Scorex's Applicant Scoring Model and Performance Insight Implemented by Arizona Federal Credit Union

Two Solutions Provide New Applicant Evaluation and Scorecard Maintenance

ATLANTA, Aug. 7, 2003 -- Scorex(R), a global decisioning solutions company, announced today that Arizona Federal Credit Union has selected their Applicant Scoring Model and Performance Insight monitoring service, to manage their new applicant scoring process and scorecard maintenance functions.

Scorex, a division of Experian, has developed an Applicant Scoring Model that demystifies the evaluation of new applicants by predicting future credit behavior. It uses an empirically derived formula to assign points to targeted applicant characteristics. The score, which is sum of the points, forecasts the risk of a potential customer. This score is based on statistical analysis of a large sample of an organization's past credit applicants. Utilizing Scorex's vast credit resources and superlative statistical expertise, analysis identifies the credit characteristics that are most predictive in differentiating between creditworthy and non-creditworthy applicants.

Scorecard monitoring has never been as critical as it is in today's volatile economy, with a record numbers of consumers opening accounts and carrying high balances. Performance Insight is a monitoring and updating service that provides a regular assessment of the effectiveness of a company's scoring system, or scorecard, and recommendations for improved performance. It provides alerts of population shifts, indicates where better override management would increase revenue and ensures that an organization is meeting the federal Fair Credit Reporting Act's required validations. Additionally, Scorex's consultants can assess cutoffs, policy rules and optimize automated decisioning for added profitability.

Arizona Federal Credit Union implemented Scorex's Applicant Scoring Model along with Performance Insight to better manage their new applicant scoring process and scorecard maintenance functions. "We expect that Scorex's Applicant Scoring Model will significantly cut manual review and free loan officers to reserve judgmental decisioning for only those accounts that require scrutiny," reported Amy Hysell, vice president loan services, Arizona Federal Credit Union. "It will also allow us to get new employees up to speed quickly."

"Scorex's Applicant Scoring Model increases profitability by allowing organizations to automate the identification of high-risk applicants, who would have been approved using judgmental decisioning, as well as low-risk, creditworthy applicants who previously would have declined," explained Martin O'Connor, vice president new solutions, Scorex Decision Solutions group.

About Arizona Federal Credit Union

Arizona Federal is a locally-owned, locally-controlled and locally- operated federally-chartered credit union managing $1 billion in member assets and serving over 161,000 member accounts.

About Scorex

Scorex provides solutions that enrich customer data and allow organizations around the world to proactively manage their relationships with their customers. As one of the world's foremost decision solutions companies, Scorex delivers more than five billion decisions annually and enables connectivity to over 50 credit reference databases world-wide. Scorex' solutions seamlessly integrate data with scoring, software, analytics, and consultancy, making it uniquely qualified to offer innovative business intelligence solutions that allow organizations to manage risk and increase profitability in areas such as customer acquisition and customer management. Scorex, with offices in 22 countries, works closely with businesses across diverse industries in more than 50 countries, including financial services, telecommunications, insurance, retail, automotive and utilities. Its global headquarters are in Monaco and Nottingham, UK, and its U.S. headquarters are in Atlanta, Georgia. For more information, visit the company's Website on .

Scorex is an Experian(R) company. For more information, visit the company's web site on .

For further information please contact: Addrian Brooks, Public Relations - Scorex, +1-714-830-5578,

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