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
Without a doubt, this is the question that interests our clients and prospects the most. In this edition of FinScore Answers Questions, our in-house advanced analytics and data science experts discuss the impact of COVID-19 and the Enhanced Community Quarantine (ECQ) on credit scoring in the Philippines.
With the partnership, FinScore provides credit scoring to City Savings Banks’ motorcycle loan applicants based on over 400 telco variables such as data and voice usage, top-up patterns, location, and device data. Before integration, FinScore performed six (6)-month data collection, and based on it created a bespoke Telco model for Motorcycle loans.
UBX’s i2i Platform, Powered by FinScore, Help Solve Rural Banks’ Agri-Agra Market’s Lending Challenges
BSP Proposes a Solution
The BSP Governor urges Congress to strengthen the law and proposes the following measures to “create a more inclusive new economy by supporting the development needs of the agriculture sector.” The proposed measures are the following…
FinScore Awarded Most Innovative Data-Based Scoring Solutions Provider in the Philippines by Wealth & Finance International Magazine’s Fintech Awards 2020
FinScore is awarded as the Most Innovative Data-Based Scoring Solutions Provider in the Philippines for their significant contribution towards the financial sector in the Philippines by the Wealth & Finance magazine FinTech Awards 2020, United Kingdom.
Since the start of the COVID-19 pandemic, consumer demand for digital banking has never been greater in the Philippines. For instance, one of the top commercial banks in the Philippines logged a staggering 259% increase on new sign-ups via its online banking service in the first three days following the government’s implementation of the Enhanced
Every new year brings fresh expectations, plans, and challenges for the future. Likewise, entering a new decade intensifies the momentum even more. However, 2020 will certainly be remembered as the year the entire world went unhinged. It’s safe to say that the COVID-19 pandemic has completely transformed the way the world operates, especially with social
Online Loans Pilipinas Financing, Inc., (Online Loans Pilipinas), a fintech platform that caters digital financial solutions, partners with FinScore as their alternative data analytics company specializing in telco credit scoring and fraud flagging solutions for banks, financial institutions, and credit bureaus.