MANILA, Philippines, 27 October 2022 –The WeFund-operated online lending company, JuanHand, amplifies its credit scoring efforts with alternative data. FinScore developed a bespoke, AI-powered Telco model which helps the lending outfit easily identify the creditworthy amongst the underserved.
“This is a great milestone,” says FinScore Country Manager and Chief Operations Officer, Christo Georgiev. “Since our credit scores can be pulled in less than a second, JuanHand can keep their promise to provide loans as quickly as possible. FinScore is fully committed to delivering fast, secure, and inclusive credit scores for every Filipino.”
With over a million downloads on major application marketplaces, JuanHand is the go-to online lender for awesome customer experience. Users can get online cash loans of up to Php 15,000 within seconds of registration and valid ID submission.
For the management team at JuanHand, the customers are the big winners of this new partnership. “Our mission is to provide easy financial access for every Juan. A partnership with FinScore, the market leader in alternative credit scoring, is the natural path forward. Not only do their AI-powered services empower us to approve more loans, but it also helps ensure that we serve those previously unseen by the credit system.”
Currently, more than half of Filipino adults remain unbanked. 98%, however, own at least one type of mobile phone. Using alternative data sources like telco data, FinScore can help banks, lenders, and financial institutions determine creditworthiness for thin-file and first-time borrowers. This is done with accuracy and without bias thanks to the power of cutting-edge AI and machine learning technology. As financial products continue to be accessible and inclusive, we help bridge the unbanked and underserved towards the lives they deserve.
JuanHand is your reliable partner for quick cash loans. With its simple application and quick approval process, “Sagot ka na JuanHand!” anytime.
For more information, please visit https://www.juanhand.com/ or follow us on LinkedIn: https://www.linkedin.com/company/juanhandapp/about/
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 provide insights based on 400+ variables, including top-up patterns, voice and mobile data usage, duration of calls, SIM card age, and many more.
Senior Marketing Manager, FinScore