Alternative Credit-scoring Provider Finscore Achieves 100% Mobile Subscriber base Coverage in the Philippines

MANILA, Philippines, 16 February 2022 – Philippines-based alternative credit scoring company FinScore has become the first company to determine the creditworthiness of 100% of mobile subscribers in the country-- the highest market reach in the Philippine alternative credit scoring market. This followed the company's successful data-sharing partnership and completion of its integration with G-Xchange Inc. (GXI), allowing the company to calculate telco credit scores for mobile subscribers of industry giant Globe Telecom. FinScore's flagship service enables lenders, including commercial banks, neo banks, buy-now-pay-later (BNPL) platforms, digital lenders, and multi-purpose lenders to determine the creditworthiness of their loan applicants that have little to no credit data. Traditional credit scoring services only analyze a few data variables such as income level, homeownership, job title, and bank history. With over 70% of the unbanked and underbanked adult Filipinos, these traditional methods leave this segment underserved, with reduced ability to get approved for loans.