As part of FICO Financial Inclusion Initiative, new licensing agreement can help millions of consumers in emerging markets gain access to credit

LONDON — October 25, 2016

HIGHLIGHTS:

• FICO is announcing a strategic partnership with EFL Global, a pioneer in psychometrics and alternative data for credit decisions, to make this technology available to FICO clients to help them safely and efficiently provide access to credit to millions of previously unscoreable consumers in markets outside the US.

• This increased access to credit will unlock new economic opportunities for lenders and some of the 3+ billion consumers who remain unbanked or underbanked worldwide.

• This effort is part of the FICO Financial Inclusion Initiative globally.

• The initial focus of the partnership will be in Turkey, Russia and Mexico.

For more information: www.fico.com/financialinclusion

As part of its FICO Financial Inclusion Initiative, analytic software firm FICO today announced a strategic partnership with EFL Global to expand credit scoring options for lenders and consumers in markets outside the US. FICO will offer EFL's psychometric scoring alongside its own credit scoring products in global markets, with the initial focus on Turkey, Russia and Mexico.

"We estimate that more than 3 billion consumers globally could gain access to credit at affordable rates if there were an effective way to assess their ability and willingness to repay loans," said Jim Wehmann, EVP of Scores at FICO. "EFL has over a decade of experience in research and scoring consumers and small businesses with no credit history in 30 countries. Combining this with FICO's credit scoring expertise and market reach takes us another step closer to helping people to lead better lives, which also can have a positive impact on the economy."

Psychometrics is a scientific means of evaluating a consumer's stability and willingness to repay their loans based on validated consumer contributed data via a survey process. EFL's psychometric scoring technology was born out of more than a decade of empirical research, initially at Harvard, and validated by over a billion dollars of lending across the world. In the past five years, EFL's innovations have expanded the horizon of alternative data for credit decisioning.

"EFL's pioneering psychometric scoring technology has enabled lenders to disburse loans to worthy consumers and SMEs worldwide," said DJ DiDonna, cofounder and chief strategy officer at EFL. "FICO and EFL have complementary products and a shared focus on helping consumers and small businesses gain access to credit. We are thrilled that EFL and FICO can work together to help information-scarce households and entrepreneurs gain access to affordable credit."

The FICO Financial Inclusion Initiative aims to help lenders make affordable credit available to the estimated 3+ billion unbanked and underbanked adults worldwide. These "credit invisibles" benefit from credit scores that leverage multiple data sources to assess credit risk and assist responsible lending.

About EFL

EFL Global is an innovative financial-technology company whose mission is to help people earn credit. EFL employs psychometric and nontraditional applicant data to create credit scores to measure risk and potential among consumers and small businesses in information-scarce environments. To date, EFL has processed over $1 Billion in credit decisions across 25+ emerging market countries using alternative data. EFL, a product of its early Harvard research, has been recognized by the G-20 as one of the most innovative approaches to SME finance globally. EFL's partners include over thirty retail, MFI, and SME financial institutions across a dozen countries in Africa, Latin America, South Asia, and Southeast Asia. For more information, please visit http://www.eflglobal.com/.

About FICO

FICO (NYSE: FICO) powers decisions that help people and businesses around the world prosper. Founded in 1956 and based in Silicon Valley, the company is a pioneer in the use of predictive analytics and data science to improve operational decisions. FICO holds more than 165 US and foreign patents on technologies that increase profitability, customer satisfaction and growth for businesses in financial services, telecommunications, health care, retail and many other industries. Using FICO solutions, businesses in more than 100 countries do everything from protecting 2.6 billion payment cards from fraud, to helping people get credit, to ensuring that millions of airplanes and rental cars are in the right place at the right time.

Learn more at http://www.fico.com

FICO is a registered trademark of Fair Isaac Corporation in the U.S. and other countries.

Contacts:
Media:
Georgia Hart for FICO
Catalysis
+44 (0)20 7759 2011
fico@catalysis.co.uk

Cady Susswein for EFL
Melwood Global
+1 301.272.8658
Csusswein@melwoodglobal.com

Investors/Analysts:
Steven Weber
FICO
+1 800-213-5542
investor@fico.com