MANILA, Philippines, 16 August 2021 — International Business Magazine hailed FinScore as the Most Innovative Credit Scoring Solutions Provider Philippines 2021. The award-giving body is a Dubai-based awards journal and publication that recognizes businesses across the globe from the Middle East, Africa, the Americas, Asia, and Europe. Their primary objective is to admire best-in-class achievements made by emerging industrial talent, global leaders, corporations, etc., in international business and finance. Nominees have gone through stringent evaluations by expert panelists comprised of subject matter experts, the research team, and the editors.
FinScore is an alternative credit scoring company that provides Telco Data credit scoring and fraud detection tools to banks and financial institutions in the Philippines. The Telco Data Credit Score is based on over four hundred (400) telecommunication variables such as voice usage, top-up patterns, duration of calls, SIM card age, location, and many more. Derived through cutting-edge systems, such as Gradient Boosting and Neural Networks, the Telco Score has high predictive power and offers unique data about consumers. It can be seamlessly integrated via ACE Web-based Portal or API integration.
“We are delighted to know that International Business Magazine has given this recognition to us,” said Christo Georgiev, Country Manager and Chief Strategic Officer of FinScore, “Providing unique credit insights to our partner banks and financial institutions through alternative data and advanced analytics has been our core mission. Being a recipient of this award further solidifies our footing in the Philippines as a leading alternative credit scoring provider.“
As of August 2021, FinScore has reached its milestone of delivering over 5 Million Telco Credit Scores, successfully conducted over 30 Proofs-of-Concept to its partner banks and financial institutions, and able to facilitate over USD 500 Million loans. FinScore was dubbed as the “Fastest Growing Digital Credit Scoring Platform” by Global Economics Awards and “The Best Fintech Start-up in The Philippines” by The Asset Triple A Awards. With the growing needs of enterprises to grow their businesses and address the market’s needs, FinScore continues its pursuit of developing and providing analytics solutions for businesses in the Philippines and beyond.
About International Business Magazine
International Business Magazine (https://www.intlbm.com) is a Dubai, UAE-based publication striving hard in line to carve a niche in an already aggressive and competitive world of Business and Financial Award Journals.
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.
To learn more about their services, visit https://www.finscore.ph/ and follow their LinkedIn page.
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.