FICO^® Scoring Solutions for Retail Banking

Built on the foundation of the FICO^® Score, the independent standard trusted for decades by lenders, investors and consumers.

Solution Details

With increasing regulatory pressures and a shifting competitive landscape squeezing profits, banks looking to drive growth also need to drive innovation. Retail bankers can apply a wide range of FICO^® Scoring Solutions and Services to fine-tune their credit risk decisions throughout the customer lifecycle.

Banks use FICO^® Scores to gauge the likely creditworthiness of a new customer and to make decisions on products and terms based on their credit risk. FICO^® Scoring Solutions form the basis of sound and fair lending across the retail banking industry. Credit cards, auto loans, mortgages, student lending and asset-back securitizations are all served by the predictive power of FICO^® Scoring Solutions for Retail Banking.

Empowering fair and responsible lending across the industry.

Auto Loans
Auto lenders looking to drive better bottom-line results can benefit from flexible Scoring Solutions specific for the auto industry. Gain insights to streamline applicant approvals, set the right terms at origination, while minimizing exposure, collection and recovery costs, and maintaining portfolio value.

Credit Cards
From traditional origination and account management functions to sophisticated affordability calculations, FICO^® Scoring Solutions complement a flexible and scalable approach to credit card management — across the organization and across channels.

Mortgages
For risk assessment of first mortgages, home equity loans, prescreen selection and to assess for capitalization on the secondary market, lenders, investors and servicers have trusted the independent FICO^® Score for decades to make sound lending and investing decisions.

The ubiquitous language of credit risk, FICO^® Scoring Solutions serve organizations of all sizes from credit unions and community banks to global financial organizations.

Sophisticated Calibration — a consistent measurement of risk creates sound and understood measurement for calculating credit capacity, capital reserve adequacy and forecasts the effects of economy fluctuations on lender portfolios.
Transparency — a sixty-year heritage of using data to inform decisions in an objective and responsible manner, FICO is a proponent and provider of financial literacy and transparency with programs to engage and educate consumers.
Trusted Independent Standard — investors in asset-backed securities require a clear picture of the credit quality of the loans underlying the security — at any point in time — and use the FICO^® Score as an alert to deterioration in repayment performance.