Fair Isaac Introduces Data Acquisition and Management Solution for More Profitable Origination Decisions

MINNEAPOLIS, MN – Fair Isaac Corporation (NYSE: FIC), the leading provider of analytics and decision technology, today announced the release of Capstone® Intelligent Data Manager, a new account origination solution that enables consumer and small business credit grantors to more efficiently obtain and manage credit data for smarter account origination decisions.

Capstone Intelligent Data Manager is part of Fair Isaac’s Capstone Origination Suite, which helps financial services, telecommunications, insurance and other institutions better target and obtain valuable customers while shortening decision cycles and reducing application processing costs. Intelligent Data Manager offers predeveloped interfaces to the most commonly accessed U.S. consumer credit reporting agencies and business bureaus, as well as access to Fair Isaac’s FICO® Expansion™ score for more profitable and intelligent data management.

“Making consistent, well-informed origination decisions requires the ability to effectively manage and integrate data from external sources,” said Roger Ahern, vice president of Enterprise Origination Solutions at Fair Isaac. “Intelligent Data Manager leverages our deep, global experience in developing analytic solutions and more than two decades of designing credit reporting agency interfaces, making it the industry’s most robust preconfigured credit data acquisition application. Credit grantors can easily integrate these risk management data sources and execute decisions with speed and accuracy.”

The ability to perform a single inquiry and receive multiple bureau reports in parallel, combined with the ability to reuse previously received credit bureau data, can help businesses create a more efficient origination process and lower the total cost of external data used in origination decisions. Intelligent Data Manager can be used in conjunction with Fair Isaac’s recently introduced Capstone Decision Accelerator product to develop and manage credit, pricing and other business policies based on data returned via Intelligent Data Manager.

In addition to offering predeveloped interfaces to Equifax, Experian and TransUnion consumer data repositories, Capstone Intelligent Data Manager provides interfaces to two major business bureaus, D&B and Experian Business, to help small business lenders improve decisions and portfolio performance. With each consumer credit or business bureau report obtained, the solution offers access to credit bureau analysis and returns up to six credit bureau scores, including Fair Isaac’s Classic and NextGen FICO® scores.

For origination decisions involving credit applicants with little or no traditional credit histories, the Intelligent Data Manager offers access to the FICO Expansion score. Based on non-traditional credit data, the FICO Expansion score gives lenders the ability to assess the risk of consumers without sufficient data at the three major credit reporting agencies to produce a traditional credit score. Financial institutions that have acquired Small Business Financial Exchange membership can utilize Intelligent Data Manager to gain access to loan and performance information from the Small Business Financial Exchange (SBFE).

Fair Isaac’s Capstone Intelligent Data Manager can augment or replace current data acquisition processes, depending on business needs.