Building the credit footprint of every unbanked and underserved Filipino through KasamaKA
March 4, 2018 | 6:40pm
KasamaKA Credit Scoring Aggregator Initiative aims to turn digital trails into financial track records. PLDT/Released
MANILA, Philippines — Traditional banks rely on data that are biased against the poor, thereby shutting a population out of the financial system.
While many of the poor lack the capital, collateral or bank account, they nonetheless have alternative sources to establish their credit footprint.
KasamaKA Credit Scoring Aggregator Initiative aims to turn digital trails into financial track records in order to cover new-to-credit Filipinos by leveraging on big data analytics and statistical machine learning capabilities.
Through this facility, consumers will be able to know their creditworthiness, establish their credit profile and history, and enjoy access to affordable credit. This facility could also veer away Filipinos from '5-6' or informal lenders who charge usurious interest rates.
BrandSpace Articles
<
>
Philstar
- Latest
Latest
Latest
November 6, 2024 - 4:50pm
November 6, 2024 - 4:50pm
November 4, 2024 - 9:12am
November 4, 2024 - 9:12am
November 1, 2024 - 9:00am
By Aian Guanzon | November 1, 2024 - 9:00am
October 31, 2024 - 12:02pm
October 31, 2024 - 12:02pm
October 31, 2024 - 12:00pm
October 31, 2024 - 12:00pm
October 30, 2024 - 10:13am
October 30, 2024 - 10:13am
Recommended
19 hours ago
1 day ago
1 day ago
1 day ago
