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November 28, 2007
(Sao Paulo, Brazil and Minneapolis, Minnesota, USA) - Associacao Comercial de Sao Paulo (ACSP), one of the largest credit bureaus in Brazil, and Fair Isaac Corporation (NYSE:FIC), the leading provider of analytics and decision management technology, announced ACSP's launch of Global FICO® Score for Brazilian businesses. The launch of this innovative consumer credit-risk score makes Brazil the first South American nation to access Fair Isaac's global-standard FICO® credit risk scoring technology.
With Global FICO Score, ACSP will produce consumer credit risk scores from a combination of its own negative credit data and positive consumer credit data provided by the ACSP client who is requesting the score. Lenders can use Global FICO® Score at all stages in the consumer credit lifecycle to improve decisions throughout the lending process, from marketing and account origination to full portfolio management.
"Our new Global FICO Score has been developed from Brazilian data and powered by Fair Isaac's industry-standard technology customized for Brazil's credit industry," said Luiz Márcio Domingues Aranha, general manager of ACSP. "For the first time, Brazilian lenders can receive a credit bureau score calculated from both their own positive credit data and our negative bureau data. The result is a risk score superior to any competing credit score.""Our landmark, multi-year alliance with ACSP expands the marketplace for our Global FICO score into the ninth-largest national economy," said Helcio Beninatto, managing director of Fair Isaac's Latin America operations. "By enabling ACSP to include a lender's positive credit data in score calculations for the first time, we are helping ACSP's clients realize the increased predictive power that comes from full credit reporting. Brazilian lenders can use Global FICO Score to significantly sharpen their evaluation of consumer risk, streamline their decision processes, increase their profitability, and help to prevent excessive consumer debt levels."
Global FICO® Score also may assist Brazilian lenders to meet their Basel II and other regulatory compliance requirements. The scores are complementary to custom application and behavior models, and can be used alongside internal scores at all stages in the credit lifecycle.
Fair Isaac's Global 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 established a global standard for consumer credit risk assessment. The Fair Isaac technology underlying the scoring model enables rapid deployment in any country with credit bureau data.
About ACSPACSP has the largest database, SCPC, of business intelligence about individual consumers in all of Latin America. SCPC has the largest knowledge base of payment history and behavior data of Brazilian consumers, and has been tracking the consumer credit market in Brazil for the last 50 years. The organization offers a wide range of business intelligence and credit scoring solutions to more than a million business clients who are members of its nation-wide credit protection system. Its focus is helping businesses in their decision-making process throughout the credit lifecycle-from credit application approval to maintenance and recovery-and in helping increase profitability and lower exposure. The organization sends information to 2,000 credit protection agencies nation-wide. For more information about ACSP, visit www.acsp.com.br.
About Fair IsaacFair 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 Enterprise 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 InformationExcept for historical information contained herein, the statements contained in this press release that relate to Fair Isaac, including statements regarding its Global 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, 2006, and quarterly report on Form 10-Q for the period ended June 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.
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