Experian, a global information solutions company, announced the introduction of the new Experian/Fair Isaac Advanced Risk Score. Fair, Isaac and Company, a leading provider of credit scoring services, built this next generation of credit scoring models using Fair, Isaac advanced scoring technology and leveraging Experian’s consumer credit data content.
“Experian is focused on providing the most up-to-date solutions to aid creditors in maximizing their offerings in today’s competitive marketplace,” said Peg Smith, president of Experian strategic business development. “Incorporating the NextGen scores into Experian’s variety of available risk assessment solutions provides lenders improved flexibility and greater options to best meet their goals of booking better quality credit and getting greater accuracy in their marketing programs.”
“The sharper credit evaluation provided by the NextGen scores will help lenders more confidently extend credit to new populations, make instant credit offers, reduce losses and deliver more customized products and pricing,” said Cheri St. John, Vice President at Fair, Isaac. She attributes the boost in predictive strength present in NextGen scores to a new design blueprint, which uses the latest advancements in predictive technology.
The Experian/Fair Isaac Advanced Risk Score is available now across Experian’s entire consumer credit reporting product line as part of a suite of credit risk assessment tools. Experian offers credit grantors a variety of credit risk scoring models and consults with creditors to assist them in selecting the model or models best suited to providing the greatest insight into evaluating credit risk.
About Fair, Isaac
Fair, Isaac and Company (NYSE: FIC) is a global provider of customer analytics and decision technology. Widely recognized for its pioneering work in credit scoring, Fair, Isaac revolutionized the way lending decisions are made. Today the company helps clients in multiple industries increase the value of customer relationships. Fair, Isaac has made the Forbes list of the top 200 U.S. small companies eight times in the last nine years. Headquartered in San Rafael, California, Fair, Isaac reported revenues of $298 million in fiscal 2000. For more information, visit the company’s Web site at .
Experian enables organizations to find the best prospects and make fast, informed decisions to improve and personalize relationships with their customers. It does this by combining sophisticated and intelligent decision-making software and systems with some of the world’s most comprehensive databases of information on consumers, businesses, motor vehicles and property. Through multi-channel delivery of its Web-based products and services, Experian enables its clients to conduct secure and profitable e-business and develop state-of-the-art Customer Relationship Management (CRM) systems for communicating and building relationships with customers. Experian is a subsidiary of GUS plc and has headquarters in Nottingham, UK, and Orange, California. Its 12,000 people support clients in more than 50 countries. Annual sales are approximately $1.5 billion. For more information, visit the company’s web site at .Details