FICO® Score Open Access

FICO® Score Open Access

Opening the door to better customer relationships.

Product Details

If your organization strives to build loyalty, trust and growth through greater credit score transparency, FICO® Score Open Access can help you strengthen customer relationships and increase profitability. FICO® Score Open Access empowers you to share FICO® Scores you already use for account risk management decisions with your customers – with no additional score fees charged by FICO. Through FICO® Score Open Access, you provide your customers with their FICO® Scores, empowerment tools, and credit education through multiple channels and at varying frequencies.

Strengthen reputation and brand

Increase transparency by providing your customers with free access to the actual FICO® Scores you use to help make decisions. Strengthen customer loyalty and satisfaction by providing millions of dollars of value to your customers.

Create goodwill and customer empowerment

Provide your customers with their FICO® Scores, the two most influential score factors that impacted their score with explanations, a 12-month historical FICO® Score trend, and trusted FICO consumer credit educational content. Empower your customers to better understand their overall financial health.

Boost profits and increase share of wallet

Realize higher response rates, greater customer engagement and satisfaction, lower attrition, broader use of lower cost channels, and reduced credit losses through more responsible credit behavior.

With FICO® Score Open Access, FICO extends the license on FICO® Scores you already purchase for account risk management decisions, enabling you to display those scores to your end customers. Using those scores, which are already resident in your customer database, you create your customer experience through your paper statements, online banking and/or mobile channel. To support your channel displays, FICO provides a digital asset package for the key branding elements, including the FICO® Score logo lockup and FICO® Score Meter. You incorporate FICO-written educational content, "Understanding FICO® Scores" and "Frequently Asked Questions about FICO® Scores", into your website for customer self-service. Leveraging dedicated FICO Implementation Consultants and a Planning Guide, you’ll quickly be on your way to opening the door to better customer relationships.

FICO<sup>®</sup> Score Open Access

‌  Disclose to your customers the FICO® Scores you purchase to make your account risk management decisions - with no additional score fees charged by FICO.

‌  Design your own customer experience using FICO's branding guidelines, choosing delivery frequency and channels

  Disclose two key factors which most impacted a customer's FICO® Score.

‌  Optionally include a 12-month historical FICO® Score trend and the FICO® Score Meter, indicating the strength of a customer's FICO® Score.

‌  Provide comprehensive FICO consumer credit education content and frequently asked questions.

‌  Leverage a dedicated FICO Implementation Consultant and FICO’s Implementation Planning Guide for best practices and successful implementation.

‌  Train your customer service and other frontline staff through the FICO® Score eLearning course.

Resources

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Basic Facts About FICO® Scores

When you apply for credit — such as a credit card, auto loan or mortgage — the lender will check your credit report from one or more of the three major consumer reporting agencies (Equifax, Experian and TransUnion). In addition to your cre...
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FICO® Score: Credit Scoring Innovation Timeline 1989 To Today

Walk through time with FICO® as we transform the credit risk industry. The FICO® Score is the independent standard in credit risk scoring, trusted by lenders and investors for decades. FICO’s enduring focus on innovation has facilitated ac...
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President Obama Praises FICO® Score Open Access

Citi latest participant as FICO Score Open Access grows to 60 million consumers WASHINGTON, DC . — October 17 , 20 1 4 — In remarks today, President Barack Obama recognized and praised FICO (NYSE:FICO), the predictive analytics and dec...
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FICO® SCORE: CREDIT SCORING INNOVATIONS 1989 to 2018

The FICO® Score is the independent standard in credit risk scoring, trusted by lenders and investors for decades so they can say “yes” with confidence to more consumers. FICO’s enduring focus on innovation has facilitated access to credit ...