FICO, the publicly traded data analytics company known for its aggregate credit score service, has launched a new buy-now-pay-later (BNPL) option to provide inexperienced credit users with better access to financial and banking services.
Formally known as the Fair Isaac Corporation, FICO announced on June 23 that it had developed two new scoring services to reflect the rising importance of BNPL loans in the U.S. credit-reporting system, which includes the Big Three credit reporting agencies: Experian, Equifax, and TransUnion.
