Tag Archives: Analytics / Scoring Technology

Risk & Compliance FICO Receives Analytics 50 Award for FICO Score XD

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Drexel University’s LeBow College of Business and CIO.com have named analytic software firm FICO a winner of the Analytics 50 Awards for the second year in a row. The awards program honors organizations using analytics to solve business challenges.  FICO received the award for FICO® Score XD, which leverages groundbreaking analytic technologies and alternative data to help safely and responsibily expand credit access. For more information check out the full award article. Led by Radha Chandra, principal scientist in the Scores business unit at FICO, the FICO analytic development team posed the question: Can alternative data expand credit access?  After extensive research and validation, FICO launched FICO Score XD.  Through the development of FICO® Score XD, FICO provides a potential onramp to credit access for the majority of 50+ million Americans who are identified as ‘unscorable’. In addition to traditional credit data, FICO® Score XD consumes alternative data from telco,... [Read More]

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Analytics & Optimization Using Alternative Data in Credit Risk Modelling


“Whenever I bring up the topic of alternative data, the first question our board asks is, ‘Are we using Facebook data?’ “ This comment from a participant in our recent EMEA Risk Leadership Forum caused a lot of chuckles and nodding heads. When it comes to evaluating credit risk, everyone wants to know if, when and how lenders will start probing their Facebook account. For reasons that will be obvious to lenders, that tantalizing possibility doesn’t actually top the list of data sources to mine. In fact, at the forum we explored a few sources of data that can add to the picture of a consumer’s creditworthiness. Multiple Types of Alternative Data What is alternative data? In credit granting, it generally refers to any data that is not directly related to a consumer’s credit behavior. Traditional data usually means data from a credit bureau, a credit application or a lender’s... [Read More]

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