Moldovan banks, non-banking financial institutions, insurance and telecommunication companies will have access to the most used credit score in the world for credit risk assessment – FICO Score.

This followed an exclusive agreement between Credit Bureau “Infodebit Credit Report” and First Credit Bureau of Kazakhstan holding the rights to provide FICO Score in CIS states.

‘FICO is an international company headquartered in USA with more than 55 years of experience at the market, namely in creation of scoring models around the world. It is essential that we entered the market of the Republic of Moldova together with FICO’, Ruslan Omarov, the General Director of First Credit Bureau of Kazakhstan said.

FICO Score presentation was attended by representatives of banking and non-banking financial institutions of the Republic, as well as by representatives of the American Chamber of Commerce in Moldova (AmCham), who had supported the Infodebit initiative for local launching of FICO Score.

Communication on the matter was published in the AmCham Moldova’s social network: ‘AmCham congratulates Infodebit Credit Report, AmCham member, for bringing FICO score to the Moldovan business community. It would allow creditors to better estimate the creditworthiness of their customers, thus enhancing the usage of financial services’.

Financial industry is complex. It consists of several sectors, each of which operates according to its own rules. However, FICO Score may be successfully applied by banks, non-banking financial institutions, insurance and telecommunication companies. “Integration of FICO Score to INFODEBIT system will provide local business environment with access to benefits of the international individual credit risk management standard’, Antonina Ceban-Bejenaru, the General Director of Infodebit, noted.

The FICO® Score is used by lenders to help make accurate, reliable, and fast credit risk decisions across the customer lifecycle. The credit risk score rank-orders consumers by how likely they are to pay their credit obligations as agreed. The most widely used broad-based risk score, the FICO Score plays a critical role in billions of decisions each year. Founded in 1956, FICO is the world’s leading provider of analytics software, solutions and services that transform the way organizations understand their customers and optimize business processes around them. FICO clients account for more than a half of 100 largest banks in the world. 100 billion FICO Scores have been sold to date making FICO the most used credit score in the world.

Credit Bureau INFODEBIT CREDIT REPORT