General-purpose credit scoring introduced by Fair, Isaac and Co. in 1987 virtually created a national market in credit cards. Previously, banks issued credit cards to their local customers, with whom they had an established relationship. Uniform credit scoring enabled a few large issuers to identify creditworthy customers in the general population, without a prior relationship.
- 1. Fundamentals
- from Disruptive Analytics: Charting Your Strategy for Next-Generation Business Analytics
- Publisher: Apress
- Released: August 2016