FinScore is The Philippines’ Fintech Start-up of the Year 2022 – The Asset Magazine

MANILA, Philippines, 30 March 2022 – FinScore was recently awarded as Fintech Start-up of the Year – Philippines by The Asset Triple A Digital Awards for its continued efforts in uplifting financial inclusion in the Philippines through alternative credit scoring. FinScore has been awarded in the same category in 2020 and 2021, making the alternative credit scoring company a 3-peat winner.

Now in its 7th year, The Asset Triple A Digital Awards recognizes financial institutions and tech companies in Asia-Pacific and the Middle East who have demonstrated excellence in innovation and developed noteworthy digital experiences for their clients and customers.

According to The Assets’ award site, “The Asset Triple A Awards has been built upon a stringent methodology, combined with the rigorous approach to the selection of the winners of the coveted Triple A Awards. The awards are adjudicated by The Asset’s board of editors who collectively have several decades’ worth of experience evaluating industry awards in the Asia-Pacific and the Middle East.”

“This recognition represents our team’s laser-sharp focus on bringing value to our partner banks and financial institutions in the Philippines. Being named as the best fintech start-up means that we also have the best talents on the team and it reflects on our performance in 2021,” said Christo Georgiev, Country Manager and Chief Operations Officer, FinScore.

“We’ve brought our flagship product, the Telco Data Credit Score service, into another frontier – raising our telco data market hit rate by 100%. This strengthens our footing as the leading alternative credit scoring provider in the Philippines and empowers our partner banks and financial institutions to confidently extend credit to unbanked and underbanked Filipinos. We are grateful to our ecosystem partners for the longstanding trust they place in us.”

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 that have little to no credit data. Through FinScore’s advanced proprietary machine learning algorithms such as Gradient Boost and Neural Networks, combined with telco data variables from the two major Philippine telco companies, FinScore can help Filipinos of legal age to gain better access to credit. FinScore has the technology that can offer high predictive power for measuring creditworthiness for all market segments in the Philippines.

Partners who will subscribe to the service can either integrate via a standard application programming interface (API). Alternatively, they can also use FinScore’s Alternative Credit Evaluation (A.C.E) Portal, a web-based platform that was awarded the 2nd place winner in the Singapore FinTech Festival Global Awards last November 11, 2021. The telco score is provided in less than a second.