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FICO (NYSE: FICO) has released a white paper demonstrating that its FICO® Score 10 T credit scoring model significantly outperforms VantageScore 4.0 in mortgage predictive accuracy. The analysis reveals that FICO Score 10 T detects 18% more defaulters in critical mortgage origination score ranges, compared to just 3.4% for VantageScore 4.0.

The new scoring model has been validated and approved by the Federal Housing Finance Agency for use by Fannie Mae and Freddie Mac. Early adopters representing over $300 billion in annual mortgage originations and $1.5 trillion in mortgage servicing portfolios have already implemented FICO Score 10 T.

Unlike VantageScore 4.0, which penalizes non-homeowners, FICO Score 10 T includes rental data while maintaining fairness for first-time homebuyers, military members, and disadvantaged groups.

FICO (NYSE:FICO) has released its European Fraud Map 2024, revealing concerning trends in card fraud across Europe. Total card fraud losses in EMEA increased to €1,578 million in 2024, approaching the 2015 peak of €1,642 million. The UK experienced a 4% rise in card fraud to £572.6 million, with Card Not Present (CNP) fraud accounting for 70% of losses.

Notable increases were observed in several European countries, with Hungary seeing the highest surge of 22%, followed by significant rises in Denmark (20%) and Norway. The study shows a shift from ID theft towards social engineering, data compromise scams, and 'quishing' (QR code fraud). Only Portugal and the Netherlands reported declining fraud levels, while France maintains a steady decrease from its 2018 peak.

FICO (NYSE:FICO) has released its UK Credit Card Market Report for May 2025, revealing concerning trends in consumer credit behavior. The data shows average credit card spending fell by 4.1% month-on-month and 1.7% year-on-year to £790, while average balances remain 4.7% higher year-on-year at £1,865.

Key indicators suggest growing financial strain: the percentage of balance paid dropped 5.8% year-on-year, cash withdrawals increased 2.5% month-on-month, and accounts with one missed payment rose 10.4% from April. The ratio of delinquent balances to overall balances is trending upward, indicating faster growth in missed payment amounts.

FICO (NYSE:FICO) and Barclays Bank have won a Credit Award for Excellence in Fraud Prevention for their innovative Scam Signal solution. The technology, developed in collaboration with Jersey Telecom, uses real-time telephony data to detect and prevent social engineering scams and card fraud.

The solution has demonstrated significant success, with Barclays forecasting a 6% reduction in card fraud. On its first day of deployment, the system identified 9 social engineering victims. The Scam Signal solution is integrated with FICO® Customer Communication Services and helps protect customers from Authorised Push Payment Fraud, which caused £450 million in losses in the UK last year.

FICO (NYSE: FICO) has powered a major digital transformation in Brazil's rural credit system through Bradesco's E-agro platform. Built on FICO® Platform, E-agro has granted over R$1 billion (USD$197M) in digital credit in its first year, serving more than 500,000 farmers.

The platform has achieved significant operational improvements, including a 70% reduction in contract lead times and automation of over 2,000 complex transactions. E-agro represents Brazil's first fully digital, government-subsidized rural credit solution, streamlining the lending process from dozens of steps to just eight.

The initiative has won the ESG Champion category in the 2025 FICO® Decision Awards, recognized for combining digital innovation with environmental responsibility through partnerships like the Sustainable Agriculture Finance Facility (SAFF).

FICO (NYSE:FICO) has released its UK Credit Card Market Report for April 2025, revealing ongoing financial pressures in the consumer credit sector. Credit card spending increased 11.8% month-on-month to £825, following seasonal patterns, but remained 0.5% lower year-on-year.

The report highlights concerning trends, including average balances rising 4.9% year-on-year to £1,875 and the proportion of balance paid declining to 33.98%, down 6.2% from April 2024. While accounts with one missed payment decreased by 22.1% month-on-month to 1.29%, the average balance for delinquent accounts increased significantly, with two and three missed payment balances up 6% and 6.3% year-on-year respectively.

FICO (NYSE: FICO), a global analytics software leader, has announced a partnership with MI New York, a professional cricket team in Major League Cricket (MLC), to promote financial literacy and credit education. The collaboration aims to leverage cricket's massive global following of 2.5 billion fans to raise awareness about financial health and credit understanding.

Through this initiative, MI New York cricketers will share financial experiences and credit education content via social media, helping fans access tools and resources for improving their financial literacy. The partnership emphasizes the importance of understanding FICO Scores, which are used by top U.S. lenders for various credit decisions. Consumers can access free FICO Score monitoring and educational materials through myFICO, FICO's consumer platform.

FICO (NYSE: FICO) has announced the integration of its FICO® Score Mortgage Simulator with MeridianLink Mortgage Credit Link (MCL). MeridianLink becomes the first mortgage technology platform to offer this simulation tool, which enables mortgage professionals to analyze how changes in credit report data could impact borrowers' FICO® Scores.

The simulator, exclusively built using FICO® Score algorithms, supports simulations across multiple credit bureaus and classic FICO® Scores (2, 4, and 5) used in mortgage lending. The integration enhances MCL's cloud-based platform by providing lenders with data-driven insights to help borrowers access better loan options and interest rates.

HomeFree-USA has launched the Experian® CreditCenter™, a free tool supported by FICO, to help potential homebuyers achieve their homeownership goals. The initiative will provide 5,000 U.S. homeowners with free access to their Experian Credit Report, FICO® Score 2, and various FICO score tools until June 30, 2026. Recent Experian research reveals that nearly 70% of adults who doubt homeownership cite home prices as the main barrier, followed by down payment requirements and low credit scores. The partnership between Experian, FICO, and HomeFree-USA aims to break down barriers to homeownership by offering personalized credit insights and financial tools. The initiative includes continuing education for HomeFree-USA counselors and the Experian Credit Academy, a financial literacy curriculum for university scholars.