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FICO and Experian Team Up for Keynote on Credit Innovation and Financial Inclusion at LendIt Fintech USA 2019

Will Lansing and Alex Lintner will share with Lynnette Cox, the Money Coach, how FICO and Experian are helping empower lenders and consumers with transformational data analytics

SAN FRANCISCO, April 8, 2019 /PRNewswire/ -- 

  • FICO and Experian to joint keynote at LendIt Fintech USA, 9:40-10:00 a.m. P.T., April 9th, 2019
  • Personal finance expert, Lynnette Khalfani-Cox, The Money Coach, to join and host keynote
  • Keynote highlights recent consumer permissioned data innovations in credit to help support financial inclusion and improve credit access
  • Joint FICO, Experian, and Finicity panel session on consumer lending technology with Kalpesh Kapadia, CEO, Deserve, "Deep Dive into UltraFICO" on April 9th, at 11:15-11:55 a.m. P.T.
FICO Corporate logo. (PRNewsFoto/FICO)

FICO CEO, Will Lansing, and Experian Consumer Information Services Group President, Alex Lintner, will keynote at LendIt Fintech USA 2019. Focusing on innovation around financial inclusion and credit access, the keynote will address analytic developments behind consumer permissioned data and how to best use it to responsibly and securely extend credit to more consumers. The keynote address will take place on April 9, from 9:40 – 10 a.m. P.T. with personal finance expert, Lynnette Khalfani-Cox, The Money Coach, as host.

"I'm thrilled to moderate this crucial conversation which will help consumers and lenders alike understand the latest innovations in credit scoring," said Lynnette Khalfani-Cox, The Money Coach. "FICO credit scores are enormously important to the financial health of all Americans. Now, for the first time ever, consumers will have the ability to 'opt in' to a form of credit-scoring that empowers them and better reflects their credit-worthiness."    

Lansing will discuss the new UltraFICO™ Score, which taps into consumer-contributed data including checking, savings and money market account data to help consumers showcase sound financial behavior and help improve access to credit. FICO is currently offering the new score for pilot and expects to make the UltraFICO Score generally available to lenders later in 2019. 

"Together with Experian and Finicity, FICO's goal is to provide lenders with the most comprehensive look at a consumer's financial behavior. Opening up the door for lenders to make more informed lending decisions means we're creating opportunities for more consumers to access credit," said Dave Shellenberger, vice president, product management, Scores and Predictive Analytics at FICO. "We have a long history of innovating new ways to improve financial inclusion globally and we're committed to helping lenders provide those who previously couldn't access credit the ability to achieve important life milestones, such as getting a credit card, financing a car or buying a home."

In a move that will reshape the way consumers get access to credit, Lintner will discuss the newly launched Experian Boost, a free, groundbreaking online platform that may allow consumers to instantly impact their credit scores. Consumers across America are now empowered to potentially boost their credit score by adding telecommunications and utility bill payments to their credit file.

"We are constantly innovating and leveraging technology to find new ways to help consumers gain access to quality credit, while promoting fair and responsible lending. As the consumer's bureau, our goal is to not only help consumers build credit, but to get better access to credit," said Alex Lintner, Group President of Experian's Consumer Information Services. "Demonstrating our commitment to financial inclusion, Experian Boost and UltraFICO are the latest examples of our mission to provide consumers with greater control and access to credit in the most convenient and safest way possible."

These solutions can provide lenders with a more informed and comprehensive understanding of a consumer's creditworthiness.

FICO, Experian and Finicity are also participating in a panel session on consumer lending technology titled, "Deep Dive into UltraFICO." The panel happens on April 9, at 11:15-11:55 a.m. P.T.  Panel speakers include: Shellenberger; Greg Wright, chief product officer at Experian Consumer Information Services; Nick Thomas, co-founder, president and chief technology officer at Finicity; and Kalpesh Kapadia, chief executive officer, at Deserve. 

If interested in the presentations at LendIt Fintech USA 2019, visit the FICO booth #1315 or register to attend at: https://www.lendit.com/usa/2019.

Lenders can learn more about UltraFICO at: www.fico.com/en/products/ultrafico-score and consumers can learn more at www.ultrafico.com.

To learn more about Experian visit booth #1509.

To try the Experian Boost platform, visit: www.experian.com/boost

About FICO
FICO (FICO) powers decisions that help people and businesses around the world prosper. Founded in 1956 and based in Silicon Valley, the company is a pioneer in the use of predictive analytics and data science to improve operational decisions. FICO holds more than 195 US and foreign patents on technologies that increase profitability, customer satisfaction and growth for businesses in financial services, telecommunications, health care, retail and many other industries. Using FICO solutions, businesses in more than 100 countries do everything from protecting 2.6 billion payment cards from fraud, to helping people get credit, to ensuring that millions of airplanes and rental cars are in the right place at the right time. Learn more at http://www.fico.com.

Join the conversation at https://twitter.com/fico & http://www.fico.com/en/blogs/.

For FICO news and media resources, visit www.fico.com/news.

FICO and UltraFICO are trademarks or registered trademarks of Fair Isaac Corporation in the United States and in other countries.

About Experian
Experian is the world's leading global information services company. During life's big moments – from buying a home or a car, to sending a child to college, to growing a business by connecting with new customers – we empower consumers and our clients to manage their data with confidence. We help individuals to take financial control and access financial services, businesses to make smarter decisions and thrive, lenders to lend more responsibly, and organizations to prevent identity fraud and crime.

We have 16,500 people operating across 39 countries and every day we're investing in new technologies, talented people and innovation to help all our clients maximize every opportunity. We are listed on the London Stock Exchange (EXPN) and are a constituent of the FTSE 100 Index.

Learn more at www.experianplc.com or visit our global content hub at our global news blog for the latest news and insights from the Group.

About Finicity
Finicity's mission is to help individuals, families and organizations make smarter financial decisions through safe and secure access to fast, high-quality data. The company, which launched its first financial product in 2000 and has since grown to provide financial data APIs, credit decisioning tools and financial wellness solutions, partners with influential financial institutions and disruptive fintech providers alike to give consumers a leg up in a complicated financial world. The company has developed more than 15,000 bank, wealth management and credit card integrations, giving it broad market coverage and utilizes advanced analytics and data intelligence to deliver rich financial insights. Finicity received recognition from American Banker in it's Best Fintechs to Work For list, it was awarded API World's 2016 Finance API of the Year and is a 2019 HousingWire Tech100 winner. To learn more or test drive its API, visit www.finicity.com.

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