FinScore Empowered Over 15 Million Underbanked Filipinos with Credit Scores

FinScore Empowered Over 15 Million Underbanked Filipinos with Credit Scores

by June 19, 2023

FinScore, a Philippines’ alternative credit scoring provider, has achieved a significant milestone by delivering 15 million total credit scores.

This highlights the growing adoption of FinScore‘s services among banks and lending companies, as they strive to expand credit access for underbanked individuals in the Philippines.

Traditionally, financial institutions can only cater to individuals who have pre-existing banking relationships, leaving the underbanked population with limited or no access to credit.

Christo Georgiev, FinScore’s Country Manager and Chief Strategy Officer

Christo Georgiev

Christo Georgiev, the Country Manager and COO of FinScore, emphasised the company’s mission to enhance financial services in the country and support the empowerment of its citizens.

“In developing countries like the Philippines, majority of the population remain underbanked and unbanked because of limited financial literacy and lack of information.


With FinScore, banks and financial institutions can now provide loan opportunities to the previously underserved market.”

FinScore covers 100% of mobile subscribers of the leading Philippine telcos. Its flagship Telco Credit Scoring draws its high predictive power from over 400 telecommunication variables – including voice usage, top-up patterns, call durations, SIM age, and location, and cutting-edge machine learning techniques like Gradient Boosting and Neural Networks.

The alternative credit scoring provider also has a growing portfolio of fraud prevention products – among these are FindSocial, a social presence calculator; eKYC Base Check, a KYC tool that cross-checks personal data against external databases; and CrediView, an aggregator that reports an applicant’s loan inquiries from over 40 financial partners.

FinScore’s roster of clients include LF Lending, JuanHand, Mocasa, and Salmon among others.

Georgiev added,

“The current financial landscape empowers the underserved and underbanked. People who were once deemed “high-risk” can now be assessed fairly. They can apply for loans with minimal requirements and less hurdles to prove their creditworthiness.”