NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Tuesday, October 4, 2016

FICO, the world leader in credit scoring, has today announced a new partnership with Lenddo, a specialist in credit and verification technologies. Together, the companies plan to develop a credit risk score for consumers in India who have a limited or no formal credit history.

The collaboration will combine Lenddo’s dedicated knowledge in the use of nontraditional data for scoring and online verification with FICO’s established strength in credit scores that are predictive, transparent and fair.

FICO and Lenddo are developing a score that will give lenders improved certainty around the risk assessment of people with ‘thin-files’ – those who don’t have enough data in their credit report to score. Both companies are committed to the common goal of enhancing financial inclusion around the world.