We are excited to announce our partnership with UNO Digital Bank, a leading digital bank in the Philippines, to drive financial inclusion by leveraging our AI-powered credit scoring platform. This collaboration will enable UNO to use Trusting Social's innovative technology and expertise for seamless customer onboarding solutions, including credit scoring.
Trusting Social's big data scoring technology has the ability to use telco data—a critical factor in the Philippine market with around 157 million prepaid mobile subscribers—to provide accurate credit risk profile assessments, including for unbanked customers. Johnny Escaler, CEO of Trusting Social Philippines, said: "Trusting Social and UNO recognize that solving the problem of financial inclusion in the Philippines will require bringing the best of both institutions to the fore—deep analytical expertise, best-in-class risk management, and deep domain expertise in building sustainable and inclusive products."
Manish Bhai, CEO of UNO Digital Bank, added: "Our partnership with Trusting Social will allow us to offer our services to unbanked Filipinos who otherwise won't have access to formal lending services. With Trusting Social's data science tools and technology, we will be able to access highly reliable risk profile information, making it easy for any credit-worthy Filipino consumer to formally borrow money in a faster and easier manner."
Trusting Social is an innovative fintech company that uses AI to drive financial inclusion. Our focus on technology and innovation has enabled us to deliver disruptive financial products to underserved communities in the region. With the support of renowned investors such as Masan, Sequoia Capital, BEENEXT, Tanglin Ventures, 500 Startups, Kima Ventures, and Genesis Alternative Ventures, we are well-positioned to continue our mission of driving financial inclusion and improving the lives of millions of people in the region.
Learn more about our partnership with UNO Digital Bank and how we are working together to transform the financial landscape for the unbanked in the Philippines https://fintechnews.ph/57339/lending/uno-digital-bank-taps-trusting-social-for-ai-powered-credit-scoring/