FICO announces availability of UltraFICO Score

FICO (FICO) announced the general availability of the next-generation UltraFICO Score, a credit score that combines the proven reliability of the FICO Score, used by 90% of top U.S. lenders, with real-time, consumer-permissioned cash flow data. Developed by FICO and powered by Plaid’s data network, the UltraFICO Score provides lenders with an enhanced measure of consumer credit risk, on the same industry standard score scale lenders trust, with minimal operational lift. The UltraFICO Score builds on traditional credit data by incorporating cash flow insights drawn from consumer-permissioned bank account data across Plaid’s network of more than 12,000 financial institutions, including cash inflows and outflows, account balance stability, and spending behavior. The result is a single, enhanced score that delivers superior risk assessment without requiring lenders to overhaul their existing decisioning systems.