The FICO 8Score service is expected to combine predictive analytics technologies and scoring blueprints from FICO. The service is set to capture risk patterns and offer predictive risk assessment, especially in support of new account originations, new-to-credit populations and line-of-credit portfolios. In addition, the FICO 8Score offering is set to evaluate line of credit accounts separately from other credit instruments, such as credit cards.
The service is expected to be available for full implementation in March 2011.
FICO delivers nearly 350 million FICO Score offerings to Canadian clients annually.
In a recent development , FICO has entered an agreement with UK financial institution Tesco Bank, in order to provide collections, risk and fraud services to the latter’s banking platform.
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