FinScore’s CrediView Elevates Credit Scoring with Extensive Loan Inquiry Data
by Fintech News Philippines December 6, 2023FinScore, a Philippines-based alternative credit scoring provider, has developed a new tool named CrediView, which aims to enhance the credit assessment process beyond traditional methods.
CrediView grants banks and lenders access to a borrower’s recent loan inquiries across more than 40 financial institutions in the Philippines.
This capability offers financial institutions enhanced insights into an individual’s borrowing history, facilitating a more precise assessment of their creditworthiness.
Similar to a “credit bureau inquiry service”, CrediView is an add-on to FinScore’s telco scoring model which provides insights based on 400+ variables, including top-up patterns, voice and mobile data usage, duration of calls, SIM card age, and many more.
FinScore said that it is committed to privacy regulations, thereby building trust with clients and reinforcing the credibility of financial institutions using its services.
Christo Georgiev
“CrediView goes above and beyond, offering financial institutions a comprehensive glimpse into their clients’ past loan applications. Armed with this tool, banks and lenders can delve deeper into individuals’ financial behavior, achieve more accurate assessments of creditworthiness, expedite the approval process, and elevate overall operational efficiency. Ultimately, the aggregated information enables decision-makers to formulate well-informed choices that align with their strategic goals,”
said FinScore’s Country Manager and COO Christo Georgiev.
