HES FinTech has signed a Memorandum of Understanding (MoU) with Scoreplex, a platform providing alternative data for credit scoring and fraud prevention. This partnership is a big step forward in using different kinds of data to better assess credit risk and bring more people into the financial system, especially in places 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. But in many countries, lots of people don’t have this kind of financial history, so lenders can’t evaluate them using the usual methods. This leaves millions of individuals and small businesses unable to get loans.
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 give 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 Driving Force for Inclusive Finance
MSMEs, gig economy workers, and first-time borrowers can now be assessed based on mobile usage, utility bill payments, behavioral patterns, and digital activity. This creates 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 get:
- Better risk assessment – combining HES FinTech’s AI-powered automation with Scoreplex’s alternative data analysis.
- Smarter lending decisions – moving beyond outdated scoring models to find new lending opportunities.
- Enhanced fraud prevention – catching risks through real-time analysis of behavior and digital footprints.
- A more inclusive financial system – helping financially excluded populations, especially in developing economies.
The Future of Lending: AI + Alternative Data
As banks embrace data-driven lending, alternative credit scoring is becoming the new normal. HES FinTech’s AI-powered decision capabilities, combined with Scoreplex’s expertise in alternative data, will give lenders powerful tools to adapt to the changing landscape.
Both companies are committed to increasing financial inclusion and making lending more efficient. Going forward, they plan to create deeper technology connections, allowing lenders to easily access alternative data within HES FinTech’s lending platform.
