GDS Link Asia Philippines Inc. (GDS Link), a global leader in credit risk management, providing tailored software solutions, analytical and consulting services, integrates with FinScore, an alternative credit scoring company that is powered by telco data and advanced analytics.
As a result of this partnership, GDS Link Asia Philippines’s clients can use an out-of-the-box integration that will enhance the credit scoring decisioning process and fraud detection.
GDS Link’s customer-centric risk management and process automation platforms are designed for the modern lender in their pursuit to capitalize on the entire credit lifecycle.
By providing a personal, consultative approach and leveraging their industry-leading knowledge and expertise, GDS Link’s solutions and services deliver exceptional value and proven results to thousands of clients around the world.
Currently, GDS Link Asia is being used by the country’s top financial banks such as China Bank, Land Bank of the Philippines, China Trust Bank, Philippine National Bank (PNB), Security Bank, Maybank, and they have done projects with CIBI, one of the major credit bureaus in the country.
The integration enables GDS Link’s clients to automate the credit decisioning regardless of a borrower’s credit history with real-time access.
The partnership ensures that GDS Link’s clients will have a unique view of their customers’ profile, gain opportunities to create better financial services, and fix unseen operational gaps. The score is retrieved via API integration in less than 1 second, providing instant and easily accessible credit scoring results at any time. FinScore helps the financial institutions make fast credit decisions as the scores are available within one second.
Telco data is based on over four hundred (400) telco variables as data and voice usage, top-up patterns, location, and device data. Combined with FinScore’s machine learning algorithms cutting-edge technologies, such as Gradient Boosting and Neuron Networks, FinScore is proven to have a highly predictive scoring power. FinScore scoring models have powered the telco credit scores of over 2.5 million Filipinos and over USD 500 million worth of loans have been disbursed in the Philippines.
Moreover, FinScore’s fraud detection tools will allow GDS Link’s clients to verify the authenticity of the applicant’s declared residential address and contact persons. The power of Telco Data, which is a type of alternative data, will enable GDS Link’s partners to score and provide financial products to the once untapped underbanked and unbanked adult population in the Philippines.
‘The collaboration between GDS Link and FinScore can help in bridging the financial inclusion gap for borrowers while providing tremendous added value for loan underwriters. With plenty of new ecosystem partnerships and satisfied clients in 2020, we look forward to expanding our services both in the country and the SEA region,” said Christo Georgiev, FinScore’s Country Manager.
FinScore is an alternative credit scoring company 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 and Southeast Asia, they continuously empower banks, financial institutions, and credit bureaus with flexible platforms to help them make insightful and reliable credit decisions.
About GDS Link Asia (Philippines) Inc.
GDS Link Asia Philippines (https://www.gdslink.com/) is a global technology and consulting company that delivers tailored, customer-centric business process automation solutions and analytical and consulting services.
They operate globally by having offices in Dallas (head office), Monaco, Madrid, Buenos Aires, London, Moscow, Johannesburg, and Manila (regional office focused on the ASEAN market).