FinScore x UnionBank Partnership
FinScore x UnionBank Partnership

FinScore Seals Partnership with UnionBank of the Philippines to Boost Accessibility to Financial Services in PH

UnionBank of the Philippines (UnionBank), a leading universal bank in Southeast Asia, ranked as Asia-Pacific’s second most helpful bank during COVID-19 and the only Philippine bank in the top 20 list, has signed a partnership agreement with FinScore, an alternative credit scoring company that is powered by telco data and advanced analytics, aiming to promote market efficiencies and expand the access of Filipinos to a broad range of financial services.

This collaboration is especially important amid the immense demand for digital loans and financing due to the COVID-19 pandemic. It also supports FinScore’s mission to work with banks to improve financial inclusion and access to credit for consumers and small businesses left out of the traditional financial system.

FinScore and UnionBank are united by their commitment of harnessing technology to more quickly drive financial inclusion in the country. The partnership will enhance UnionBank’s credit decisions in several key products, including, but not limited to credit cards, quick loans, salary loans, POS loans, as well as enabling access to digital-first credit scoring solutions to its fully-owned subsidiaries.

FinScore is known to be the pioneer in Telco Data Credit Score in the Philippines. Telco data is based on over four hundred (400) telco variable as data and voice usage, top-up patterns, location, SIM age, and many more. 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 3.5 million Filipinos, leading to over $500 million in granted loans.

Christo Georgiev, Country Manager of FinScore, said, ‘’The FinScore team is both honored and excited to be working with UnionBank of the Philippines. Working arm in arm with the bank that is known to be the forerunner in banking and financial technology is a huge milestone for FinScore as we pursue our mission to help transform financial institutions of any size across the Philippines.’’

Manuel Santiago, Jr., Chief Mass Market and Financial Inclusion Executive of UnionBank said, “We at UnionBank look forward to a fruitful partnership with FinScore, enabling us to lend to even more Filipinos through digital-first credit scoring solutions.  This is a critical step forward towards our greater purpose to uplift lives and enable inclusive prosperity by extending banking and financial services to the mass market and the unbanked.”

In the same year, FinScore also sealed a partnership with UnionBank’s financial technology spinoff, UBX. i2i, the country’s largest financial network, now offers a credit scoring portal for rural banks and financial service providers powered by FinScore that can fast-track and enhance loan underwriting process.

About UnionBank of the Philippines

UnionBank of the Philippines (UnionBank) has always been among the first to embrace technological innovations to empower its customers. It embraces the future of banking and is committed to be the Philippines’ leading digital bank to best serve the growing needs of Filipinos everywhere. 

It has consistently been recognized as one of Asia’s leading companies, ranking among the country’s top universal banks in terms of profitability and efficiency. 

Determined to be an enabler of the Philippines’ bid to be a G20 country by 2050, UnionBank stands firm in its promise to power the future of banking by co-creating innovations for its customers and for a better world. 

For more information, visit their website: or follow them at LinkedIn.

About FinScore

FinScore is a leading fintech company and credit score provider in the Philippines, providing innovative scoring solutions to the dynamic needs of banks, financial institutions, and credit bureaus. FinScore’s telco data credit scoring in the Philippines allows institutions to offer better services to existing customers, attract new ones, and approach untapped market segments. Through their Telco Scoring model, FinScore provides insights based on 400+ variables, including top-up patterns, voice and mobile data usage, duration of calls, SIM card age, and many more. For more information, please visit

Media Contact:

Ralitsa Boyadzhieva, Marketing Manager, FinScore

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FinScore is a financial technology company in the Philippines that offers a powerful credit scoring platform and fraud detection tools based on alternative data, including telco-based data. 

As the pioneer in lending and scoring of the unbanked, we continuously provide fintech services that empower financial institutions, banks, and credit bureaus with flexible platforms to help them make insightful and reliable credit decisions. Contact us today to learn more about our products and solutions for financial institutions.