FinScore inaugurated its Credit Risk Academy on May 29, 2024, at Manila House in Bonifacio Global City. This comprehensive six-week online course aims to enhance understanding of credit scoring practices for both individuals and financial institutions. The program is a collaborative effort between FinScore, FinTech Alliance Ph, the Credit Information Corporation (CIC), and the Credit Information Bureau.
Key figures at the launch included Lito Villanueva, chairman of FinTech Alliance Ph; Christo Georgiev, chief executive officer of FinScore; Angel Dimitrov, chief data product and customer success officer at FinScore; and Atty. Ben Baltazar, president of CIC. They underscored the course’s significance in promoting financial education and its potential impact on the nation.
The course has already attracted over 140 registrants from 100 different financial institutions. Baltazar highlighted the program’s ability to create a “ripple effect” across the country by enhancing financial literacy among all stakeholders.
FinScore is a leader in alternative credit scoring, having facilitated over $2 billion in loans. They utilize telco services to assess creditworthiness through data points such as phone usage, device data, top-up patterns, and online spending behaviors. This innovative approach provides a more comprehensive evaluation of an individual’s credit score beyond traditional methods.
The Credit Risk Academy represents FinScore’s investment in financial education, equipping participants with the knowledge and skills necessary for informed and effective financial decision-making, ultimately empowering individuals to achieve financial independence and security.
In 2023, FinScore became a wholly-owned subsidiary of CTOS Digital Berhad, a prominent credit agency in the Association of Southeast Asian Nations region.
