UNO DIGITAL BANK has partnered with technology firm Trusting Social to offer more Filipino consumers greater access to loans with the help of data science tools.
“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,” UNO Digital Bank Chief Executive Officer Manish Bhai said in a press release on Monday.Through the partnership, UNO plans to use Trusting Social’s expertise in AI-led customer onboarding solutions to achieve the digital bank’s aim of building a more financially inclusive banking landscape in the Philippines.
UNO said that Trusting Social’s big data scoring technology has the capacity to use telco data to provide accurate credit risk profile assessment, including unbanked customers. “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,” Trusting Social Philippines CEO Johnny Escaler said.
Trusting Social is an AI fintech company aspiring to democratize financial services through AI-based consumer insights and embedded finance, the media release said.
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