External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Neo bank Tonik strikes a partnership with alternative credit scoring company FinScore 04 February 2021 Source: Tonik Tonik, the first neobank in the Philippines operating under its own bank license by the Bangko Sentral ng Pilipinas (BSP) strikes a partnership with FinScore, the Philippines-based Alternative Credit Scoring company. The two fintech startups are on a mission to revolutionize the way Filipinos access loans for various purposes. To carry out this mission, FinScore's AI-powered Telco Data Credit Scoring technology will be integrated with Тonik's digital banking platform. Credit Score based on Telco data draws upon over four hundred (400) telco variables such as data and voice usage, top-up patterns, location, and SIM age, among others. Powered by FinScore’s cutting-edge technologies, the neobank will be able to provide a more efficient, secure and accurate way of processing loan applications to Filipino customers, all accessible and centralized in one mobile app.