Today’s marketplace demands that data analytics and innovation be just as important as transparency and model governance. That’s why VantageScore continues its long-standing policy of sharing annual model performance information publicly with stakeholders.
Our model performance analyses examined a number of dimensions including predictive power, consistency of results and score variations — and very importantly, any statistical biases towards ethnic groups.
“Inflation, increasing cost of borrowing, ending borrower accommodations and economic headwinds are top of mind for risk managers today. We consider it a best practice to provide our model users with transparency and data that shows VantageScore credit scores continue to accurately reflect consumers’ credit risk,” said Silvio Tavares, President and CEO of VantageScore.
A summary of the results is available in the VantageScore press room and to download the full analysis click here. You can also view the results of performance analyses from prior years as well.