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.
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
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.
From the FICO Blog
FICO Resilience Index Now Available for Lenders to Pilot
FICO works to keep credit flowing during uncertain economic times
New Data Underscores Strong Performance of the FICO Resilience Index
Recent loan accommodation requests correlated to FICO Resilience Index values
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
Contact us to get more information.