FICO® Resilience Index
More precisely predict a borrower’s resilience to future economic disruptions.
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.
FICO® Resilience Index, Resilience Prediction Across the Consumer Credit Lifecycle
Gain deeper insight about consumer resilience during all economic conditions.
Capabilities
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
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.
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Related resources
Gain fresh ideas and new strategies for making better business decisions with in-depth thought leadership, solution insights, and customer success stories.
White Paper
Service Mortgage Customers with Resilience Insight: Using the FICO® Resilience Index
White Paper
Measuring consumer resilience to economic stress using the FICO® Resilience Index
Solution Sheet
FICO® Resilience Index 2
Video
Using Borrower Resilience to Inform Strategies Across the Credit Lifecycle
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.
Learn new insights about consumer financial resiliency amidst current market dynamics from FICO Vice President David Shellenberger in this Lendit FinTech digital track.
From the FICO Blog
Cash Flow Data Can Improve Credit Access with an UltraFICO® Score
Addressing Portfolio Risk in Economic Uncertainty: Part 3 (2022)
Addressing Portfolio Risk in Economic Uncertainty: Part 2 (2022)
Learn more
Contact us to get more information.