FinScore 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.
We currently serve more than 12 companies in the Philippines. They are comprised of consumer lenders, payday lending, digital lending platforms, large consumer banks, thrift banks, and digital banks.
FinScore’s fraud prevention tools use Telco data to verify some of the information disclosed by the loan applicant. We offer different ways to know if an application is fraudulent or not.
No, FinScore does not guarantee the loan grant. The loan risk is entirely handled by the lending company.
Yes, before we perform any processes on their data, the borrower needs to give consent to the financial institution that will provide the loan. The consent is included in the terms and conditions of the lender.
This ensures that each borrower is fully aware that FinScore will score their telco data. As their credit scoring partner, we practice consent audit regularly to ensure that consent was obtained and stored properly for each individual application.
It takes less than 1 second to return a score to our clients.
Whether you’re a traditional bank, a credit bureau, or a consumer loan company, FinScore’s credit scoring, and fraud prevention tools, in general, can help your company in decreasing your default rate while increasing your approval rate. That means lower losses and higher profitability.
Our business development team is more than willing to help you with how to fully reap the benefits of FinScore’s data-driven solutions. Please do not hesitate to directly contact us so we can schedule a meeting with you at your most convenient time.
A free trial offer is not commercially viable since it incurs costs with our partners. We are conducting a proof of concept (POC) so that clients can apply the predictive power of our products to their company.
The cost of our services depends on the products availed, volume of requests, and duration of service.
Our business development team will be more than happy to discuss our standard rates and create a tailor-made proposal. Feel free to send an e-mail [email protected].