FICO® Score access helps educate consumers about their financial health
DULUTH, Ga., 2015-11-21 — /EPR Retail News/ — Digital Insight, an NCR company and leader in digital banking solutions, has partnered with FICO to bring the FICO® Score Open Access program to its financial institution customers. The program enables the financial institution to share with their customers the same FICO® Scores used to manage their accounts. The customer may view their score, see its relative strength within a score meter, and access FICO® Score education including their score history and key factors that impacted the score.
“We are always looking for ways to provide our financial institution customers value they can pass along to their end users,” said Jeff Hughes, general manager of Digital Insight and CTO of NCR Financial Services. “Offering FICO® Scores gives financial institutions the ability to educate consumers on their finances and increase customer engagement.”
FICO® Scores provide a fair and objective evaluation of a customer’s credit history and their likelihood to repay their debt obligations. FICO® Scores are a key factor that lenders look at when evaluating loans.
For financial institutions, sharing FICO® Scores with their customers and members creates an opportunity for increased interaction via online banking. End users will be able to log into their accounts to see their score and utilize other offerings within their online banking session. Once logged into their account, in a single click a user can know their FICO® Score, the relative score strength, key score factors and 12 months of historical scores and factors.
By disclosing FICO® Scores to their customers and members, financial institutions will be able to:
- Help customers and members understand their financial health; when it comes to credit, knowledge is power.
- Provide an additional touch point and service via their online banking sites.
- Gain trust and increase the likelihood that users will think of their financial institution first for additional financial needs.
Digital Insight supports FICO® Score models for all three major Credit Reporting Agencies. Digital Insight clients interested in this offering should contact their Digital Insight relationship manager.
About Digital Insight
Digital Insight, an NCR company, helps banks and credit unions achieve their goals and grow by offering innovative online and mobile banking solutions that make it easier for consumers and businesses to manage their money. Our proven banking innovations give financial institutions the flexibility and control to engage more, increase retention and cross-sell effectively.
About NCR Corporation
NCR Corporation (NYSE: NCR) is the global leader in consumer transaction technologies, turning everyday interactions with businesses into exceptional experiences. With its software, hardware, and portfolio of services, NCR enables more than 550 million transactions daily across retail, financial, travel, hospitality, telecom and technology, and small business. NCR solutions run the everyday transactions that make your life easier.
NCR is headquartered in Duluth, Georgia with over 30,000 employees and does business in 180 countries. NCR is a trademark of NCR Corporation in the United States and other countries.
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Digital Insight, an NCR company