For individuals looking to get a new line of credit or take out a personal loan, there’s one variable that’s considered as the be-all and end-all of getting approved: credit scores. In a way, credit scores are the ultimate factor determining how your application will go. Because of their crucial importance, however, numerous credit score
Credit scores may just be one of the most important pieces of information about you. When you apply for a new line of credit, formal credit companies in the Philippines and abroad use credit scores to gauge your reliability and trustworthiness. It paints a picture of your financial standing, credit spending, and payment history. Thanks
When it comes to your financial stability, there’s a certain number that can easily measure your overall identity in the world of finances – Your credit score. This number effectively dictates your overall financial credibility, with banks and loaning companies largely depending on credit scoring companies to properly screen your ability to pay off potential
FinScore is the ‘Most Innovative Credit Scoring Solutions Provider Philippines’ 2022 – International Business Magazine
MANILA, Philippines, 24 August 2022 — FinScore was named the Most Innovative Credit Scoring Solutions Provider Philippines in the 2022 edition of International Business Magazine’s annual awards.
The International Business Magazine recognizes best-in-class achievements in international business and finance made by emerging industrial talent, global leaders, corporations, among others.
MANILA, Philippines, 10 August 2022 – FinScore continues its partnership with Provenir, a global leader in AI-powered risk decisioning software. An alternative credit scoring company in the Philippines, FinScore utilizes proprietary AI and Machine Learning technology in its predictive models to help banks and other financial institutions reduce defaults, increase approval rates, and combat fraud. The partnership empowers financial services organizations in the Philippines to rapidly incorporate telco data and tap into the credit potential of the region’s unbanked through a prebuilt integration within Provenir’s low-code user interface.
Banks and lending companies base your creditworthiness on credit scores. Think of it as your “trust rating.” With a trustworthy track record, financial institutions will let you take out mortgages and loans and qualify for credit cards. These ratings matter to financial institutions. It helps them avoid high-risk borrowers who are likely to default which
Credit scores are incredibly important information about your financial standing. In the Philippines, credit score isn’t always well-discussed, but it can affect major aspects of your life such as loan approvals and even employment opportunities. This is why discussions on how to improve your credit score in the Philippines are crucial. How To Improve Your
MANILA, Philippines, 19 May 2022 – FinScore, the leading alternative credit scoring provider in the Philippines, is excited to announce its highest services utilization – reaching a five-digit count in its daily total telco scores delivered. The rise was driven by the growing credit score pulls volume from FinScore’s existing major clients as well as contributions from newly onboarded clients and partners.
FinScore was recently awarded as Fintech Start-up of the Year – Philippines by The Asset Triple A Digital Awards for its continued efforts in uplifting financial inclusion in the Philippines through alternative credit scoring. FinScore has been awarded in the same category in 2020 and 2021, making the alternative credit scoring company a 3-peat winner.
Approximately 47% of adults in the Philippines remain unbanked or underbanked, which negatively affects their ability to secure financing – from property loans to personal loans. While there has been a dramatic increase in banked individuals since the start of 2020, a lot of adults are still unable to get approved for loans due to