Thursday, September 16, 2021

City Savings partners with FinScore for credit scoring

CITY Savings Bank, the thrift bank subsidiary of Union Bank of the Philippines and a member of the Aboitiz Group, has sealed a partnership with FinScore as one of its technology partners for credit scoring and fraud flagging.

With the partnership, FinScore will provide credit scoring for City Savings Banks’ motorcycle loan applicants. The bespoke model is based on over 400 telco variables such as data and voice usage, top-up patterns, location and device data.

FinScore will also provide fraud detection tools that will allow City Savings Bank to verify details such as the authenticity of the applicant’s declared residential and place of work addresses. The program uses API integration to make real-time inquiries that will help to determine the creditworthiness of applicants.

With FinScore’s highly predictive machine learning technology, CitySavings is now geared up to open more opportunities to approve loans for both banked and underbanked applicants. (PR)


SunStar website welcomes friendly debate, but comments posted on this site do not necessarily reflect the views of the SunStar management and its affiliates. SunStar reserves the right to delete, reproduce or modify comments posted here without notice. Posts that are inappropriate will automatically be deleted.

Forum rules:

Do not use obscenity. Some words have been banned. Stick to the topic. Do not veer away from the discussion. Be coherent. Do not shout or use CAPITAL LETTERS!

Create your own user feedback survey