The solution Quod Score PJ PME by FICO incorporates positive data to make credit analysis and decisions faster, more accurate.
FICO, a global predictive analytics and decision management software leader, and Quod, one of the largest data intelligence companies in Brazil, jointly launched a solution for credit risk assessment of small and medium-sized companies (SMEs). To perform the analysis, the Quod Score PJ PME by FICO uses innovative data sources, such as data from the Positive Credit Registry and information about the company and its partners, designed to be in full compliance with the General Data Protection Law (LGPD).
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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 Alexandre Graff, vice president and general manager of FICO Latin America and the Caribbean.
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“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 Philippines, African countries, India, and additional countries around the world.
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