Making credit scoring available for all has been the mission of FinScore. It has always been our aim to provide innovative scoring solutions to the ever-growing needs of banks, financial institutions, and credit bureaus, and to become an instrument in promoting financial inclusion in emerging markets.
We are carrying on our mission by partnering with APIX! Our alternative data credit scoring API is now accessible in the world’s first cross-border, open architecture API marketplace and sandbox platform for collaboration between FinTechs and financial institutions.
It is established by the ASEAN Financial Innovation (AFIN), a non-profit organization geared to facilitate innovation and cooperation between financial institutions and FinTechs. AFIN’s paramount mission is to digitally transform the banking and financial sectors across the ASEAN region and beyond to ultimately drive financial inclusion.
Digital bank builders can use any FinTech services such as core banking, cards, cyber-screening, digital ID, online remittance, regulatory reporting, customer engagement and credit scoring, in which FinScore is a part of.
FinScore Telco Data Credit Scoring 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, increase 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.
About AFIN
The ASEAN Financial Innovation Network (AFIN) (was established as a non-profit organization in 2018 by the ASEAN Bankers Association (ABA), International Finance Corporation (IFC), a member of the World Bank Group, and the Monetary Authority of Singapore (MAS). AMTD Foundation and Mastercard are AFIN’s Corporate Founding Members.
AFIN was set up with the mission to facilitate innovation and cooperation between financial institutions and FinTechs, in effort to digitally transform the banking and financial sectors across the ASEAN region and beyond to ultimately drive financial inclusion. It brings together financial industry participants to Discover, Design and Deploy innovative digital solutions within a collaborative ecosystem.
About APIX
APIX is the world’s first cross-border, open architecture API marketplace and sandbox platform for collaboration between FinTechs and financial institutions in which participants can integrate and test solutions with each other via a cloud-based architecture. To learn more about APIX , visit their website, or follow their LinkedIn page.
About FinScore
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 in the Philippines, they continuously empower banks, financial institutions, and credit bureaus with flexible platforms to help them make insightful and reliable credit decisions.
Get FinScore’s lates updates and promos on Alternative Data Credit Scoring by following their LinkedIn and Facebook page.
