FICO® Score 4

FICO, in partnership with Círculo de Crédito, has redeveloped the FICO® Score using sophisticated artificial intelligence and machine learning modeling techniques to mine trends in recent consumer data and help lenders in Mexico predict consumer credit risk. FICO® Score 4 is designed to accurately rank-order consumer repayment risk.

Building off continued research, new data samples, and FICO’s state of the art analytic capabilities and predictive technologies in machine learning, FICO® Score 4 provides as much as 8.5% predictive lift over previous versions of the FICO® Score.

• Expanded score performance through the use of the latest statistical techniques, including AI and machine learning to ensure optimum score performance
• Leverage expanded use of utility-only tradeline data, which increases score performance across industry types, including consumer lending, insurance, utility, and telecommunications
• Broaden financial inclusion by leveraging  new consumer credit profile information which expands opportunities for growth in the customer base
• Bring insights available from credit bureau data to bear on credit risk decisions
• Accurately manage organizational risk tolerance, increase profitability, and reduce losses
• Simplify implementation and underwriting strategy as the FICO® Score 4 uses the same design footprint and is aligned with previous versions of the FICO Score in Mexico