FICO Introduces FICO Safe Driving Score 2.0
FICO and eDriving Release Latest Version of the FICO Safe Driving Score with Improved Ability to Predict Future Collisions and Offer Drivers Micro-Coaching After Every Trip
Earlier this year, my colleague, Can Arkali, shared the results of an analytic validation of the FICO® Safe Driving Score. Since then, we’ve been working to enhance the prediction of future collisions and this week we are announcing the launch of FICO Safe Driving Scores, version 2.0.
The FICO® Safe Driving Score utilizes driving based telematics data captured using sensors on the user’s smartphone for acceleration, braking, cornering, distraction and speeding. Our latest version further refines the weighting associated with each of these categories to achieve a more predictive model. With this release, we also achieve another milestone for the FICO Safe Driving Score – drivers will receive “Feedback Factors” following each trip giving additional insight about the driving behaviors that led to their trip rating – making the score even more meaningful and actionable.
You can read the full news release here: https://www.fico.com/en/newsroom/fico-and-edriving-release-latest-version-fico-safe-driving-score-improved-ability-predict
Popular Posts
Average U.S. FICO® Score at 716, Indicating Improvement in Consumer Credit Behaviors Despite Pandemic
The FICO Score is a broad-based, independent standard measure of credit risk
Read more
The GSE Data Is Public. Here's What It Shows About Credit Score Modernization.
Independent Milliman analysis of GSE historical data confirms what anyone can now verify directly: FICO® Score 10T is the most predictive score.
Read more
FICO Statement on FHFA and FHA Updates to Credit Score Modernization
FICO supports FHFA’s announcement that the long-anticipated historical data for FICO® Score 10T will be released to the mortgage market.
Read moreTake the next step
Connect with FICO for answers to all your product and solution questions. Interested in becoming a business partner? Contact us to learn more. We look forward to hearing from you.