MoneyCat Financing Inc. (MoneyCat), one of the top financing companies operating in Vietnam, Russia, and the Philippines, partners with FinScore, a Manila-based alternative data fintech company, as their technology partner for credit scoring and fraud flagging.
With the partnership, FinScore provides its proprietary Telco Credit Scoring technology to MoneyCat applicants based on over 400 telco variables such as data and voice usage, top-up patterns, location, and device data. Derived by the most advanced machine learning algorithms, the Telco Score has high predictive power and is offering a unique data source. Finscore’s proprietary algorithms are using cutting-edge technologies, such as Gradient Boosting and Neuron Networks. The score is retrieved via API call in less than one (1) second. The easy API integration provides instant decision and the MoneyCat Team gets access to immediate credit scoring results at any time.
In addition, FinScore’s fraud detection tools will allow MoneyCat to verify the authenticity of the applicant’s declared residential address and contact person through the API integration with FinScore’s proprietary telco score.
By using alternative data sources, such as telco data, to assess the creditworthiness of a consumer, FinScore is playing an important role in improving financial inclusion in the Philippines and helping the unbanked gain access to better financial aid services. Telco data has proven to have strong predictive power for credit risk assessment.
With FinScore’s highly predictive machine learning technology, MoneyCat can increase their opportunity to approve loans up to PHP 20,000 for the banked applicants. The customers can apply for loans online, after providing ID document, bank account, and phone number.
To apply, visit the MoneyCat website (https://moneycat.ph), fill up the information and click the “GET CASH TODAY” button. The amount will be transferred to the applicant bank account within 24 hours.
The streamlined credit scoring and fraud flagging process of MoneyCat provided by FinScore will ensure faster and easier ways for the Philippine market consumers to apply for financial products.
FinScore is an alternative credit scoring company 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 and Southeast Asia, they continuously empower banks, financial institutions, and credit bureaus with flexible platforms to help them make insightful and reliable credit decisions.
MoneyCat Financing Inc.( https://moneycat.ph) is among the top international financial consulting companies in Russia and Vietnam providing point of sale consumer financing. The company has now expanded and started its operations in the Philippines providing quick loans that allow customers to pay flexibly based on their ability to pay.