VantageScore has released a pilot of its latest credit-scoring model, VantageScore 4 Plus, for banks, fintechs and government lenders.
The new model combines alternate open banking data with traditional credit data, which it claims gives lenders a “substantial predictive lift of up to 10% compared to the industry leading VantageScore 4.0 credit score, which itself has up to an 8% lift over conventional scoring models.”
VantageScore said its new pilot is compatible with all major aggregator advanced programming interfaces (APIs) and works for any credit report from Experian, Equifax or TransUnion. The pilot model uses the same scoring range details ⇒
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