Remove Assessments Remove Demand Deposit Account (DDA) Remove Innovation
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Secure, Standardized Data Sharing Empowers Consumers & Promotes Innovation

FICO

Along with this comes expectations of better experiences, on-demand access and deeper insights. The good news is that consumer-permissioned data is providing the industry a platform for further innovation. Consumers can now permission their demand deposit account (DDA) data for inclusion into the UltraFICO TM Score.

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Leveraging Alternative Data to Extend Credit to More Borrowers

FICO

While FICO has been the leader in developing innovative ways to incorporate new and regulatory compliant alternative data into credit scores, there are still barriers to fully unlocking the potential of alternative data. Due to the confusion around this issue, it’s important to be clear about what constitutes alternative data.

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Top 5 Scores Topics of 2021

FICO

It is relied upon by stakeholders across the entire lending ecosystem – from regulators, investors and boards to consumers, lenders, and brokers – as a baseline metric for assessing credit risk that is fair to both lenders and consumers. . Each year, we share the average U.S. FICO® Score, which now stands at 716.