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Amazon representative will also discuss how the company uses FICO optimization technology

SAN JOSE, California – April 11, 2018

Highlights:

  • AWS will join FICO to discuss their collaboration in a keynote presentation
  • AWS will discuss securing data on the cloud with FICO’s Chief Information Security Officer
  • Amazon will share its experience using FICO optimization technologies

Silicon Valley analytics software firm FICO today announced that Amazon Web Services (AWS) is joining FICO® World 2018, a leading Decisions conference on artificial intelligence (AI), applied analytics, and decision management, as a platinum sponsor. AWS and Amazon executives will discuss their relationship with FICO to help drive digital transformation in organizations.

More information: http://www.fico.com/en/ficoworld/

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FICO® Score XD 2 Helps Score over 26.5 Million Previously Unscorable Consumer Files

SAN JOSE, Calif. — March 29, 2018

  • FICO® Score XD 2 increases coverage and is able to score over 26.5 million previously unscorable consumer files
  • 11.8 million of these consumers are without credit files and unscorable by any scoring system relying on traditional credit bureau data alone
  • While the traditional FICO® Score is able to score 91 percent of applicants, the inclusion of FICO® Score XD augments the percent of applicants eligible for a FICO-branded score to nearly 98 percent
  • Findings demonstrate that consumers with a FICO® Score XD 2 over 620 that go on to obtain credit maintain a high traditional FICO Score in the future – 75 percent scored 620 or higher in the subsequent 24 months
  • FICO was recently awarded an Analytics 50 Award for FICO® Score XD

Today, analytics software firm FICO (NYSE:FICO) announced the evolution of the FICO® Score XD with the general availability of FICO® Score XD 2.  Part of the FICO® Financial Inclusion Initiative, FICO worked with LexisNexis® Risk Solutions and Equifax® to launch the first version of FICO Score XD in April 2016.  FICO Score XD was specifically designed to provide a reliable credit score for consumers that were previously unscorable based on their traditional credit data alone. With today’s release, FICO Score XD 2 has been further optimized to leverage alternative data sources to increase credit access and give bankcard issuers a second opportunity to assess otherwise unscorable consumers.

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MIAMI, Florida — March 28, 2018

  • DataScoring will offer the FICO Alternative Lending Platform in Colombia
  • The FICO Alternative Lending Platform gives lenders a less expensive way to make credit risk decisions, using cloud-based analytics and decision strategies

Analytics software leader FICO today announced that it has partnered with Colombian firm DataScoring to provide cloud-based credit risk assessment to lenders. DataScoring now offers the FICO® Alternative Lending Platform in Colombia, giving banks, card issuers, retailers and other firms that offer credit an easy way to access world-class credit origination software and risk assessment analytics at a lower cost.

More information: https://www.datascoring.co/

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