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Lenders outside the US now have the opportunity to extend credit access to millions of consumers who otherwise cannot be scored responsibly, due to insufficient data in traditional credit bureau files. FICO® Score X Data is a flexible solution that can be delivered in countries through credit reporting agencies or on premises at the lender. Through our growing global partner network, FICO has the unique ability to leverage alternative data sources such as telco, mobile payment, digital footprint, and psychometric survey data to provide reliable credit risk scoring for consumers who can’t be scored with traditional credit bureau data alone.
The risk score can be calculated using characteristics from a combination of data sources. And when appropriate, it can be leveraged in a dual score strategy as complementary to FICO® Scores based on local credit bureau data. FICO® Score X Data provides insight into additional dimensions of credit risk for use in lending decisions. A consistent, predictive risk score using alternative data, can help lenders expand their customer base with confidence.
Identify good risks among previously unscorable consumers
Say yes more often. Enables portfolio growth into consumer populations, that previously could not be scored, through the addition of non-traditional data.
No digital data? Our partners can help apply leading edge psychometrics and behavioral data to measure a person’s credit risk based on their answers to questions.
Take advantage of new alternative data sources, delivery platforms and mobile technology, for scalable access to credit that addresses the unique needs of each country. Contact us to learn more.
Lenders have the opportunity to extend credit access to millions of Indian consumers who otherwise cannot be scored responsibly, due to insufficient data in traditional credit bureau files. A new dual score service from FICO, the leader in...
COVID-19 is going to cause a deterioration in repayments once deferral arrangements expire. How are you going to change your portfolio and origination strategies to deal with new risk levels? How are you going to maneuver your busi...
Lenders around the globe struggle with similar challenges as they work to meet revenue goals and keep risk to a minimum — all while being more inclusive and compliant in the face of shifting regulatory requirements. Outmoded and manual ris...
FICO, provider of industry-standard US scoring solutions, delivers a range of products and services globally that support lenders in developing enhanced credit risk strategies. Highly predictive and customizable, FICO® Scores leverage both...