(1) MILAN, March 10, 2021 /PRNewswire/ -- Fido today announced that it has filed a nonprovisional patent application with the United States Patent and Trademark Office (USPTO) for providing a new credit score system and method with digital footprints. The financial industry is undergoing rapid technological change. The most transformative information innovation is the increase in use of new types of data coming from the digital footprint of customers' various online activities, mainly for credit-worthiness analysis. Credit scoring using so-called hard information (income, employment time, assets and debts) is nothing new. Typically, the more data is available, the more accurate is the assessment. But conventional credit scoring methods have two problems. First, hard information tends to be "procyclical": it boosts credit expansion in good times but exacerbates contraction during downturns.