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FICO Platform Helps Lloyds Banking Group Say Yes to More Customers

1. Lloyds Banking Group achieved a 2.5% credit card approval uplift with FICO's platform. 2. FICO's technology supports over £7B in annual lending for Lloyds Banking Group.

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FAQ

Why Bullish?

The uplift in approval rates indicates high demand for FICO's services, similar to past performance boosts when major clients report successful deployments.

How important is it?

The partnership with Lloyds and the reported performance improvements are likely to attract investors by showcasing FICO's value.

Why Short Term?

Immediate effects from positive client news like Lloyds can drive FICO's stock price in the months following the announcement.

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LONDON--(BUSINESS WIRE)--FICO (NYSE: FICO): Highlights: More than £7B in annual lending at Lloyds Banking Group is powered by FICO® Platform Data ingestion of real-time bureau data drove a 2.5% credit card approval uplift and doubled new-to-bank consumer loan approvals 50+ system limitations and pain points resolved, with more to follow LBG wins 2025 FICO® Decision Award for Cloud Deployment As part of an ambitious programme to move its lending infrastructure to the cloud, Lloyds Banking Group.

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