Fair Isaac Scores Again For Callcredit
31 January 2006
Credit reference agency Callcredit has agreed to a new deal extending its strategic alliance with leading edge analytics company Fair Isaac for an additional three years.
Under the alliance, which was originally formed in 2001, Fair Isaac has been responsible for creating and developing the predictive models for CallScore, Callcredit's credit risk scoring system.
John McAndrew, Callcredit's managing director said: "We are delighted to be reaffirming our successful partnership with Fair Isaac. As the depth and breadth of our data has increased, CallScore has developed into a powerful and effective tool for predicting credit risk.
"With Fair Isaac now in the process of making CallScore fully empirical we are confident it will soon be outperforming other credit scoring systems."
Brian Cooper, global scoring solutions director of Fair Isaac added: "We are very happy that our relationship with Callcredit in the UK has been extended. The need for a leading edge risk management and evaluation tool such as CallScore has never been more important, especially in the financial services sector, and we are delighted to be working alongside Callcredit to bring this important solution to the marketplace.
"CallScore is unique in the UK market as it is the only credit bureau risk score powered by industry proven FICO scoring technology. We have already started work on the new version of CallScore, which will be available later this year and is designed to provide UK lenders with unprecedented predictive power for highly accurate, consistent and profitable credit decisions."
About CallScore
- CallScore helps lenders make faster, more consistent and more profitable credit decisions by rank ordering consumers according to their relative risk of credit default.
- Fair Isaac's leading edge analytics are used to create CallScores based on analysis of the data held by Callcredit about an individual's credit history and payment performance.
About Callcredit
- Callcredit(www.callcredit.co.uk) is the UK's most technologically advanced credit reference agency, providing the market with a comprehensive range of consumer credit information services.
- Callcredit has harnessed state-of-the-art information technology with an unrivalled knowledge of the credit industry's needs to develop a range of innovative information solutions. Solutions that are enabling major lenders and a host of other blue chip companies to make better credit decisions, target new customers more effectively and manage existing customers more profitably.
- Callcredit is a subsidiary of Skipton Building Society (www.skipton.co.uk), one of the top ten largest building societies in the UK, and forms part of the Skipton Information Group, together with database management company EuroDirect and market analysis firm GMAP Consulting.
About Fair Issac
- Fair Isaac Corporation (NYSE:FIC) makes decisions smarter. The company's solutions and technologies for Enterprise Decision Management give businesses the power to automate more processes and apply more intelligence to every customer interaction. Through increasing the precision, consistency and agility of their decisions, Fair Isaac clients worldwide increase sales, build customer value, cut fraud losses, manage credit risk, reduce operational costs, meet changing compliance demands and enter new markets more profitably. Founded in 1956, Fair Isaac powers hundreds of billions of decisions a year in financial services, insurance, telecommunications, retail, consumer branded goods, healthcare and the public sector.
For further press information contact: Jane Fordham, Katie Moore or Sophie Smith at the Callcredit Press Office on
0207 067 0600 or callcreditpr@golinharris.com
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