In the world of finance, creditworthiness has always been measured by traditional banking credit scores—like CIBIL, Experian, or Equifax in India. These scores are used by banks and lenders to decide whether to give you a loan, issue a credit card, or offer other financial products.
But in today’s fast-changing business environment, credit is no longer limited to banks and formal lenders. Businesses, freelancers, suppliers, and even individuals often extend goods or services on credit terms. Unfortunately, the traditional banking credit score doesn’t tell the whole story in these real-world transactions.
That’s where Finted Score steps in.
1. What is a Banking Credit Score?
A banking credit score is a number—typically between 300 and 900—calculated by credit bureaus based on your history with formal lenders. It considers factors like:
Your repayment history with banks/NBFCs
Loan and credit card utilization
Duration of credit history
Number of hard inquiries from lenders
Benefits:
Banking credit scores are the standard metric used by banks, NBFCs, and other financial entities. A strong credit score improves your chances of securing loans, credit cards, and favorable interest rates. It reduce banks NPA over time and improve peoples credit worthiness.
Limitation:
If you’ve never taken a bank loan or credit card, your banking credit score may be low or non-existent—even if you’ve been a responsible payer in business or personal dealings. It has no impact outside of banking sector.
2. What is the Finted Score?
The Finted Score is a modern, community-driven credit rating system.
It captures real-world trustworthiness by factoring in:
Payment behavior in B2B transactions
Balance confirmations and credit acknowledgements between parties
Timely or late payment of invoices
Digital agreements (secured with blockchain for authenticity)
Peer ratings and trust badges
Even if you’ve never borrowed from a bank, your Finted Score reflects how reliable you are in meeting financial obligations within your network—be it vendors, customers, or personal lenders.
3. Key Differences Between Finted Score and Banking Credit Score
| Factor | Banking Credit Score | Finted Score |
|---|---|---|
| Source of Data | Banks, NBFCs, formal lenders | Businesses, individuals, marketplace records |
| Coverage | Only formal loans & credit cards | B2B, B2C, and P2P transactions |
| Speed of Update | Monthly or quarterly | Real-time updates |
| Impact on Non-Bank Deals | Minimal | Direct and significant |
| Blockchain Verification | No | Yes (tamper-proof records) |
| Inclusivity | Excludes cash/business dealings without banks | Includes all forms of verified credit transactions |
4. Why Finted Score is the Future
Covers the Unbanked & Underserved – Many MSMEs and individuals operate outside formal banking credit. Finted bridges this gap.
Encourages Timely Payments – Late payments instantly impact your Finted Score, pushing for better financial discipline.
Transparent & Fair – Every record is backed by verified transactions and blockchain proof.
Tradeable Agreements – Unique NFT-based credit acknowledgements open new financial possibilities.
5. Can Both Work Together?
Absolutely!
A good banking credit score opens doors to bank loans, while a strong Finted Score builds your reputation within your business and personal network. Together, they form a 360° view of your financial credibility.
Final Word:
The financial ecosystem is evolving. With Finted Score, you’re not just judged by your bank history—you’re evaluated on real-world trust and responsibility. Whether you’re a supplier, a freelancer, or an individual lending money, the Finted Score empowers you to build trust, reduce risk, and grow confidently.