Global FICO score applies Fair Isaac's industry-standard FICO credit risk scoring technology to rank-order consumers according to their credit risk. Designed to be consistently scaled across credit bureaus and across national borders, Global FICO score has established a global standard for consumer credit risk assessment. The Fair Isaac technology underlying the Global FICO scoring model enables rapid deployment in any country where credit bureau data is available.

"We selected Global FICO score for its proven ability as a highly predictive consumer risk score, as well as its faster implementation and payback," said Peggy Wang, Chief Senior Executive Vice President at Cathay United Bank. "Global FICO score will help us increase the value of existing credit bureau data to improve the quality of our originations decisions. In addition, it will help us precisely control our business volumes, delinquencies and bad debt, improving our ability to manage the tradeoff between credit risk and reward."

"Leading financial institutions such as Cathay United are quick to adopt high-performance tools that improve the quality of their lending decisions," said Ron Totaro, vice president of Global Scoring Solutions for Fair Isaac. "As the best tool in its class, Global FICO score will help Cathay United gain new opportunities for expansion while still controlling and monitoring its risk. Cathay United also will have the ability to improve its decisions throughout the customer credit lifecycle, from customer acquisition through account approvals, to full portfolio management."

Last year, Cathay United became the first financial institution worldwide to implement Fair Isaac's TRIAD adaptive control technology, which accelerates and simplifies businesses' development and deployment of profitable account decision strategies at the enterprise and portfolio levels. Global FICO score is fully compatible with TRIAD, and together they deliver immediate benefits to lenders' bottom line by allowing lenders to make a range of credit-related decisions.

Global FICO score currently is live or is being implemented in Singapore, Thailand, Poland, Sweden, Mexico and Saudi Arabia, and additional interest has been confirmed in other countries across Europe, Asia-Pacific and Latin America. Global FICO score is available to lenders and credit bureaus in any country where robust credit bureau data is available, except in the United States, Canada, United Kingdom and South Africa, where Fair Isaac credit scores are already available.