VantageScore Awarded Multiple Patents for Machine Learning Innovations in Credit Scoring [Video]

New U.S. Patents Significantly Expand VantageScore’s Leadership in Inclusive and Innovative Machine Learning for Credit Scoring

SAN FRANCISCO, April 23, 2024 /PRNewswire/ — VantageScore, a leading national credit-scoring and data insights company, announced today that it has been awarded two new U.S. Patents for its groundbreaking work using machine learning to broaden the number of people who can be scored while simultaneously increasing the predictive power of credit-scoring models. As a result of these patents, more consumers will gain access to affordable credit products, while more banks and lenders will be able to expand their customer base by using more innovative and predictive credit-scoring models. VantageScore is used by 8 out of the top 10 banks in the U.S. as well as more than 3,400 lenders, fintechs, consumer websites and government entities. In 2023, more than 27 billion VantageScore credit scores were used, an increase of 42% compared to the previous year.