Fair Isaac Corp., a provider of analytics and decision management technology, has released a new forward-looking decision tool kit for lenders. The Fair Isaac Risk Management Suite, available in the second quarter of this year, provides deeper insight into the future debt sensitivity and default risk of individuals, as well as more precise understanding of default risk across entire loan portfolios.
According to the company, the suite includes the latest FICO 08 Score, plus a new Credit Capacity Index score, Portfolio Stress Testing analytics, and educational modules known as Fair Isaac Insights.
New features added to the credit risk score are designed to significantly enhance its predictive power across the entire spectrum of credit risk, with the largest increases coming in three important consumer segments: originations and new accounts; borrowers who pose higher risk, often referred to as subprime borrowers; and borrowers with thin or young credit bureau files.
Fair Isaac notes that it is accepting inquiries now for the Risk Management Suite.