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FICO 8 Lender Validation Results

Key metrics exceed client expectations in originations testing


In recent validation testing, a top US bankcard issuer confirmed that the new FICO® 8 Score and FICO® 8 Bankcard Score provide significantly greater risk prediction over a previous FICO® Score version. Based on a conservative estimate, FICO projected a financial benefit for the lender of $1,8 million to $5,5 million through conversion to the new scores. This paper details the validation and its findings, highlighting how both new FICO® 8 Scores can help issuers boost profitability by reducing portfolio risk, mitigating losses, and identifying and capitalizing on new revenue opportunities.