Use the dropdown below to select another product to compare with Nexis® Data+.
The table below summarises some key information about Nexis® Data+ from LexisNexis Risk Solutions and FICO Score XD from FICO, giving you some points to compare.
| Nexis® Data+ | FICO Score XD | |
|---|---|---|
| Product Use-cases | ||
| 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. |
FICO® Score XD is designed to assess the credit risk of consumers with limited or no traditional credit history. It utilizes alternative data sources, such as telecommunications and utility payment histories, to generate a credit score. This enables lenders to extend credit opportunities to a broader population while maintaining effective risk management. |
| Vendor | LexisNexis Risk Solutions | FICO |
| Vendor Awards |
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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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