STAMFORD, Conn.--(BUSINESS WIRE)--VantageScore® Solutions, LLC, the company behind the VantageScore credit scoring models, announced today that strategy executive Benjamin Tagoe, has joined the company as Senior Vice President of Strategic Planning and Alliances.
Mr. Tagoe’s official start date was August 15, 2019. He reports directly to Barrett Burns, president & CEO of VantageScore Solutions.
In his new position, Mr. Tagoe will be responsible for refining and executing the ongoing strategic plan focusing on the growth and traction of the VantageScore model among consumer lending institutions and incubating new growth initiatives. Mr. Tagoe also will partner with VantageScore’s industry and advocacy partners to further develop the company’s strategic relationships.
“Usage of VantageScore has been growing at a triple digit rate and the market continues to demand more predictive and inclusive models,” said Barrett Burns, president & CEO of VantageScore Solutions. “We are very pleased that Ben has joined the team, and with his strategic insights we will be well positioned for new trends in consumer credit and the credit scoring industry.”
Mr. Tagoe most recently served as vice president for Consumer and Community Banking Strategy for JP Morgan Chase. In this role, Mr. Tagoe led teams responsible for numerous strategic initiatives, including partnerships, sales and corporate strategy.
Prior to that, Mr. Tagoe served as senior product manager at OnDeck Capital (NYSE: ONDK), a leading online small business lender, where he led product strategy for OnDeck’s line of credit. He also served as chief of staff, reporting to the CEO.
Mr. Tagoe began his career in the Securities Division of Goldman, Sachs & Co.
Mr. Tagoe holds a Masters of Business Administration with high distinction from Harvard Business School, where he was a Baker Scholar, awarded to the top 5 percent of the graduating class. He received a Bachelor of Arts from Princeton University’s Woodrow Wilson School of Public and International Affairs. Mr. Tagoe co-chairs the Associates Council of Let’s Get Ready, an organization that provides free SAT prep, admission counseling, and post-enrollment mentoring to students from low-income backgrounds and first-generation-to-college students.
About VantageScore Solutions
Credit scores can impact many aspects of your life, everything from whether you are able to get a loan and how much interest you will have to pay to whether you are able to rent an apartment. At VantageScore, we understand the impact of credit scores and we take that responsibility seriously.
VantageScore Solutions, LLC (www.VantageScore.com) is the independently managed company that owns the intellectual property rights to the VantageScore credit scoring models and is the leader in scoring innovation. The VantageScore 4.0 model scores approximately 40 million consumers who typically are not scored by conventional models – without sacrificing predictiveness.
VantageScore credit scores are used by lenders, landlords, utility companies, telecom companies, and many others to determine creditworthiness. A recent study found that nearly 10.5 billion VantageScore credit scores were used by over 2,800 unique users from July 2017 to June 2018. By using the VantageScore model, these enterprises have access to many more consumers, and in turn, consumers have greater access to mainstream credit.
While there are many credit scoring models in the industry, the “win-win” for VantageScore is its innovative, highly predictive, patent-protected, tri-bureau scoring methodology that provides lenders and consumers with more consistent credit scores across all three national credit reporting companies.