Assessing the risk of a credit application is a key step in any lender’s origination process. This requires sophisticated analytic solutions working in conjunction with strategies and rules. For some lending organizations, the cost and time associated with developing such solutions is a challenge. FICO® Alternative Lending Platform addresses this issue by bringing our core strength in risk management to the market in an affordable cloud-based offering. This solution delivers scoring and strategies to safely assess credit risk, and its software-as-a-service platform allows lenders to get started quickly.
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