April 22, 2024

Welcome Bank alliances with FinScore offering alternative credit scoring services

FinScore and Welcome Bank alliance

Welcome Bank (Rural Bank) Inc., one amongst the Philippine subsidiary of the Korea’s Welcome Financial group, alliance alongside, the FinScore, the Philippines-backed alternative credit scoring provider.

Welcome Financial Group’s Profile: –

Welcome Financial Group is presently operating alongside 12 other subsidiaries within diversified financial arenas in Korea and is the fourth-largest savings bank in assets.

Welcome Bank (Rural Bank Inc.) is all poised to garner in active funding backed on their abundant liquidity of in excess of $3.6 billion in overall assets within the Korea to the Philippines, thereby dynamically applying in their banking operations thought focus within the Korean Headquarters.

Welcome Bank (Rural Bank) Inc. is all poised to uplift their banking operations from Korea to Philippines and have two established branches located in Pasig City and Alabang, Muntinlupa City.

Welcome Bank (Rural Bank), Inc. also in tandem alongside the FinScore’s fraud, security proof solutions like the listed one’s below: –

  • Geo-Location
  • Contact-individual fraud tools.
  • Integration of fraud and security tools via standard API.

Few of the diversified service and purposes offered via the Welcome Bank (Rural Bank), Inc. like: –

  • Individual salaries.
  • Business
  • Auto Loans
  • Condo Loans.

The vital prospect of forming an alliance together and tapping FinScore’s potential credit scoring tools by Welcome Bank (Rural Bank) Inc., was primarily for offering their clients promise of offering much superior service levels by integrating swifter, hugely predictive credit scores within their credit risk models.

FinScore’s Solutions as a firm and their credibility is based on over four hundred (400) Teleco variables backed with superior voice utilization, top-up patterns, call duration, sim card age, geo-location as well as many more such factors.

FinScore Awards: –

This current year FinScore had been adjudged two awards as by the Global Economics Award as “Fastest Growing Digital Credit Scoring Platform” and “The Best Fintech Start-up in The Philippines” by The Asset Triple Awards.

Christo Georgiev, Country Manager at FinScore stated out that; “The FinScore team is delighted to be working with Welcome Bank (Rural Bank), Inc. with our suite of Telco Data Credit Scoring and Fraud Prevention Tools. In this partnership, we are optimistic that Welcome Bank (Rural Bank), Inc will be able to achieve a vast market reach despite being new in the Philippine market while ensuring lower default and higher approval rates.”

Press Release received on mail



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