In anticipation of FICO World 2016, FICO principal consultant Julia Wooding will host the opening segment of a webinar series where the company will delve into recent advances in credit scoring.
Wooding plans to discuss the latest updates associated with FICO Score 9, FICO Score XD and FICO Score Open Access during a free webinar slated to start at 1 p.m. ET on Wednesday. Wooding has been with FICO since 1993 and works with larger finance companies in the U.S. and Canada to help them understand, use and evaluate FICO Score solutions.
Here are some of the points Wooding intends to cover:
— FICO 9 Score: How is FICO 9 Score different from previous versions? What have lenders found when evaluating, testing and validating FICO 9 Score? What trends are we seeing in the use of FICO 9 score among diversified, P2P, subprime and other alternative lenders?
— FICO Score XD: FICO’s new score can enable lenders to engage more than 50 million American consumers who don’t have enough data in their files for a traditional FICO Score. This audience offers the opportunity for tremendous potential growth and risk. How does FICO create a score? Who are the “unscoreables” and how did we approach the challenge of scoring this universe?
— FICO Score Open Access: This program can make FICO Scores available to finance company customers for free has seen tremendous adoption, according to the company. But it’s more than just free credit scores. What are the other components of this program and how do these benefit your customers? What does it take to implement FICO Score Open Access? What feedback are we hearing from lenders who have implemented it?
“We’ll also share information about our Credit Boot Camp at FICO World 2016 and a preview of other sessions in the credit scoring, originations, and other tracks intended to help lenders make better decisions,” FICO officials added.