Fair Isaac builds the industry’s most powerful predictive models. Our expertise is based upon nearly 50 years of analytic experience, delivery of thousands of models that span the entire credit lifecycle from originations to account management.
With Fair Isaac predictive models for originations, lenders can reduce lossed; approve more applicants and increase profitability with risk-based pricing; cut decision time and streamline operations; implement new models within days; and ensure regulatory complicance.
In account management, financial services providers rely on our predictive models to build profitability in credit line management, card re-issue, re-pricing, cross-selling and up-selling, delinquent and over-limit authorizations, and to support collections.
We also have deep experience working with clients in many industries including credit card, telecommunications, mortgage, insurance, and many other industries where our clients extend credit to their customers.
For clients with advanced scoring needs, and that have sufficient historical data, we offer empirically derived, custom Advanced Models tailored specifically to your product portfolio and customer base. If you do not have sufficient data, our Express Models and Expert Models provide the benefits of highly tuned scoring without the time, expense and data demands of a custom model development.
Advanced ModelsFair Isaac's Advanced Models are highly customized, providing you with maximum ROI. Advanced Models are empirical models built using statistical methods on actual performance data. They provide the most powerful predictive performance when sufficient data history is available. Advanced Models leverage sophisticated analytic technology and innovations from the Fair Isaac R&D Lab, and enable you to take advantage of your unique portfolio and assets.
Clients using Fair Isaac custom Advanced Models have achieved significant quantitative payback including 20% to 30% increases in approvals and 15% to 30% reductions in bad debt. Fair Isaac Advanced Models can elevate you to a higher level of scoring sophistication and support your internal resources to ensure your projects are completed on time with superior quality.
Each step in a custom Advanced Model development has a direct impact on performance – and your bottom line. When it comes to analytic techniques, Fair Isaac’s decades of experience, proven methodology and attention to detail translate into greater lift from your models.
Express ModelsFair Isaac Express Models provide you with a powerful emipirical tool based on our Express Model design framework. Express Models are based on a simplified design process while leveraging Fair Isaac's proven modeling methodology to deliver quality models backed by customized support options.
Fair Isaac believes in defining quality from your point of view. Express Models are tailored to your specific needs, whether you are a sophisticated analytic user looking to augment your in-house team resources, or relatively new to models looking for efficient, quality empirical models. Clients of Express Models typically experience profitability improvements of 15% to 40% over judgmental decisioning, or 5% to 15% over dated empirical models.
Expert ModelsFor clients who don’t have sufficient data for an empirical model, such as when new to scoring or entering a new market, Expert Models are an excellent means for reaping the benefits of predictive modelling. Expert models are also a great way to get started quickly with models as they can be developed much faster than empirical models.
Fair Isaac Expert Models are statistically derived from Fair Isaac’s industry experience combined with your knowledge of your unique business environment. Expert models provide highly predictive scores using characteristics, attributes and score weights that have worked well for similar situations. Individual applicants are rank-ordered by how likely they are to pay in the future.
Expert models are developed from the expertise of modelers who have built many empirical models in the past, but are customized to the population, portfolio and data source in question. Although it is not derived from actual data, the "Expert" modeler is very familiar with predictive patterns in actual data.
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Model Builder is an analytic modeling environment that allows rapid development and deployment of predictive models for mission-critical business applications. Using this tool, customers are able to:
Predictive Science offers a broad portfolio of analytic support designed to help you achieve your specific business needs. Whether you are in need of additional resources to accelerate an important project, timely guidance from a trusted advisor, or a comprehensive analytic outsourcing solution, partnering with Predictive Science is a reliable way to ensure success.
Staying ahead of your competition requires that you continually adopt innovative, practical risk management strategies and methodologies. Fair Isaac helps companies execute billions of powerful decisions every year, and we’ve continued to apply our research across industries and decision areas to develop new ways to apply advanced analytics to predict behavior accurately, instantly and at very high volumes.
Again and again we’ve invented ground-breaking ways to apply data-driven and data-guided technologies to business problems—opening up new wellsprings of value. Predictive Science provides our clients with a direct link to our R&D lab. In these interactive briefings with the Fair Isaac R&D team, you will learn about recent predictive modeling innovations that can enhance your current business practices, as well as forward-looking topics that will benefit your business in the years to come.
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