March 10

Experian and FinScore to Raise Financial Inclusion in the Philippines via Alternative Credit Scoring

Through this partnership and subsequent access to Experian’s global know-how, FinScore will intensify its focus on delivering alternative credit scoring to help financial institutions reduce high default rates and prevent fraudulent activity, whilst simultaneously bridging the financial inclusion gap for unbanked individuals in the country. Banks and financial institutions that utilise the joint technology will be able to score the unbanked population and gain access to more relevant financial products and services that they need.

Source: Finextra (link opens in a new window)

credit scoring, financial inclusion