FICO Launches Small Business Credit Score with Quod in Brazil
Similar to a consumer credit score, the Quod Score PJ PME by FICO converts the SME's credit profile data into a numerical score that is designed to predict the probability of future payment. Based on the characteristics of the company and its partners, it incorporates registration data and credit behavior data to refine the risk forecast - its integrated vision adds value, making analysis faster and more accurate.
The solution can be applied to SME credit products, loans, and leases across the life cycle from acquisition and account management to collections as well as cross-selling.
"As we expand into additional countries, FICO brings a depth of global analytic and scoring experience to enable faster, more precise credit decisions. With the introduction of Quod Score PJ PME by FICO, we continue to safely expand credit access for small and medium-sized businesses in this key region," says
"Small and medium-sized companies are of great importance for job creation and the economy's resumption. However, the credit risk assessment process of these companies can often be expensive and time-consuming, which means that many loans are denied. In this scenario, the Quod Score PJ PME by FICO acts in an agile and consistent manner, enabling creditors to expand their SME credit portfolios and control risk with confidence," says Ricardo Thomaziello, Chief Data Officer at Quod.
The new score launch in Brazil further highlights FICO's global innovation and momentum. FICO is now present in over 30 countries including Mexico, the
A world leader in predictive analysis software, FICO specializes in examining data and applying technologies such as artificial intelligence, machine learning and analytics to predict consumer behavior, optimizing companies' interactions with their customers. Operating in more than 100 countries, the company has developed a cloud platform that contributes to making more than 10 billion business decisions a year and that protects 2.6 billion cards against fraud. FICO brings together more than 195 global patents on technologies that increase profitability and customer satisfaction, contributing to the growth of companies in various segments, such as finance, insurance, retail, telecommunications, among others. Founded in 1956 and headquartered in
Quod is one of the largest data intelligence companies in
InPress Porter Novelli, Alan Mariasch, +55 11 3323 3795 / +55 11 98606 6854, email@example.com