Santander Wins FICO Award

By Staff Writer May 11, 2025

At the FICO World conference, global analytics software provider, FICO announced that the Santander US Auto business, one of the largest auto lenders in the U.S., has won a 2025 FICO® Decisions Award for its use of machine learning. The business has transformed its credit risk assessment processes using FICO® Platform and its applied analytics and machine learning capabilities. Santander, which manages a $60 billion asset portfolio and serves over three million customers, is using FICO Platform to streamline model development, improve governance, and enhance predictive analytics in response to evolving market conditions.

“The FICO team has been instrumental in enabling the Auto business to use a unified platform to be more efficient and accelerate our timelines. FICO helped our modeling team reduce the number of tasks, allowing for our data team to focus on interpreting the analytics,” said Bruce Jackson, head of the Santander US Auto Business and CEO of Santander Consumer.

Santander is using FICO Platform to empower consumer credit risk in three primary functions: approving or declining credit applicants, assigned adverse action, and assessing the probability of default for use in pricing models. This allows the business to assess more applications for auto loans. The platform allows Santander to deploy machine learning and advanced analytics to drive business decisions and get new predictive models and strategies into production to keep pace with changing customer and market dynamics.

 

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Last modified on Tuesday, 13 May 2025 12:33