Worldwide Demand for Fair Isaac's Global FICO® Score is Strong and Growing

Fair Isaac Corporation, the leading provider of analytics and decision management technology, today announced that the first international credit bureau risk score, Fair Isaac’s Global FICO® score, has been selected by leading national and multi-national lending organizations across four continents since its introduction just two years ago. This rapid adoption of Global FICO score has established the first international standard for consumer credit risk management.

Global FICO® score applies Fair Isaac’s industry-standard FICO® credit risk scoring technology to rank-order consumers according to their credit risk. Designed to be consistently scaled across credit bureaus and across national borders, Global FICO® score utilizes Fair Isaac’s leading-edge technology to enable rapid deployment in any country with credit bureau data.

Around the Pacific Rim, lenders are now using Global FICO score in South Korea, Singapore, Taiwan and Thailand. In Europe and the Middle East, Fair Isaac’s score is being used in Poland, Saudi Arabia, Sweden and Turkey. In Latin America, lenders in Mexico, Jamaica and Panama have added Global FICO score to their risk management operations. Also, the score is currently being evaluated by a growing number of institutions across Europe, Asia-Pacific and Latin America. Credit reporting bureaus in three countries — Singapore, Jamaica and South Korea — have added Global FICO score to their product lines as their premier credit risk score.

“Global FICO score has enjoyed strong demand from day one,” said Ron Totaro, vice president of Global Scoring Solutions at Fair Isaac. “Lending organizations and credit bureaus in both emerging and established credit markets have found that our proven scoring technology significantly improves lenders’ ability to manage the trade-off between credit risk and greater profits, enabling more precise management of their business volumes, delinquencies and bad debt. As a result, we have had to repeatedly expand our implementation teams worldwide to keep up with demand.”

For lenders who serve small- and medium-sized enterprises (SME), Fair Isaac recently began offering Global FICO® SME score. This newest member of Fair Isaac’s FICO scoring family of products combines the important data pertaining to the creditworthiness of the individual or individuals who own and manage the SME business with key characteristics about the business itself, to produce a powerful and predictive risk score that can contribute significantly to a lender’s ability to manage credit risk and expand the bottom line. The new score has already been adopted by a major lender in Turkey, and the company has received strong interest from other lenders in Europe and around the Pacific Rim.

Global FICO score and Global FICO SME score are available to lenders and credit bureaus in any country where robust credit bureau data is available, except in the United States, Canada, United Kingdom and South Africa, where Fair Isaac credit risk scores are already available.