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Tracking Credit Risk in a Challenging Economy - South Africa

FICO

The same consumers are scored 12 months later, again with the same Account Origination score, to see how their risk profile had changed. Source: FICO Blog In 12 months, the average score for this group of consumers dropped by 9 points overall and by 11 points for the Thin File [1] population. Source: FICO Blog.

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Addressing Portfolio Risk in Economic Uncertainty: Part 3 (2022)

FICO

Addressing Portfolio Risk in Economic Uncertainty: Part 3 (2022). Building portfolio risk resilience into customer management. Lenders must adopt a similar mindset as they manage the financial health of their consumer lending portfolios to insulate their existing assets from potential portfolio risk volatility. Saxon Shirley.

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Prosper Extends Credit to 200K Near-Prime Clients with FICO Scores

FICO

In total, Prosper extended more than USD $225M in credit access to these consumers. Prosper also proactively mitigates credit risk and meets the increasing credit demand for creditworthy customers based on their monthly updated FICO® Scores. Millions of consumers in the U.S.

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How to Address Portfolio Risk Volatility Through Economic Uncertainty - Part 3

FICO

Lenders must adopt a similar mindset as they manage the health of their consumer lending portfolios to insulate their existing book of business from potential risk volatility. As we discussed in part 1 of this blog series, FICO® Resilience Index (FRI) was designed with precisely this capability in mind.

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US Bankcard Industry Benchmarking Trends: 2022 Q1 Update

FICO

FICO releases quarterly US Bankcard Industry Benchmarking trends, previously these were published on the FICO Community but going forward will be published on FICO.com blog. The following credit card performance figures represent a national sample of approximately 130 million accounts that comprise FICO® Advisors’ Risk Benchmarking solution.

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Truth Squad: Will Weaker Scoring Criteria Create a Mortgage Surge?

FICO

In fact, more than 65% of this population have not seen an update to their credit file in over 48 months. They don’t get a FICO® Score because of this long absence — information over 4 years old no longer reflects a person’s current credit risk. A mortgage would be a big leap up the credit ladder.

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How Transaction Analytics Transform Lending Speed and Results

FICO

For example, it can be used in onboarding a customer, determining a credit limit extension, a recovery treatment and even to pick up suspected fraud. What what’s less known is that its data scientists have applied the same innovative thinking to solutions around the credit risk cycle and how transactional analytics can be used.