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The table below summarises some key information about Nexis® Data+ from LexisNexis Risk Solutions and FICO Score from FICO, giving you some points to compare.
| Nexis® Data+ | FICO Score | |
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| Product Description |
Nexis® Data+ from LexisNexis Risk Solutions is an advanced data enrichment platform that provides actionable insights from vast global datasets. The solution combines structured and unstructured data sources to deliver comprehensive intelligence for compliance, fraud prevention, and decision-making workflows. With robust integration options and intuitive analytics tools, Nexis® Data+ empowers organizations to identify risks, uncover opportunities, and streamline operations. This platform is designed to enhance business intelligence and improve operational outcomes in today's complex regulatory environment. |
The FICO® Score is a widely recognized credit risk assessment tool used by lenders to evaluate the likelihood that a consumer will repay a loan as agreed. It analyzes information from credit reports to produce a score that helps lenders make informed credit decisions across the customer lifecycle. :contentReference[oaicite:2]{index=2} |
| Vendor | LexisNexis Risk Solutions | FICO |
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| Vendor Headquarters | United States | United States |
| Vendor Founded | 1970 | 1956 |
| About the vendors |
LexisNexis Risk Solutions is a global data and analytics company that provides information-based analytics, decision tools, and data management services to help organizations make informed decisions, stay compliant, reduce risk, and improve operations |
FICO, originally known as Fair Isaac Corporation, is a data analytics company headquartered in Bozeman, Montana. Founded in 1956 by Bill Fair and Earl Isaac, FICO has become a major player in the field of credit scoring and financial technology. FICO offers a wide range of analytics software solutions and services, including: - Credit scoring (the widely-used FICO Score) - Fraud detection and prevention - Decision management - Customer communications - Collections and recovery solutions - Compliance tools The company serves various industries, including banking, telecommunications, insurance, healthcare, and retail. The FICO Score has become a standard measure of consumer credit risk in the United States. It plays a crucial role in lending decisions: - Used in 75% of home loan originations - Accessed by approximately 30 million American consumers (as of 2013) - Helps increase consumer access to credit by providing a standardized risk assessment tool FICO's influence extends beyond credit scoring, with its fraud protection services safeguarding over 2.5 billion credit cards. |
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