The Credit Information Corporation (CIC), a government-owned and controlled corporation tasked with collecting and disseminating credit information, has recently accredited JuanScore as an Special Accessing Entity (SAE).
SAEs are private corporations engaged in providing credit reports, ratings, and similar credit information products, with access to the CIC’s pool of consolidated basic credit data.
The accreditation authorizes entities to use, retrieve, and evaluate credit data submitted to the CIC for developing value-added products and services.
“We are pleased to accredit JuanScore as an SAE since we believe Finvolution’s leadership in advanced AI and decades-long credit scoring experience in Asia will elevate how credit information is processed and used in the Philippines,” mentioned Atty. Ben Baltazar, president of CIC.
“JuanScore aims to transform the credit bureau industry by embedding advanced technology that can accurately assess the creditworthiness of every Filipino. JuanScore will also educate Filipinos on the importance of maintaining a good credit history and being responsible borrowers and users of financial services. This will lead to greater financial inclusion, eventually resulting in financial empowerment,” said Francisco Mauricio, chairman of JuanScore.
“By having a credible and nationally recognized credit score, Filipinos will have quicker, easier, and sustained access to financial services, leading to prosperity and a higher quality of life. This is JuanScore’s mission, and we are committed to making it a reality,” he added.