Russian FICO Score at NBKI Earns Best Scoring Solution Award

MOSCOW — March 6, 2017

Top Results:

• National Bureau of Credit Histories (NBKI), Russia’s leading credit bureau, has received an award for Best Scoring Solution 2016 based on the FICO^® Score version 3.
• FICO built the latest model for Russia based on analysis of more than 10 million Russian borrowers and 200 million credit lines
• More than half of the top Russian banks use FICO^® Scores delivered by NBKI.

National Bureau of Credit Histories (NBKI), Russia’s leading credit bureau, has received an award for Best Scoring Solution 2016 from Russia’s Banking Review magazine. The award went to the third version of the FICO^® Score offered by NBKI, which assesses credit risk based on the credit bureau’s data.

The FICO^® Score at NBKI was developed by Silicon Valley analytics firm FICO, the world leader in credit scoring. The model was built based on decades of international experience, a sound understanding of Russian’s credit behavior and analysis of more than 10 million Russian borrowers and 200 million credit lines at NBKI.

“We are grateful to the award committee for this high appreciation of our work,” said NBKI CEO Alexander Vikulin. “The FICO Score version 3 is the latest generation of the score, and is the most powerful instrument for predicting credit behavior in the Russian market. Its benefits have been seen by a wide range of lenders in Russia, who adopted it in a short period of time.”

“We analyzed hundreds of types of data from millions of NBKI records to build this score,” said Elena Koneva, Russian business development director for Scores at FICO. “Version 3 of the FICO Score includes more than 80 variables that identify credit risk, and we used several observation points to ensure the model would perform well under different economic scenarios.”

More than half of the top Russian banks use FICO^® Scores delivered by NBKI.

About NBKI
National Bureau of Credit Histories (NBKI) is the largest credit bureau in the Russian Federation. It was created in 2005, and counts among its shareholders major commercial banks and international companies CRIF and TransUnion. Its main specialty is an integrated center that stores and processes comprehensive data for creditors’ decision making. As of April 2016, NBKI consolidates data about 77 million borrowers and 184 million loans from 3800 Russian creditors. The bureau provides the Russian market with modern high-tech solutions for risk assessment and control. Learn more at http://www.nbki.ru/.

About FICO
FICO (NYSE: FICO) powers decisions that help people and businesses around the world prosper. Founded in 1956 and based in Silicon Valley, the company is a pioneer in the use of predictive analytics and data science to improve operational decisions. FICO holds more than 170 US and foreign patents on technologies that increase profitability, customer satisfaction and growth for businesses in financial services, telecommunications, health care, retail and many other industries. Businesses in more than 100 countries use FICO solutions for a wide range of mission-critical applications, from protecting 2.6 billion payment cards from fraud, to helping people get credit, to ensuring that millions of airplanes and rental cars are in the right place at the right time. Learn more at http://www.fico.com.

For FICO news and media resources, visit www.fico.com/news.

FICO is a registered trademark of Fair Isaac Corporation in the U.S. and other countries.