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Arvest Bank Upgrades to FICO® Auto Score 10 to Enhance Auto Lending Precision

  • Arvest Bank has upgraded to FICO® Auto Score 10 to enhance borrower risk assessment & auto lending underwriting capabilities.
  • Early portfolio analysis indicates the new score provides sharper risk segmentation, particularly improving differentiation among thin-file borrowers.
  • The transition allows for greater precision in identifying risk, helping lending teams make more confident approval & pricing decisions.
  • FICO provided implementation guidance, compliance resources, & technical support to ensure a seamless integration into Arvest's existing processes.
  • FICO® Auto Score 10 outperforms prior versions in predicting defaults for prime thin/new-to-credit & subprime segments while maintaining the 250–900 score range.
  • The upgrade reflects Arvest Bank's proactive strategy to modernize credit risk decisioning in a rapidly evolving auto lending market.
  • Arvest Bank operates with over $28 billion in assets & maintains more than 200 locations across Arkansas, Oklahoma, Kansas, & Missouri.