JOHANNESBURG and MINNEAPOLIS – TransUnion and FICO (NYSE:FICO), announced that a new FICO® score for credit account originations and management, released under the TransUnion name Empirica® V4 score, is now available for South African lenders.  This latest redevelopment, with the greatest predictive power in the score’s fifteen-year history, is built using the FICO 8 blueprint. It is designed to help lenders mitigate losses on existing accounts while improving the quality of credit assessments to promote responsible lending for new account applications in the spirit of South Africa’s National Credit Act.  Source:  FICO Press Release

BIIA Newsletter March I – 2010 Issue