MANILA, Philippines, 19 May 2022 – FinScore, the leading alternative credit scoring provider in the Philippines, is excited to announce its highest services utilization – reaching the highest five-digit count to date and steadily approaching six-digit daily 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.
This is the highest recorded number since the company launched the Telco Credit Score service in the Philippines. It also further uplifts the total lifetime pulls to over 7,000,000 scores.
The milestone is attributed to FinScore’s ability to reach 100% of the telco data market in the Philippines due to its established data partnerships with telco giants Smart and Globe and the revitalized economy in the Philippines.
Furthermore, the increasing number of credit score pulls strengthens FinScore’s advocacy that alternative data, combined with advanced predictive analytics and machine learning technology, can contribute to the pursuit of financial inclusion in the Philippines, and, thus, help banks and financial institutions achieve its growth goals and aspirations.
Should the market trends and momentum remain in an upward direction, the team is poised to surpass the current milestone, signaling FinScore’s continual dominance in the Alternative Credit Scoring market in the Philippines.
FinScore’s flagship service enables lenders including commercial banks, neo banks, buy-now-pay-later (BNPL) platforms, digital lenders, and multi-purpose lenders to determine the creditworthiness of their loan applicants who have little to no credit data.
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 schedule a demo. The score and fraud 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.