FICO announced the latest release of its FICO Score, the FICO Score 10 Suite, will be available this summer. Built with FICO's deep expertise, the new FICO Score 10 Suite gives lenders unparalleled flexibility and predictive power to make more precise lending decisions. The new FICO Score 10 T incorporates trended credit bureau data to further enhance predictive power. Leveraging the most comprehensive data available, FICO Score 10 and FICO Score 10 T outperform all previous FICO Scores. By adopting the FICO Score 10 Suite, a lender could reduce the number of defaults in their portfolio by as much as ten% among newly originated bankcards and nine% among newly originated auto loans, compared to using FICO Score 9. The reduction in defaults is even higher for newly originated mortgage loans, at 17% compared to the version of the FICO Score used in that industry. These improvements in predictive power can help lenders safely avoid unexpected credit risk and better control default rates, while making more competitive credit offers to more consumers.