StockNews.AI
FICO
Investopedia
57 days

New FICO Credit Scores Incorporate Buy Now, Pay Later Transactions

1. FICO launched credit scores incorporating buy now, pay later data. 2. This move allows for improved borrower repayment history assessment. 3. FICO collaborated with Affirm to study BNPL's impact on credit scores. 4. The BNPL sector lacks consistent reporting practices for credit activity. 5. FICO shares rose 3.8%, though down nearly 6% this year.

4m saved
Insight
Article

FAQ

Why Bullish?

The incorporation of BNPL data enhances FICO's relevance in credit scoring, potentially increasing demand for its services, similar to their prior innovations that boosted stock value.

How important is it?

The integration of BNPL data is a significant innovation for FICO, likely enhancing its competitive edge and market relevance.

Why Short Term?

The immediate market reaction suggests investor optimism about FICO's improved credit scoring, but long-term effects depend on BNPL adoption rates.

Related Companies

Related News