Global analytics software leader Fico presented Octane with a 2025 Fico Decision Award for Customer Onboarding and Management.
Since 2016, Octane has partnered with Fico to support its risk management and responsibly expand credit access. Octane is an RV lender, among other industries.
Octane has transformed the financing experience for recreational markets with its digital tools, credit products and technology-powered end-to-end financing experience. Octane uses the Fico Auto Score 10 and its own Octane Score to assess the recreational lending risk more accurately. By focusing on predictive analytics, Octane has expanded credit access while maintaining high risk management standards.
Mark Molnar, Chief Risk Officer at Octane, said, “By building strong risk programs, we ensure that our business remains profitable and we continue to support our partners. Fico Auto Score 10 underpins our risk management capabilities and positions us for long-term growth.”
In 2024, Octane increased originations by 36% year-over-year. Octane’s award-winning prequalification tool, Prequal Flex, enables its 1,200 customers to embed a unique-to-them financing link or QR code into their online and in-person marketing. Prequal Flex features a soft credit pull that does not impact a buyer’s credit score until a contact is generated.
In 2024, Octane introduced Dealer Portal 2.0, the most advanced version of its industry-leading dealer financing platform, which offers smarter, faster credit decisions, reducing the time it takes for dealers to close deals.
Julie May vice president and general manager of scores at Fico, said, “Octane has proven to be an innovative leader in the fintech and powersports industry. The company has achieved remarkable success by leveraging Fico Auto Score 10 and building a seamless, end-to-end customer experience designed to empower its customers and partners alike.”
