FICO Score 9 Now Available at TransUnion

Newest FICO Score now available from TransUnion to help lenders improve risk management, make best decisions throughout consumer credit lifecycle

SAN JOSE, Calif.—November 19, 2014—FICO (NYSE:FICO), the predictive analytics and decision management software company, today announced the availability of FICO^® Score 9 from TransUnion for lenders and other businesses. Due to refinements in risk analytics behind FICO Score 9, more consumers are expected to score in the higher score ranges that lenders generally require, enabling lenders to approve loans to millions more qualified consumers while keeping their portfolio risk level steady.

This new version of the FICO^® Score also introduces a more nuanced way to assess collection information that appears on the consumer’s credit report, bypassing paid collection agency accounts and offering a sophisticated treatment differentiating medical from non-medical collection agency accounts. This will help ensure that medical collections have a lower impact on the score, commensurate with the credit risk they represent.

FICO has used sophisticated modeling techniques to make the new FICO^® Score 9 even more predictive of a consumer’s likelihood to repay a debt than previous versions. This new version of the FICO Score, the industry-standard measure of U.S. consumer credit risk, captures recent consumer behavior to give lenders better risk assessments across the credit lifecycle and all credit products. In addition, FICO Score 9 includes a better way to assess the risk of consumers with limited credit history – so-called “thin files.”

“FICO Score 9 builds on our legacy of innovative analytic work,” said Jim Wehmann, executive vice president, Scores for FICO. “It helps lenders manage risk across their entire portfolio while expanding and strengthening customer relationships. With minimal barriers to upgrading, TransUnion clients who adopt FICO Score 9 can experience a measurable improvement in their business.”

FICO is the leader in credit risk scoring, with 90 percent of all U.S. consumer lending decisions using the FICO^® Score. Twenty five of the largest credit card issuers, 25 of the largest auto lenders and tens of thousands of other businesses rely on the FICO Score for consumer credit risk analysis and federal regulatory compliance. To learn more about FICO Score 9, please visit http://www.fico.com/en/campaigns/ficoscore9/

About FICO
FICO (NYSE: FICO) is a leading analytics software company, helping businesses in 90+ countries make better decisions that drive higher levels of growth, profitability and customer satisfaction. The company’s groundbreaking use of Big Data and mathematical algorithms to predict consumer behavior has transformed entire industries. FICO provides analytics software and tools used across multiple industries to manage risk, fight fraud, build more profitable customer relationships, optimize operations and meet strict government regulations. Many of our products reach industry-wide adoption. These include the FICO^® Score, the standard measure of consumer credit risk in the United States. The groundbreaking FICO^® Score Open Access program makes millions of FICO Scores available free to consumers. FICO solutions leverage open-source standards and cloud computing to maximize flexibility, speed deployment and reduce costs. The company also helps millions of people manage their personal financial health. FICO: Make every decision count™. Learn more at www.fico.com.

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