FICO (NYSE:FICO), the market leader and recognized standard in credit scoring, and TransUnion, a global leader in credit and information management, today announced they are bringing the newest FICO® Score service to Canada. Based on the FICO® 8 Score, the new service offers a highly predictive general risk score designed specifically for the Canadian market.

Validation tests are occurring now, and they indicate customers will receive three-to-five times the incremental improvement in risk prediction typically generated by an enhanced scoring model. The service will be available for full implementation in March 2011. Over the preceding two decades, FICO and TransUnion have partnered to deliver a unique combination of powerful analytics, agile service infrastructure and robust data to an extensive customer base in Canada, which includes leading national, regional and international lenders. Source: FICO Press Release