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. Now in its fourth consecutive year, Wealth & Finance magazine’s FinTech Awards is launched to recognize the firms that are redefining finance and banking for the modern age, and for the modern consumer.
At launch, Awards Coordinator Chloe Smart commented: “I offer a sincere congratulations to all of the winners of this year’s programme. It has been wonderful to correspond with you all, and I hope you have a fantastic rest of the year ahead.
“We are proud to be recognized by Wealth & Finance International for our efforts in evolving and innovating credit scoring in the Philippines for financial institutions in both urban and rural areas so that they can have opportunities to serve even the underserved markets,” 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.
Wealth & Finance International Fintech Awards 2020 follows a methodology in selecting the winners: Entry, Evaluation, Judging, and Promotion. The selection is made by their senior judge, based on their professional researchers who scrutinized the submitted information across all mediums. To advance from nominee to winner, the candidate must be able to demonstrate expertise in a given area, dedication to client fulfillment, noteworthy performance, or commitment to innovation.
In the same year, FinScore has been awarded “Fintech Startup of the Year” in the Philippines in The Asset Triple A Digital Awards. The Asset is a widely recognized business news and research publication for the movers and shakers of the corporate world, providing unbiased and independent coverage on Asia’s financial industry.
About Wealth & Finance International
Wealth & Finance International (https://www.wealthandfinance-news.com/) is a quarterly publication dedicated to delivering high quality informative and up-to-the-minute global business content. It is published by AI Global Media Ltd, a publishing house that has reinvigorated corporate finance news and reporting.
Developed by a highly skilled team of writers, editors, business insiders and regional industry experts, Wealth & Finance International reports from every corner of the globe to give readers the inside track on the need-to-know news and issues affecting banking, finance, regulation, risk and wealth management in their region.
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.