Finscore
FinScore is a Philippine fintech company specializing in alternative credit scoring and fraud detection, founded to address the financial inclusion gap in the country.
Profile
Provides credit scoring and fraud detection services using alternative data like mobile phone usage patterns.
FinScore is a Philippine fintech company specializing in alternative credit scoring and fraud detection, founded to address the financial inclusion gap in the country. The company leverages telco data and machine learning algorithms to assess creditworthiness, particularly for the unbanked and underbanked segments. FinScore's flagship product, Telco Credit Score, provides rapid credit assessments using data from major Philippine telecom providers.
The company has gained recognition as a three-time winner of The Asset Triple A Digital Awards' Fintech Start-up of the Year (2020, 2021, 2022). FinScore serves financial institutions including banks, digital lenders, and credit bureaus, helping them expand their customer base while managing risk. Their technology platform includes both API integrations and a web-based portal called Alternative Credit Evaluation (A.C.E) Portal, which won second place in the Singapore FinTech Festival Global Awards in 2021.
The company operates from its headquarters in Taguig City, Metro Manila, with Christo Georgiev serving as Country Manager and Chief Operations Officer. FinScore has demonstrated consistent growth in the Philippine market, with particular success in improving approval rates and reducing fraud for its clients.
Who buys this
- Commercial banks
- Digital lenders and neo banks
- Buy-now-pay-later (BNPL) platforms
- Multi-purpose lenders
- Credit bureaus
Strengths and what to watch
Strengths
- Pioneering position in telco-based credit scoring for the Philippine market
- Proprietary machine learning algorithms with high predictive accuracy
- Rapid scoring capability with results delivered in under one second
Watch for
- Dependence on partnerships with telecom providers for data access
- Competition from traditional credit bureaus expanding into alternative data
- Regulatory changes affecting data privacy and usage in financial services
Key Information
- Founded
- 2018
- Headquarters
- Taguig City, Metro Manila
Frequently Asked Questions
What is FinScore and what do they do?
FinScore is a Philippine fintech company providing alternative credit scoring and fraud detection. They specialize in assessing creditworthiness using mobile phone usage data, particularly serving unbanked populations. Their solutions help financial institutions expand services while managing risk through machine learning and telco partnerships.
How does FinScore's Telco Credit Score work?
FinScore's Telco Credit Score analyzes mobile usage patterns from Philippine telecom providers to assess credit risk. Their machine learning algorithms process this alternative data to generate instant scores, helping lenders evaluate customers without traditional banking history. Results are delivered in under one second via API or web portal.
Which companies use FinScore's services?
FinScore serves commercial banks, digital lenders, BNPL platforms, and credit bureaus in the Philippines. Their clients include institutions needing alternative credit assessments for underbanked customers. Case studies show improved approval rates and reduced fraud for lenders using their telco-based scoring system.
What awards has FinScore won?
FinScore won The Asset Triple A Digital Awards' Fintech Start-up of the Year three times (2020-2022). Their A.C.E Portal placed second in the 2021 Singapore FinTech Festival Global Awards. These recognize their innovation in alternative credit scoring for the Philippine market.
Is FinScore only for customers with no credit history?
While FinScore specializes in assessing unbanked and underbanked individuals, their services also complement traditional credit checks. Financial institutions use their telco-based scoring alongside conventional methods for more comprehensive risk assessment, particularly for thin-file customers or fraud prevention.
How accurate is FinScore's credit scoring?
FinScore uses proprietary machine learning algorithms trained on Philippine telco data, demonstrating high predictive accuracy according to client case studies. Their system continuously improves through data refinement. However, accuracy depends on telecom data availability and may complement rather than replace traditional credit checks.
Sources
- www.finscore.ph — Product offerings and customer use cases
- www.finscore.ph — Company awards and recognition
- www.finscore.ph — Leadership information
- www.finscore.ph — Core product details