LexisNexis® Risk Solutions, a technology, data and analytics company, will host a lunch panel discussion on the development of a new FICO® Score based on alternative data at the EMERGE Forum on Thursday, June 11, 2015. The panel will discuss the extensive research into the credit invisible population, conducted by LexisNexis, Equifax and FICO, that led to the development of the new FICO® Score aimed at extending credit responsibly to millions of additional people.
The credit invisible population includes over 50 million consumers who do not have a traditional credit score, which hinders their ability to qualify for mainstream forms of credit. Lenders rely on credit scores to help determine a person’s creditworthiness to obtain mortgages, auto loans and credit cards. LexisNexis, Equifax and FICO have partnered to address this problem and develop a new credit score based on alternative data such as property records, cable and telecommunications bills.
The panel session will explore the characteristics of the credit invisible consumer population, dive into the details of how alternative data informs the new FICO® Score and discuss how consumers, lenders and the broader economy will benefit from this innovation.
• Ankush Tewari, Senior Director, Market Planning, LexisNexis Risk Solutions
• Dacia Edmondson, Senior Director, Product Management, Equifax
• Dave Shellenberger, Senior Director, Scoring and Predictive Analytics, FICO
Thursday, June 11, 2015, 12:05 pm. 1:05 pm.
Hilton Austin, Austin, TX
Session: Get the inside scoop on the new FICO score powered by LexisNexis and Equifax
About LexisNexis Risk Solutions
LexisNexis Risk Solutions (lexisnexis.com/risk) is a leader in providing essential information that helps customers across industries and government predict, assess and manage risk. Combining cutting-edge technology, unique data and advanced analytics, LexisNexis Risk Solutions provides products and services that address evolving client needs in the risk sector while upholding the highest standards of security and privacy. LexisNexis Risk Solutions is part of RELX Group plc, a world-leading provider of information solutions for professional customers across industries. LexisNexis and the Knowledge Burst logo are registered trademarks of Reed Elsevier Properties Inc., used under license.