FICO® Scoring Services

FICO® Scoring Services

Maximize value, minimize disruption with FICO expert guidance.

Solution Details

Leveraging FICO’s pioneering work in credit risk analytics, FICO® Scoring consultants have the unique and deep expertise required to effectively evaluate the use of new analytics and data sources, understand credit portfolio dynamics and design optimal decision strategies.

A combination of analytic solutions and expert guidance, these added-value services focus on the lender’s specific goals and challenges for their market. Whether it is to expand the portfolio with new-to-credit populations, identify fraudulent applications or focus on specific lines of business, Scoring Services are available in any market where there are active and stable credit reporting data or new stores of alternative data to investigate.

Overcome the barriers to adopting a more current FICO® Scoring Solution

Whether challenging an in-house or legacy bureau score or benchmarking a new score to incorporate into your strategies, FICO can guide you to sound decisions throughout the process. The validations and implementation can be time consuming. FICO can help lenders to:

  • Analyze the predictive lift provided by the new Scoring Solution on a mix of your portfolios
  • Quantify the incremental business impact of using the new score in the context of existing strategies
  • Determine how a new FICO® Scoring Solution should be integrated into the lender’s decisioning strategies and operations
  • Verify new score performance and quickly realize the benefit of a new Scoring Solution

A global team of credit scoring and analytic experts partner with clients to enter new markets, evaluate new strategies and execute scoring models with new data sources. Whether your organization needs help with score validation and best practice implementation, establishing rating scale methods and alignment, or assessing credit capacity and growth opportunities across portfolios — FICO® Scoring Services has you covered.

FICO credit experts weigh the predictive improvement of the new Scoring Solution and potential financial impact within the context of your existing models and decision strategies. This helps to build the business case you need for adoption of the new analytic solutions by quantifying the financial impact of both the new score and existing strategy.

News

Surveys & Market Data June 22, 2017

FICO Survey: 77 Percent of APAC Banks Say Inability to Rate the Risk of Unbanked Consumers Constrains their Business Growth

FICO Scores August 7, 2014

FICO Score 9 Introduces Refined Analysis of Medical Collections

FICO Scores February 14, 2013

NBKI and FICO Introduce Russia’s First Application Fraud Score

April 13, 2016

New FICO Score Simulator Enables Consumers to See How Future Actions Could Affect FICO Scores

Related Products

FICO® Score Adoption Services

Providing deep analytics knowledge and broad experience of how to assess and evaluate scores.

  • Assess predictive power of the score
  • Confidence in the financial lift of scores
  • Derive immediate value

Resources

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Asset-Backed Securities: A Primer for Credit Card Managers

Read this full report from Mercator Advisory Group covering the inception of ABS trading to the great recession to what’s on the horizon for the secondary market.

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Homecourt Disadvantage: Truncation Bias and the Art of Comparing Consumer Credit Scoring Models

Generally available consumer credit scoring models can provide great value to lenders in evaluating the risk of loan applicants. These models are designed to distill the predictive power of a large number of consumer factors into a single, easily understood score. While the credit scoring models work well in estimating default likelihood over time, all models eventually may need to be evaluated to determine if an update to the existing model is needed, or whether the existing model should be replaced by a new credit score model. However, these evaluations can be challenging. For example, comparing the performance of the new credit scoring model to an existing model requires meticulous attention to detail as subtle statistical quirks can easily bias results.
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Machine Learning and FICO® Scores

Every day, new technology innovations are hatched in incubators, corporate research labs, universities and government institutions. But no matter where it originates, successful new technology follows a predictable evolution, migrating ove...
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Drive Better Collection Results with Analytics

It’s estimated that 30 million people in the US alone have one or more debts in collections, and household debt is on the rise. Significant 90-day delinquencies come from credit cards, mortgages (plus associated lines of credit), student l...