing Company Inc. launched Salmon, a consumer lending-first fintech start-up in the Philippines. Salmon aims to make shopping simple, intuitive, and rewarding for both merchants and consumers. Powered by FinScore’s telco data and advanced analytics, Salmon offers flexible financing terms and generous loan amounts to merchants and the ability to defer shopping bills over several monthly installments to buyers.
MANILA, Philippines, 24 March 2023—In its sophomore year in the business, Mocasa doubles down on its commitment to help bridge the financial gap in the country. Through its 0-interest credit payment service, the Philippines-based fintech platform supplies a “smart” and fitting credit line to its users that is adjusted based on their spending habits and repayment behavior.
The eCommerce industry in the Philippines is an interesting scene. As more and more online stores open their doors each year, the number of people who shop online grows. In fact, the Philippine e-commerce market is projected to be worth $24 billion by 2025. This is mainly due to the COVID-19 pandemic, which caused Filipinos
MANILA, Philippines, 27 October 2022 – The WeFund-operated online lending company, JuanHand, amplifies its credit scoring efforts with alternative data. FinScore developed a bespoke, AI-powered Telco model which helps the lending outfit easily identify the creditworthy amongst the underserved.
Managing your finances can be quite tricky, especially with rising prices and unexpected emergencies. Many tips for money management focus on saving up and investing in stable business ventures. Amidst all this is the key consideration of whether your choices suit your lifestyle and location. In the Philippines, managing your personal finances can be quite