FICO launches small business credit rating with Quod in Brazil

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SAO PAULO, February 26, 2021 / PRNewswire / – Today, FICO, a world leader in predictive analysis and decision management software, and Quod, one of the largest data intelligence companies in Brazil, jointly launched a credit risk assessment solution for small and medium-sized enterprises (SMEs). To perform the analysis, the Score Quod PJ PME by FICO uses innovative data sources, such as positive credit register data and company and partner information, designed to be in full compliance with the General Data Protection Act (LGPD).

Similar to a consumer credit score, the Score Quod PJ PME by FICO converts the SME’s credit profile data into a numerical score designed to predict the likelihood of future payment. Based on the characteristics of the company and its partners, it integrates record data and credit behavior data to refine risk forecasting – its integrated vision adds value, making analysis faster and more precise.

The solution can be applied to credit products, loans and SME leases throughout the life cycle, from acquisition and account management to collections as well as cross-selling.

“As we expand into other countries, FICO brings in-depth global analysis and rating experience to enable faster and more accurate credit decisions. Quod Score PJ PME by FICO, we continue to expand access to safe credit for small and medium-sized businesses in this key region, ”says Alexandre graff, vice president and general manager of FICO Latin America and Caribbean.

“Small and medium-sized enterprises are of great importance for job creation and economic recovery. However, the credit risk assessment process for these companies can often be expensive and time consuming, which means that many loans are turned down. In this scenario, the Score Quod PJ PME by FICO acts in an agile and consistent manner, allowing creditors to expand their SME credit portfolios and control risk with confidence, ”said Ricardo Thomaziello, Chief Data Officer at Quod.

The launch of the new score in Brazil is even more striking FICO’s global innovation and momentum. FICO is now present in more than 30 countries including Mexico, Philippines, African countries, Indiaand other countries in the world.

About FICO
A world leader in predictive analytics software, FICO specializes in examining data and applying technologies such as artificial intelligence, machine learning and analytics to predict consumer behavior and optimize customer interactions. companies with their customers. Present in more than 100 countries, the company has developed a cloud platform that helps make more than 10 billion business decisions per year and protects 2.6 billion cards against fraud. FICO brings together more than 195 global patents on technologies that increase profitability and customer satisfaction, contributing to the growth of businesses in various segments, such as finance, insurance, retail, telecommunications, among others. Founded in 1956 and based in Silicon Valley, FICO opened its office in Brazil in 1998.

About Quod
Quod is one of the largest data intelligence companies in Brazil, authorized by the Central Bank to exploit positive data. Combining a large set of specific data, data from its partners and cutting-edge technology, the company develops decision support solutions for several purposes: customer prospecting, credit risk management, customer portfolio management, prevention of fraud, compliance and collection watch. The company began operations at the end of 2018 and serves clients from all sectors of the economy, including financial institutions, insurance companies, retailers, telecom operators, and small and medium businesses.

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