MINNEAPOLIS -- Fair Isaac Corp. will soon be offering a new decision tool kit for lenders that the company said will "provide deeper insight into the future debt sensitivity and default risk" of individuals and loan portfolios.
Available in the second quarter, the new Fair Isaac Risk Management Suite includes the latest FICO 08 Score credit bureau risk score, a new "Credit Capacity Index" score, portfolio stress testing analytics, and educational modules.
The company said lenders will be able to use FICO O8 Scores with only minimal changes to their current operating systems.
"Our clients are experiencing unprecedented pressure to identify, understand, and manage risk amid today's fast-moving, uncertain economic conditions," said Mark Greene, CEO of Fair Isaac (www.fairisaac.com). "(And) we are responding with a far-reaching set of innovative resources that extend lenders' ability to predict and manage credit risk effectively."