The Saudi British Bank Adopts Fair Isaac’s Global FICO(R)
Leading Saudi Arabian Bank Becomes the Fourth Middle East Lender to Adopt the World’s Leading Risk-Scoring Technology That Taps Credit Bureau Data

Fair Isaac Corporation (NYSE:FIC), the leading provider of analytics and decision management technology, today announced that The Saudi British Bank (SABB), an associated company of HSBC Group, has implemented Global FICO(R) score to enhance its decision-making process throughout the customer credit lifecycle.

Global FICO(R) score applies Fair Isaac’s industry-standard FICO(R) credit risk scoring technology to rank-order consumers according to their credit risk. Designed to be consistently scaled across credit bureaus and across national borders, Global FICO(R) score has established a global standard for consumer credit risk assessment. The Fair Isaac technology underlying the Global FICO(R) scoring model enables rapid deployment in any country with credit bureau data.

One aspect of globalization is now being realized: a uniform method of assessing credit worthiness. According to the article, Fair Isaac is now in use, or rolling out, in Turkey, Poland, Sweden, Ireland, Panama, Jamaica, Mexico, Singapore, South Korea, Taiwan and Thailand, and is currently being evaluated in other countries by a growing number of institutions.