FICO Credit Scores Coming to Russia with NBKI

National Bureau of Credit Histories (NBKI), the premier credit bureau in Russia, and Fair Isaac Corporation (NYSE:FIC), the leading provider of analytics and decision management technology, today announced a ground-breaking, multi-year alliance to introduce Fair Isaac’s global-standard FICO credit risk scoring technology to Russian lenders by this fall.

The flexible design of the FICO Score will enable lenders across Russia to assess consumer credit risk with a significantly greater degree of precision. This precision will enable lenders to more confidently tailor their credit product offerings to the risk profile of individual consumers. In this way lenders can safely increase their penetration of the market, reduce their risk exposure, and improve their profits in a controlled and customizable manner. Consumers also stand to benefit over time from improved access to credit products at more competitive rates.

“Lenders in Russia need state-of-the-art bureau scores to better assess consumer credit risk against a background of continuing rapid growth in consumer lending,” said Lisa Nelson, vice president of Global Scoring for Fair Isaac. “By applying Fair Isaac’s unparalleled analytics experience to the comprehensive consumer database of NBKI we expect to set the standard for credit risk assessment in Russia for many years to come.”