Global information solutions leader Equifax and FICO, the leading provider of predictive analytics and decision management technology, today announced their agreement to develop new analytics for the UK market. The first two of these analytics will assess the capacity of consumers to handle additional credit, and show how individuals’ risk would change under different macroeconomic conditions. These analytics will complement Equifax’s RN4 suite of risk scores, further helping credit granters reduce losses while extending more credit based on a comprehensive evaluation of each consumer’s risk.
FICO will develop UK-specific versions of its FICO® Credit Capacity Index(TM) and FICO® Economic Impact Index, both based on robust data from Equifax. Worldwide, the two companies deliver a combined volume of scores greater than any other company. Source: Fico and Equifax Press Release
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