HES FinTech has signed a Memorandum of Understanding (MoU) with Scoreplex, a platform providing alternative data for credit scoring and fraud prevention. This collaboration marks a significant step in leveraging alternative data sources to improve credit risk assessment and financial inclusion, particularly in regions with a high percentage of unbanked and underserved populations.
Addressing a Critical Gap in Credit Scoring
The financial services industry has long relied on traditional credit data, such as banking transactions, credit bureau reports, and income statements, to assess borrower risk. However, in many emerging markets, a significant portion of the population lacks formal financial history, making it difficult for lenders to assess their creditworthiness using conventional methods. This exclusion prevents millions of individuals and small businesses from accessing fair credit opportunities.
With alternative data insights, HES FinTech and Scoreplex aim to bridge this gap and enable lenders to make more informed and fair lending decisions. Scoreplex provides real-time access to over 140 data sources, including digital footprint analysis, telecom data, online behavioral insights, and social graph analytics. These non-traditional data points offer a holistic view of a borrower’s financial behavior, allowing lenders to better assess risk, reduce fraud, and increase financial inclusion.
Traditional credit scoring models are no longer enough to serve today’s diverse financial landscape. Many potential borrowers are overlooked simply because they do not fit into the conventional credit system.
Dmitry DolgorukovCo-founder and CRO at HES FinTech
By partnering with Scoreplex, HES FinTech is integrating next-generation data-driven insights into our lending solutions, helping financial institutions make more accurate and inclusive credit decisions.
A Game-Changer for Inclusive Finance
This collaboration is particularly relevant for regions with a high percentage of financially excluded individuals, where alternative data serves as a crucial tool for expanding access to credit. MSMEs, gig economy workers, and first-time borrowers—who often lack formal financial records—can now be assessed based on mobile usage, utility bill payments, behavioral patterns, and digital activity, creating a more accurate and fair lending process.
Our goal is to redefine how creditworthiness is measured in the modern world. Traditional financial data is only part of the story.
Denis KhromovCEO of Scoreplex
With this partnership, lenders will benefit from:
- More comprehensive risk assessment – combining AI-powered lending automation from HES FinTech with alternative data analytics from Scoreplex.
- Smarter credit decisions – reducing reliance on outdated scoring models and unlocking new lending opportunities.
- Fraud prevention enhancements – detecting and mitigating risks with real-time behavioral and digital footprint analysis.
- A more inclusive financial system – supporting financially excluded populations, particularly in emerging and developing economies.
The Future of Lending: AI + Alternative Data
As financial institutions continue to embrace data-driven lending, alternative credit scoring is expected to become an industry standard rather than an option. The AI-powered credit decisioning capabilities of HES FinTech, combined with Scoreplex’s expertise in alternative data analytics, will provide lenders with an advanced toolkit to adapt to the evolving credit landscape.
Both companies are committed to driving financial inclusion and enhancing the efficiency of lending operations. As we move forward, we will explore opportunities for deeper technological integration, allowing lenders to access alternative data seamlessly within the HES FinTech lending ecosystem.
