Broadening Financial Inclusion in Mexico for an Additional 8 Million Eligible Consumers

In partnership with Círculo de Crédito, in Mexico, FICO has just announced the availability of FICO® Score 4 and FICO® Extended Score 4 in Mexico. These new score models are specifically designed to seamlessly incorporate the entirety of the credit file, making it ideal for Mexico’s large and dynamic population. FICO® Extended Score 4 builds on the foundational credit bureau data used in the FICO Score® 4, but incorporates expanded data sources unique to Círculo de Crédito, allowing for more consumers to be scoreable and expanding access to credit.

Through continued research, new data samples, and FICO’s state of the art analytic capabilities and predictive technologies in machine learning, FICO® Score 4 provides as much as 8.5% predictive lift over previous versions of the FICO® Score, while FICO® Extended Score 4 provides up to 18% predictive lift over previous versions of the FICO® Score. These improvements in predictive power can help lenders safely avoid unexpected credit risk and better control default rates, while making more competitive credit offers to more consumers. Join us to get a preview of these new developments firsthand.