Fair, Isaac introduces NextGen scores

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San Rafael, Calif.--Fair, Isaac and Co. Inc. said Tuesday that its global information company Experian has successfully begun offering risk scoring analysis to the profiles of potential customers it produces for financial services clients. Branded as Experian/Fair, Isaac Advanced Risk Scores, the new product is a breakthrough because it allows financial services companies to identify consumers and small business borrowers who are potentially the most profitable to lenders, said Cheri St. John, VP-general manager of Fair, Isaac's Global Data Repository and Processor Alliances Market unit. Findings show NextGen can reduce charge-off rates by 20% to 25% percent without unwanted attrition in established accounts, Fair Isaac said.
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