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FinScore program aims to create better credit scoring models in PHL

With the heavy reliance of Filipinos on informal credit, assessing their creditworthiness poses a challenge. State-run Credit Information Corp. (CIC) President and CEO Ben Joshua A. Baltazar said the credit scores of many Filipinos remain undetermined due to the sparsity of scored borrowers.  Credit score is a rating on a…

CIC accredits 4 new SAEs to boost credit reporting

THE Credit Information Corporation (CIC) accredited four new Special Accessing Entities (SAEs), enhancing the availability of information on credit reporting and scoring nationwide. The four new SAEs are Advintel Inc., Mitou Hongkong Ltd., Finvolution Group, and Trusting Social AI Philippines Inc. CIC said they will be subject to post-qualification evaluation…

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