Philippine lender SB Finance teams up with FinScore to enhance credit scoring power
SB Finance said it will use FinScore’s solution to predict the creditworthiness of borrowers.
Philippine lending company, SB Finance, has partnered with credit scoring firm, FinScore, to enhance its credit-scoring capabilities using alternative data.
With FinScore’s Telco Credit Scoring Solution, SB Finance will reportedly be able to predict the creditworthiness of borrowers and assess their capability to avail of the company’s various loan offerings.
Being able to determine Filipinos’ creditworthiness is critical to meeting their financial needs, especially amidst the economic effects of the pandemic, said SB Finance President and CEO Abbie Casanova.
“Through our collaboration with FinScore, more Filipinos will be able to avail of SB Finance’s services, therefore, improving financial inclusion to those with no credit footprint,” Casanova said.
SB Finance Corporation is a partnership between the Philippines’ Security Bank Corporation and Thailand’s Bank of Ayudhya (Krungsri), formed in 2020. The lending firm provides multi-purpose loans to clients.