Available in Turkey to Improve Debt Management

LONDON — August 4, 2014 — FICO (NYSE:FICO), a leading predictive analytics and decision management software company, today announced that it has partnered with Kredi Kayıt Bürosu (KKB), the Turkish credit bureau, to make collection scores widely available to Turkish credit grantors. These scores will promote responsible credit growth in Turkey by enabling lenders to improve their collections processes.

Turkey is experiencing rapid credit growth. According to the Turkish Banking Regulation and Supervision Agency, consumer loans and mortgages both grew by 22 percent from March 2013 to March 2014. However, this growth has slowed in 2014, and year-on-year growth in credit card receivables has fallen to single digits, in part due to new banking regulations.

To help lenders manage delinquent debtors, FICO is developing a collection score suite, which will predict the likelihood of a delinquent account rolling from one phase of delinquency to the next. Lenders will be able to use these scores to prioritize accounts for contact, and avoid contacting borrowers whose loans are overdue but who are expected to “self-cure.” Operations that adopt FICO® Collection Scores typically see a three-to-five percent lift in collections. The are expected to be available to Turkish lenders by the end of the year.

“Credit growth is a critical piece of Turkey’s economic expansion, and it requires advanced risk management,” said Koray Kaya, executive vice president for Strategy at Kredi Kayıt Bürosu. “The Turkish financial system is sophisticated, and our banks want the world’s best tools. With more than 50 years of experience in credit scoring, FICO knows not only how to derive the most value from KKB’s data, but also how to ensure our clients get the maximum benefit from using scores in their collections processes.”

“We see tremendous demand for analytics that can improve collections and risk management,” said Kerem Gul, who oversees FICO’s operations in Turkey. “FICO’s collection scores use advanced predictive modeling in order to provide the most reliable forecast of loan repayment. We are partnering with KKB to make lending more efficient, and help lenders collect more from overdue debtors.”

About FICO
FICO (NYSE: FICO), formerly known as Fair Isaac, is a leading analytics software company, helping businesses in 90+ countries make better decisions that drive higher levels of growth, profitability and customer satisfaction. The company’s groundbreaking use of Big Data and mathematical algorithms to predict consumer behavior has transformed entire industries. FICO provides analytics software and tools used across multiple industries to manage risk, fight fraud, build more profitable customer relationships, optimize operations and meet strict government regulations. Many of our products reach industry-wide adoption. These include the FICO® Score, the standard measure of consumer credit risk in the United States. FICO solutions leverage open-source standards and cloud computing to maximize flexibility, speed deployment and reduce costs. The company also helps millions of people manage their personal credit health. FICO: Make every decision count™. Learn more at www.fico.com.

For FICO news and media resources, visit www.fico.com/news.

FICO and “Make every decision count” are trademarks or registered trademarks of Fair Isaac Corporation in the US and other countries.

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