FICO Credit Scores Coming to Russia with NBKI

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(Moscow and Minneapolis, Minnesota, USA) - National Bureau of Credit Histories (NBKI), the premier credit bureau in Russia, and Fair Isaac Corporation (NYSE:FIC), the leading provider of analytics and decision management technology, today announced a ground-breaking, multi-year alliance to introduce Fair Isaac's global-standard FICO® credit risk scoring technology to Russian lenders by this fall.

The flexible design of the FICO Score will enable lenders across Russia to assess consumer credit risk with a significantly greater degree of precision. This precision will enable lenders to more confidently tailor their credit product offerings to the risk profile of individual consumers. In this way lenders can safely increase their penetration of the market, reduce their risk exposure, and improve their profits in a controlled and customizable manner. Consumers also stand to benefit over time from improved access to credit products at more competitive rates.

"Lenders in Russia need state-of-the-art bureau scores to better assess consumer credit risk against a background of continuing rapid growth in consumer lending," said Lisa Nelson, vice president of Global Scoring for Fair Isaac. "By applying Fair Isaac's unparalleled analytics experience to the comprehensive consumer database of NBKI we expect to set the standard for credit risk assessment in Russia for many years to come."

"We want the best solutions in the world for our clients," said Dr. Alexander Vikulin, General Director of NBKI. "Through our alliance with Fair Isaac, we will help Russian banks combine proven FICO scoring technology and our robust credit data with the banks' own sophisticated systems, so they can control consumer credit risk with a significantly greater degree of precision and profitability, while also acting in the best interests of the consumer."

FICO Score at NBKI will provide a solution specifically tailored for a market where the volume and depth of credit bureau data are evolving at an accelerated rate. Russian lenders will be able to use FICO Score at all stages in the consumer credit lifecycle to improve decisions throughout the lending process, from account acquisition and account origination to full portfolio management. FICO Score adds value to a bank's existing custom application and behavior models because the score provides an easily used measure of a consumer's risk based on interactions with other lenders. FICO Score can also assist Russian lenders to meet their Basel II and other regulatory compliance requirements.

Fair Isaac's FICO Score applies the company's industry-standard FICO credit risk scoring technology to rank-order consumers according to their credit risk. Designed to be consistently scaled across credit bureaus and across national borders, the score has already established the global standard for consumer credit risk assessment. The Fair Isaac technology underlying the scoring models enables rapid deployment in any country with credit bureau data.

About NBKI
National Bureau of Credit Histories, OJSC, is established by leading Russian banks and is known as a leader in the Russian credit information market. NBKI is significantly more successful than all other Russian credit bureaus with the largest number of partner banks and the largest number of credit reports issued. NBKI also has the highest hit-rate for Russian bureaus with over 60% of reports returned with a history. One third of all Russian credit histories are stored at NBKI. Learn more about NBKI at

About Fair Isaac
Fair Isaac Corporation (NYSE:FIC) combines trusted advice, world-class analytics and innovative applications to help businesses make smarter decisions. Fair Isaac's solutions and technologies for decision management turn strategy into action and elevate business performance by giving organizations the power to automate more decisions, improve the quality of their decisions, and connect decisions across their business. Clients in 80 countries work with Fair Isaac to increase customer loyalty and profitability, cut fraud losses, manage credit risk, meet regulatory and competitive demands, and rapidly build market share.

Fair Isaac Statement Concerning Forward-Looking Information
Except for historical information contained herein, the statements contained in this press release that relate to Fair Isaac, including statements regarding its FICO® score, and the relationship described herein, and the benefits to be derived from the offering, are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including any unforseen technical difficulties related to the implementation, use and functionality of the offering, the risks that customers will not perceive material benefits from the offering, failure of the product to deliver the expected results, the possibility of errors or defects in the offering, regulatory changes applicable to the use of consumer credit and other data, and other risks described from time to time in Fair Isaac's SEC reports, including its Annual Report on Form 10-K for the year ended September 30, 2007. Forward-looking statements should be considered with caution. If any of these risks or uncertainties materializes or any of these assumptions proves incorrect, Fair Isaac's results could differ materially from Fair Isaac's expectations in these statements. Fair Isaac disclaims any intent or obligation to update these forward-looking statements.

Fair Isaac and FICO are trademarks or registered trademarks of Fair Isaac Corporation, in the United States and/or in other countries. Other product and company names herein may be trademarks or registered trademarks of their respective owners.

Media contacts


Katie O’Connell
+1 510-621-9832

Europe, Middle East & Africa

Darcy Sullivan
+44 (0) 7808-777-339

Asia Pacific

Saxon Shirley
+65 6422-7795

Latin America

Marisa Arribas
+1 786 482 7231

América Latina

Milla Delfino
+55 11 97673-6583

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