MANILA, Philippines, 19 October 2021 — FinScore has been recognized as a Circle of Excellence Awardee for the Straive Technology Company of the Year category in the recently concluded Asia CEO Awards 2021. The award is provided to corporate organizations, academe, and startup companies that focus on information and communications technology, biotechnology and material science, sciences, and math & engineering.
Asia CEO awards is the largest business awards event in the Philippines and one of the largest events of its kind in the Asia Pacific region. Its purpose is to promote the Philippines as the premier business destination for global enterprises. The event is considered a must-attend occasion for business leaders active across the region.
“It’s a great honor to be recognized for our efforts in promoting financial inclusion in the country and to be able to receive external recognition for our fight in the front,” said Christo Georgiev, FinScore Country Manager, and Chief Strategy Officer. “We are very excited to continue our journey on the market.”, he added.
FinScore is known for introducing Telco Data Credit Scoring in the Philippine market. It is built on over 400 various telco variables such as top-up patterns, voice and mobile data usage, duration of calls, SIM card age, and many more. Combined with FinScore’s Machine Learning algorithms’ cutting-edge technologies, such as Gradient Boosting and Neural Networks, FinScore is proven to have a highly predictive scoring power. FinScore scoring models have powered the telco credit scores of over 5 million Filipinos, 25 active clients, and over USD 640 million worth of loans have been disbursed in the Philippines.
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.