FinScore, an alternative data credit scoring company in the Philippines, wins The Asset Triple A Digital Awards as ‘Fintech Start-up of the Year’ for the second year in a row.
The Asset is the financial magazine for Asia’s decision-makers, providing unbiased and independent coverage on Asia’s financial industry. The Asset Triple A Digital Awards is in its sixth year, recognizing financial institutions and technology firms that have excelled in innovating and developing a unique digital experience for customers.
According to their Digital Awards website, “The Asset Triple A Awards has been built upon a stringent methodology, combined with the rigorous approach to the selection of the winners of the coveted Triple A Awards. The awards are adjudicated by The Asset’s board of editors who collectively have several decades’ worth of experience evaluating industry awards in the Asia-Pacific and the Middle East.”
FinScore is known to be the pioneer in Telco Data Credit Score in the Philippines. Telco data is based on over four hundred (400) telco variable as data and voice usage, top-up patterns, location, SIM age, and many more. Combined with FinScore’s Machine Learning algorithms cutting-edge technologies, such as Gradient Boosting and Neural Networks, FinScore is proven to have a highly predictive scoring power. FinScore scoring models have powered the telco credit scores of over 3.5 million Filipinos, leading to over $500 million in granted loans.
“Despite the limitations caused by the pandemic in 2020, we were able to reach remarkable milestones such as sealing strong data and business partnerships in both the Philippines and the SEA region, as well as serving new clients focused on digital banking, online lending, and buy-now-pay-later services.”, said Christo Georgiev, FinScore Country Manager, and Chief Strategy Officer. “Being recognized once more as a ‘Fintech Start-up of the Year’ by The Asset is a bright reminder for our team that we shall continue in pushing our abilities to contribute to bridging the financial gap in the Philippines.”
Full details about the winners of the Asset Triple A Digital Awards 2021 can be found at theasset.com/awards/digitalawards-21.
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 provides insights based on 400+ variables, including top-up patterns, voice and mobile data usage, duration of calls, SIM card age, and many more. For more information, please visit www.finscore.ph.