Online Loans Pilipinas Financing, Inc., (Online Loans Pilipinas), a fintech platform that caters digital financial solutions, partners with FinScore as their alternative data analytics company specializing in telco credit scoring and fraud flagging solutions for banks, financial institutions, and credit bureaus.
FinScore’s highly predictive telco scoring power and ability to retrieve a credit score in less than a second was successfully demonstrated in their Proof of Concept (POC) stage. The POC stage proved to add value to Online Loans Pilipinas’ credit risk management which sparked the credit scoring partnership.
As their credit scoring partner, FinScore helps Online Loans Pilipinas reduce credit risk and improve strategies in providing better financial services to the market. FinScore Telco Data Credit Scoring system uses over four hundred (400) telco variables such as call patterns, data and voice usage, top-up patterns, and location. This adds benefit for the online micro and consumer financing company to instantly score applicants across the Philippines. Credit decisions can be retrieved in less than a second through FinScore’s application program interface (API) integration.
With FinScore’s highly predictive machine learning technology, Online Loans Pilipinas can increase their opportunity to approve loans of up to PHP 20,000 for repeat borrowers and from PHP 1,000 to PHP 7,000 for first-time applicants.
Online Loans Pilipinas provides loan services nationwide. One way to expedite the disbursement of the loans is by choosing Instapay which gives the opportunity to get the money instantly in just a few minutes 24/7. Applicants who are included in the unbanked or underbanked population can avail of Online Loans Pilipinas’ financial services as well since FinScore can provide credit scores based on their telco data. With these, Online Loans Pilipinas can help promote financial inclusion in the Philippines.
About Online Loans Pilipinas
Online Loans Pilipinas Financing Inc. (https://olp.ph/) is a fintech platform that caters digital financial solutions in response to Filipinos needs. They are focused on online micro and consumer financing and aim to uplift the financial well-being of customers.
Online Loans Pilipinas offers an inventive, consistent and quick way to deal with customer loan products, by adjusting to the customers’ changing needs and serving with high business morals and transparency. For more information, visit their website: https://olp.ph/.
FinScore (https://www.finscore.ph/) is a financial technology companyin 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. For more information about FinScore, visit www.finscore.ph and follow us on LinkedIn and Facebook for the latest updates.