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
ADVANCE.AI partners with FinScore to boost alternative credit scoring and fraud prevention in the Philippines, SEA
ADVANCE.AI, a leading AI company specialising in digital identity verification, risk management and process automation, has signed a strategic data partnership with FinScore to help boost financial inclusion and access to the unbanked and underbanked customers in the Philippines and wider Southeast Asia (SEA). The partnership will strengthen the robustness of ADVANCE.AI’s credit profiling and risk management capabilities through FinScore’s digital solutions, namely Telco Data Credit Scoring and Fraud Prevention Solutions.
Cosmopolitan The Daily Gives FinScore the “Most Innovative Products in Alternative Credit Evaluation” Award
MANILA, Philippines, 02 March 2022 — We are happy to announce that we have been awarded with the “Most Innovative Products in Alternative Credit Evaluation – Philippines” by Cosmopolitan The Daily.
Cosmopolitan The Daily is a business publication that provides stories and key global trends in Finance, Technology, Energy, Real Estate, etc. They have offices in New York, Toronto, London, Dubai, Bangalore, Kuala Lumpur, and Sydney. Their readers are comprised of business leaders across the globe who keep themselves updated with information about their respective market sectors.
Alternative Credit-Scoring Provider Finscore Achieves 100% Mobile Subscriber base Coverage in the Philippines
Philippines-based alternative credit scoring company 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.
BlockchainSpace Taps FinScore’s Alternative Credit Scoring Expertise for Automated Credit Risk Assessment
BlockchainSpace and FinScore to bring automated alternative credit scoring and loan systems to guilds and players.
When it comes to financial matters, one of the numbers that can impact an individual’s financial life is their credit score. Whether they are buying a house or asking for a loan, their credit score determines how likely they are to accomplish their financial goals. Traditional credit scoring is quite rigid and unforgiving towards people