PR - Brazilian Credit Bureau Brings Global FICO Score to South America

Sao Paulo, Brazil-based Associacao Comercial de Sao Paulo (ACSP), one of the largest credit bureaus in Brazil, and Fair Isaac Corporation (NYSE: FIC), the leading provider of analytics and decision management technology, announced ACSP’s launch of Global FICO Score for Brazilian businesses. The launch of this innovative consumer credit-risk score makes Brazil the first South American nation to access Fair Isaac’s global-standard FICO credit risk scoring technology.

With Global FICO Score, ACSP will produce consumer credit risk scores from a combination of its own negative credit data and positive consumer credit data provided by the ACSP client who is requesting the score. Lenders can use Global FICO Score at all stages in the consumer credit lifecycle to improve decisions throughout the lending process, from marketing and account origination to full portfolio management.

"Our new Global FICO Score has been developed from Brazilian data and powered by Fair Isaac’s industry-standard technology customized for Brazil’s credit industry," said Luiz Marcio Domingues Aranha, general manager of ACSP. "For the first time, Brazilian lenders can receive a credit bureau score calculated from both their own positive credit data and our negative bureau data. The result is a risk score superior to any competing credit score."

"Our landmark, multi-year alliance with ACSP expands the marketplace for our Global FICO Score into the ninth-largest national economy," said Helcio Beninatto, managing director of Fair Isaac’s Latin America operations. "By enabling ACSP to include a lender’s positive credit data in score calculations for the first time, we are helping ACSP’s clients realize the increased predictive power that comes from full credit reporting. Brazilian lenders can use Global FICO Score to significantly sharpen their evaluation of consumer risk, streamline their decision processes, increase their profitability, and help to prevent excessive consumer debt levels."

Global FICO Score also may assist Brazilian lenders to meet their Basel II and other regulatory compliance requirements. The scores are complementary to custom application and behavior models, and can be used alongside internal scores at all stages in the credit lifecycle.

Fair Isaac’s Global FICO Score applies the company’s industry-standard FICO credit risk scoring technology to rank-order consumers according to their credit risk. Designed to be consistently scaled across credit bureaus and across national borders, the score has established a global standard for consumer credit risk assessment.