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Neo bank Tonik strikes a partnership with alternative credit scoring company FinScore


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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 Fi ....

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Finscore unites with Union Bank of the Philippines to boost accessibility to financial services in PH


Finscore unites with Union Bank of the Philippines to boost accessibility to financial services in PH
LionhearTV
1/12/2021
Lion s Den
Union Bank of the Philippines (UnionBank), a leading universal bank in Southeast Asia, ranked as Asia-Pacific’s second most helpful bank during COVID-19 and the only Philippine bank in the top 20 list, has signed a partnership agreement with FinScore, an alternative credit scoring company that is powered by telco data and advanced analytics, aiming to promote market efficiencies and expand the access of Filipinos to a broad range of financial services.
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This collaboration is especially important amid the immense demand for digital loans and financing due to the COVID-19 pandemic. This demand has been challenging for digital banks as Non-Performing Loans (NPL), or those unpaid at least 30 days past due date, soared and financial institutions in the Philippines were mandated to gra ....

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