FICO and Experian Renew Agreement to Provide FICO scores to North American Financial Institutions and Businesses

FICO and Experian Renew Agreement to Provide FICO® Scores to North American Financial Institutions and Businesses
Long term agreement facilitates expanded analytics for risk management as well as consumer access to the FICO Score

SAN JOSE and COSTA MESA, Calif. – May 8, 2013FICO (NYSE: FICO), a leading predictive analytics and decision management software company, and Experian®, the leading global information services company, today announced that they have agreed to extend their long-standing partnership to provide FICO® Scores to the North American banking community.  Additionally, Experian has agreed to expand FICO’s access to its consumer data for the purposes of developing and marketing new analytics that will meet the changing requirements of businesses in this era of intense competition and heightened regulatory requirements.

As part of the new long-term agreement, FICO will be able to license its analytics directly to lenders.  Experian will support these FICO direct licenses by agreeing to deliver the FICO score, derived from Experian’s industry-leading data, to mutual clients.  FICO’s expanded access to Experian’s consumer credit data will enable the creation of models for additional predictive power.  Furthermore, Experian will make FICO Scores available to consumers through and through third parties.

“Between growing competitive pressures and increasingly complex regulatory requirements, lenders are gravitating toward the best data and analytic tools available,” said CEB TowerGroup Senior Research Director Craig Focardi. “Lenders also rely heavily on long-standing data and analytics vendor partnerships that provide continued options and new product offerings.”

Gerry Tschopp, Experian: 714-830-7756
Elisabeth Hershman for FICO: 212-289-6734

Investors: Steven Weber, FICO: 800-213-5542

About Experian
Experian is the leading global information services company, providing data and analytical tools to clients around the world. The Group helps businesses to manage credit risk, prevent fraud, target marketing offers and automate decision making. Experian also helps individuals to check their credit report and credit score, and protect against identity theft.  

Experian plc is listed on the London Stock Exchange (EXPN) and is a constituent of the FTSE 100 index. Total revenue for the year ended 31 March 2012 was US$4.5 billion. Experian employs approximately 17,000 people in 44 countries and has its corporate headquarters in Dublin, Ireland, with operational headquarters in Nottingham, UK; California, US; and São Paulo, Brazil.
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About FICO
FICO (NYSE:FICO) delivers superior predictive analytics solutions that drive smarter decisions. The company’s groundbreaking use of mathematics to predict consumer behavior has transformed entire industries and revolutionized the way risk is managed and products are marketed. FICO’s innovative solutions include the FICO® Score — the standard measure of consumer credit risk in the United States — along with industry-leading solutions for managing credit accounts, identifying and minimizing the impact of fraud, and customizing consumer offers with pinpoint accuracy. Most of the world’s top banks, as well as leading insurers, retailers, pharmaceutical companies and government agencies, rely on FICO solutions to accelerate growth, control risk, boost profits and meet regulatory and competitive demands. FICO also helps millions of individuals manage their personal credit health through Learn more at
FICO: Make every decision count™.
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Statement Concerning Forward-Looking Information

Except for historical information contained herein, the statements contained in this news release that relate to FICO or its business are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including the success of the Company’s Decision Management strategy and reengineering plan, the maintenance of its existing relationships and ability to create new relationships with customers and key alliance partners, its ability to continue to develop new and enhanced products and services, its ability to recruit and retain key technical and managerial personnel, competition, regulatory changes applicable to the use of consumer credit and other data, the failure to realize the anticipated benefits of any acquisitions, continuing material adverse developments in global economic conditions, and other risks described from time to time in FICO’s SEC reports, including its Annual Report on Form 10-K for the year ended September 30, 2012 and its last quarterly report on Form 10-Q for the period ended March 31, 2013. If any of these risks or uncertainties materializes, FICO’s results could differ materially from its expectations. FICO disclaims any intent or obligation to update these forward-looking statements.

FICO and myFICO are trademarks or registered trademarks of Fair Isaac Corporation in the United States and in other countries.