The National Commercial Bank Selects Global FICO Scoring

The National Commercial Bank, based in Jeddah, Saudi Arabia, has selected Fair Isaac’s Global FICO® score to enhance their decision making process throughout the customer credit lifecycle.

Global FICO score, from Fair Isaac Corporation, is a highly predictive scoring model designed to evaluate consumer credit risk on any established form of credit bureau data. Using a unique and comprehensive range of predictive characteristics, the Global FICO score provides an objective, consistent assessment of consumer risk spanning multiple geographic regions.

Businesses can use Global FICO score to improve decisions throughout the customer credit lifecycle, from marketing initiatives through account approvals, to full portfolio management.

Adel Al-Howar, Head of Consumer Finance Services Group at The National Commercial Bank, states that, “With the advent of Credit bureau data being readily available in Saudi Arabia, it was immediately apparent that we needed a robust credit bureau score to derive full value from that data. We are excited about using the Global FICO score to gain a more detailed view of our clients’ credit profiles to make effective business decisions.”

Dave Lewis, Director of Consulting at PIC Solutions, adds, “The FICO credit bureau risk score has become the industry standard for objective, profitable risk assessment. Through this scoring solution The National Commercial Bank will have a 360º view of their consumer credit profile which will result in an enhanced ability to assess risk. PIC Solutions and Fair Isaac are committed to expanding the availability of FICO Scores around the world, both to enhance credit decision support in individual markets and to develop a global standard that can be used as a consistent benchmark by international lenders.”