Banks, Lenders Get More Insights on Loan Applicants with CrediView by FinScoreby Fintech News Philippines July 19, 2023
FinScore, a Philippines-based alternative credit scoring provider, has introduced its latest offering CrediView – an add-on to its telco credit score.
Simulating a credit report, CrediView shows banks and lenders a borrower’s recent loan inquiries from over 40 financial institutions in the Philippines.
Describing CrediView as an offering that is similar to a “credit bureau inquiry service”, FinScore‘s Country Manager and COO Christo Georgiev said the product is a huge contributor to the credit decisioning process.
“CrediView gives financial institutions aggregated information regarding past loan inquiries. The reports have been enriched with the insights and experiences we gleaned from the many years we worked with banks and lenders.
In many use cases, CrediView reports has proven to be a powerful and reliable predictor of credit risk. It has enabled our clients to extend credit to more unbanked applicants, increase approval rates, and batch-score large volumes of potential borrowers, while reducing risk.”
This announcement comes on the heels of FinScore hitting the milestone of delivering 15 million credit scores and continues to roll out a steady pipeline of product launches and innovations.