Wednesday, 13 February 2008

Global FICO Credit Risk Scoring Technology in India

Fair Isaac Corporation, provider of analytics and decision management technology, has announced FICO credit risk scoring technology for Indian lenders. Indian lenders will be able to use Global FICO Score at all stages in the consumer credit lifecycle throughout the lending process, from account acquisition and account origination to portfolio management.

Global FICO Score is a scalable solution for both mature and emerging credit markets where the volume and depth of credit bureau data are evolving at an accelerated rate.

“By bringing together the cutting-edge technology of High Mark, India’s newest credit bureau, with our own deep analytic experience and innovation, this alliance will create the breakthrough risk management solutions that Indian lenders need for rapid growth,” said Lisa Nelson, vice president of Global Scoring for Fair Isaac.

Global FICO Score may assist Indian lenders to meet their Basel II and other regulatory compliance requirements. High Mark will help financial institutions make better credit decisions. Using superior data management and data mining architecture and technology, High Mark will help its membership increase their asset productivity and improve regulatory compliance.