FinScore is awarded as the Best Fintech Start-up for Credit Scoring in the Philippines by Global Brands Magazine. The Global Brands Awards was established with the aim of honoring excellence in performance and rewarding companies across different sectors. The award honors companies that gave an exceptional performance in the field of Finance, Education, Hospitality, Lifestyle, Automobiles, & Technology.
“FinScore is honored to be awarded by Global Brands Magazine this year. The award affirms our ongoing pursuit in bridging the financial gap in the Philippines through the power of alternative data.”, said Christo Georgiev, Country Manager and Chief Strategic Officer of FinScore. “Using alternative data sources, including Telco data, FinScore’s credit scoring models, platform, and fraud detection solutions help financial institutions reduce defaults, increase approval rates, and combat fraud.”
Over 400 different aggregated variables power FinScore’s Machine Learning and Neural Network algorithms, which produce a credit score and several powerful fraud prevention flags that can help financial institutions to efficiently achieve goals like financial inclusion, increasingly accurate credit scoring, and reaching new customer segments. All these products are made available in real-time that can be used by banks and financial institutions instantly.
Last 2020, FinScore is able to deliver over three and a half million scores and facilitated USD 500 Million loans. The alternative credit scoring company is also recognized as the Fintech Startup of the Year by The Asset Triple A Awards and the Most Innovative Data-based Solutions Provider in the Philippines by Wealth & Finance Magazine, United Kingdom.
About Global Brands Magazine
Global Brands Magazine (https://www.globalbrandsmagazine.com/) is a leading brands magazine providing opinions and news related to various brands across the world. The company is head quartered in the United Kingdom. A fully autonomous branding magazine, Global Brands Magazine represents an astute source of information from across industries. The magazine provides the reader with up- to date news, reviews, opinions and polls on leading brands across the globe.
FinScore (https://www.finscore.ph/) 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 in the Philippines, they continuously empower banks, financial institutions, and credit bureaus with flexible platforms to help them make insightful and reliable credit decisions.
Interested companies or institutions may visit the website to sign up and choose the best subscription type. The score and identity checks can be instantly pulled from the ACE web-based portal or through API integration. Results are yielded in real-time, with options for report downloading.