MANILA, Philippines, 13 December 2021 — FinScore has been hailed as the Credit Scoring Platform –Philippines 2021 by a UK-based publication, the Global Business Outlook.
Global Business Outlook is a magazine for industry leaders that provides factual and latest information about business and technology topics such as Global Banking, Insurance, Brokerage, Islamic Finance, Hedge Funds, Brands, Energy, Hospitality, Real Estate Startups, and emergent technologies such as Blockchain and Internet of Things.
The Global Business Outlook Awards seeks to recognize and reward excellence in businesses around the world. It is designed to facilitate the outstanding work of businesses and business leaders across industries, extending to the private and public sector thus marking a testament to the work of a myriad of businesses in terms of performance, innovation, and drive to create industry value.
Christo Georgiev, FinScore Country Manager and Chief Operations Manager, shares his appreciation for the award on behalf of the team, “We are humbled and honored to be awarded by the Global Business Outlook for this achievement. Prior to the end of 2021, we are able to reach major and minor milestones that made our footing stronger in the Philippine credit scoring market. One of the latest is our 100% Telco Market Data Coverage, which enables us to telco credit score each and every Filipino in the country.”
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 Boost and Neural Networks, FinScore is proven to have a highly predictive scoring power. FinScore scoring models have powered the telco credit scores of more than 6 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.