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Uncategorized New UltraFICO™ Score Innovation Now Available for Lenders to Pilot

Oct292018

Consumer awareness of their credit and FICO® Scores has never been higher. Whether planning to buy a car, home or head to college, millions of consumers know and manage their credit score. Now financial inclusion innovation is on the horizon that will change the dynamic of the lender and customer relationship.  Empowering consumers to have greater control over the information that is being used in credit risk management and enabling a deeper dialogue to help both parties make better financial decisions. Earlier this week from Money 20/20, FICO, Experian, and Finicity announced a new credit score called UltraFICO™ Score.  With UltraFICO™ Score, a consumer securely grants permission or ‘opts-in’ to contribute information such as checking, savings and money market account data, which can be compiled by Finicity and combined with consumer credit information from Experian to provide an enhanced view of positive financial behavior. The UltraFICO™ Score includes factors such as length of... [Read More]

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