[FEATURING] Unistar Credit and Finance Corporation Entrust FinScore with Uplifting their Credit Scoring with Telco Data
Unistar Credit and Finance Corporation, a financing company based in the Philippines, partners with FinScore as their alternative data analytics partner for credit scoring and fraud flagging.
For over 15 years, Unistar has been serving Filipinos by providing affordable financing to a growing number of customers through its partner retail motorcycle businesses, Transcycle and Powercycle. Currently, its network spans over 250 branches nationwide.
In its goal to uplift more Filipinos with various financial needs, Unistar is taking a bold, decisive move as an organization by investing in financial technologies to deliver products and services further to the unbanked and underbanked, thus promoting expansive financial inclusivity across the country.
Empowering Unistar in this endeavor is a Philippines-based fintech company, FinScore, a trusted provider of Telco Data Credit Scoring and Fraud Detection solutions. FinScore’s solutions are based on over four hundred (400) Telco variables such as mobile data and voice usage, top-up patterns, duration of calls, SIM card age, location, and many more. Derived by cutting-edge technologies, such as Gradient Boosting and Neural Networks, the Telco Score has high predictive power, offering a unique data source. The technology can be easily integrated via ACE Web-based Portal or API integration.
Equipped with FinScore’s digital credit scoring solution, Unistar will be enabled to address the ever-changing economic landscape of the country, but also provide a more bespoke service to the hyper-segmented population.
“Unistar envisions the expansion of our financial products and solutions that truly respond to our customers’ uniquely Filipino needs and aspirations. This partnership with FinScore will enable us to deepen our understanding of, and our relationship with our customers so we may serve them better both on the ground, and via new digital channels,” Mark Dionisio-See, Chief Data Officer of Unistar, says.
FinScore Country Manager and Chief Strategy Officer says, “FinScore 100% supports financial institutions of any size, especially homegrown financial services companies that aim to support Filipinos by providing easily-accessible loans. We’re thrilled to partner with Unistar and being part of the digital transformation of their credit scoring model.”
About Unistar Credit and Finance Corporation
For over 15 years, Unistar Credit and Finance Corp. has been in service of the Filipino people. Primarily, the organization is the in-house financing arm of the Transcycle and Powercycle motorcycle retail business, which has over 250 branches nationwide, providing motorcycle loans to a growing number of Filipino customers. Apart from motorcycle loans, Unistar will soon offer business loans to MSMEs and other financial products that will strengthen the company’s vision: To be the leading financial institution in providing financial products and services in the pursuit of uplifting Filipino lives.
For more information, follow their LinkedIn page.
FinScore (https://www.finscore.ph/) is a financial technology company in the Philippines that offers a powerful credit scoring platform and fraud detection tool based on alternative data, including telco-based data. As the pioneer in lending and scoring of the unbanked in the Philippines, the company continuously empowers banks, financial institutions, and credit bureaus with flexible platforms to help them make insightful and reliable credit decisions.