FICO® Resilience Index

More precisely predict a borrower’s resilience to future economic disruptions.

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Overview

Discover and manage latent risk

FICO® Resilience Index can allow financial institutions to discover and manage latent risk within groups of consumers bearing similar FICO® Scores, without cutting off access to credit for resilient consumers. Leveraging traditional consumer credit data, it is designed to rank-order consumers by their sensitivity to a future economic downturn. It offers a simple, powerful complement to the FICO Score for an array of use cases.

Capabilities

FICO® Resilience Index enables lenders to better:

Prepare for cyclical downturns

Assess loan portfolio vulnerability more accurately

Adapt credit marketing and origination strategies to account for resilience

Proactively manage portfolio resilience and improve stress testing outcomes over time

Refine loss allowance estimates

Features

With a rich feature set of advanced tools, FICO empowers business users to make faster, smarter, customer-focused decisions.
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Use in conjunction with the FICO® Score

Create a dual score matrix or as an additional decision key.

Can be delivered with a credit file along with the FICO® Score

Easily integrate into existing processes.

Scaled from 1 to 99 — with lower values representing greater resilience to economic stress

Simple and easy to understand format, differentiated from FICO® Score scaling.

Delivered with up to five reason codes

Helpful in understanding FICO® Resilience Index output. Supports adverse action communication if necessary.

Podcasts

 

Hear FICO Vice President Sally Taylor talk about measuring the resilience of consumers with the new FICO® Resilience Index in this Lend Academy podcast.

 

Listen to Podcast

Learn new insights about consumer financial resiliency amidst current market dynamics from FICO Vice President David Shellenberger in this Lendit FinTech digital track.

 

Listen to Podcast

From the FICO Blog

Get the latest insights, solutions, and strategies for improving business results from the FICO experts and thought leaders.
June 29, 2020

FICO Resilience Index Now Available for Lenders to Pilot

FICO works to keep credit flowing during uncertain economic times

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November 11, 2020

New Data Underscores Strong Performance of the FICO Resilience Index

Recent loan accommodation requests correlated to FICO Resilience Index values

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February 18, 2021

How to Avoid the 5 Most Common Pitfalls when Using the FICO Resilience Index

The 5 ways we have seen FICO Resilience Index misapplied and how to avoid these common pitfalls in order to accelerate successful adoption

Read more

Learn more

Contact us to get more information.