FinScore as Digital Credit Scoring Partner for UBX i2i Platform

FinScore as Digital Credit Scoring Partner for UBX i2i Platform

Credit Scoring Portal by FinScore, now available in i2i Portal

FinScore, a data analytics company and one of the pioneers in telco data-based credit scoring, signed a strategic partnership agreement with UBX Philippines (UBX), UnionBank of the Philippines’ (UBP) fintech subsidiary last February 17, 2020.

The FinScore partnership with UBX aims to enable rural banks in improving loan underwriting processes through the power of alternative data. FinScore’s proprietary telco data-based credit scoring portal is now available in UBX’s i2i platform which connects rural banks and other financial institutions to the main financial network.

FinScore as Digital Credit Scoring Partner for UBX i2i Platform
‘A great step towards Credit Scoring for All’ From left to right: UBX Chief Operations Officer Tonette Evalle, UBX President and Chief Executive Officer John Januszczak; FinScore Country Manager Christo Georgiev, Chief Innovations Officer Angel Dimitrov. Photo courtesy of UBX Philippines.

Since its launch in 2019, i2i has been known as a blockchain platform connecting 35 rural banks, with 150 branches and 250,000 accounts nationwide. Its blockchain technology enables i2i rural bank members to perform overseas transfers for Overseas Filipino Workers (OFWs) and send funds and payments to over 11,000 across the Philippines.

The partnership fortifies the power of the i2i platform by including the credit scoring portal. i2i rural bank members can fast-track and enhance their underwriting process. 

Besides traditional data such as age, work tenure, source of income, and homeownership, they can understand their customers better by using alternative data, including telco data. FinScore’s advanced analytics provides a credit decision in a matter of seconds based on airtime top-up patterns, verification of declared residential location, and device data.

 

UBX enhances FinScore partnership with ‘Credit Scoring Learning Series’

FinScore Chief Innovations Officer Angel Dimitrov imparting his alternative data scoring expertise to UBX learning series attendees
FinScore Chief Innovations Officer Angel Dimitrov imparting his alternative data scoring expertise to UBX learning series attendees
FinScore at UnionBank Plaza to start UBX Learning Series with Alternative Data Credit Scoring Session

On the same day of the signing, the first edition of the UBX Learning Series commenced with FinScore as the guest lecturer and spearheaded by UBX Head of Sales Jonathan Engalla. “Credit Scoring for All”, delivered by alternative data scoring expert Angel Dimitrov, focused on how alternative data credit scoring can help banks reach new clients, lower defaults, and prevent fraud. The attendees are composed of more than 20 attendees representing 13 financial institutions.

About FinScore

FinScore is a data analytics and alternative credit scoring company based in the Philippines that is powered by telco data and advanced analytics. Our digital credit scoring models and platform and fraud detection solutions help financial institutions reduce defaults, increase approval rates, and combat fraud.

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FinScore is a financial technology company in the Philippines that offers a powerful credit scoring platform and fraud detection tool based on alternative data, including telco-based data. As the pioneer in lending and scoring of the unbanked, we continuously empower banks, financial institutions, and credit bureaus with flexible platforms to help them make insightful and reliable credit decisions.

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  • Office Address: 27F, Suite C, One World Place, 32nd Street, Bonifacio Global City,
    Taguig City, Metro Manila, Philippines 1630
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