Dear Colleague:

Welcome to the next chapter of VantageScore! I am both thrilled and honored to have been appointed the company’s new President and CEO earlier this month. I have had the pleasure of meeting many of you since my appointment and also reconnecting with many old friends and colleagues from the industry that I’ve been a part of for more than 15 years. As a former executive with Visa and Fiserv/First Data, I have had the privilege of working with, and admiring, VantageScore for many years.

Aligning Business Objectives and Social Benefits

My first day in the role was actually October 1st, and since then I’ve been asked many times, “What attracted you to this new role?” My answer is always this: It is so unique when accomplishing an important business objective aligns with making our world a better place. And VantageScore represents just that!

Better Technology and Data Leads to Industry Improvements

VantageScore is the market leader in harnessing technology and data to develop models that help lenders make better decisions across all credit scoring ranges. This holds true for all consumers, but we have a critical opportunity to leverage our analytic expertise and machine learning to empower consumers to have greater access to mainstream financial services.

And it is my pledge that VantageScore will continue to lead and modernize the credit scoring industry for consumers broadly, and more specifically in communities that have historically not been effectively served by the credit industry.

Stakeholder Collaboration is Paramount

To be effective in this mission, we must have even greater scale, which means we need to collaborate. VantageScore is already used by over 2,200 of the roughly 5,000 financial institutions in the USA. As leaders in the lending, fin-tech, regulatory, advocacy and policy-making arenas, we need to align around the goal of using technology and innovation to foster greater inclusion and access to credit. I look forward to working with you on this important mission.

A press release about my appointment is included in this newsletter which has some information about my background as a fin-tech innovator and data analytics executive.

Together we will revolutionize credit to harness the power of innovation and deliver more opportunity for all consumers.

Regards,

Silvio

President and CEO, VantageScore Solutions