“As a fintech, we need to be fast and responsive to customer demands, while maintaining strong risk management,” said Morten Larsen, head of Business Development at Basisbank, which is based in Copenhagen. “We need to give our risk analysts the maximum flexibility to make changes quickly, not wait in a queue for IT to make changes. In our review of the market, FICO provided the most powerful and flexible solution, and also has the greatest expertise in financial services.”

“Basisbank is seen as a leader in the Danish fintech market,” said Steve Hadaway, general manager for FICO in Europe, the Middle East and Africa. “For tech-savvy players like this, the old generation of lending platforms is too slow and inflexible. The cutting-edge power of FICO Blaze Advisor is perfect to help them grow in a profitable and sustainable fashion.”

FICO Blaze Advisor decision rules management system gives businesses maximum control over high-volume operational decisions. Blaze Advisor provides companies with a scalable solution that delivers unprecedented agility and actionability for smarter business decisions. FICO Blaze Advisor is part of the groundbreaking FICO Decision Management Suite for building and deploying decision management applications.

The post Basisbank will manage risk and accelerate digital transformation with FICO technology appeared first on International Finance.

October 12, 2016: TBC Bank, a leading universal Georgian bank, has substantially reduced the time needed to make decisions on credit applications, using software from analytic software firm FICO. TBC Bank, which recently installed FICO® Origination Manager 4.5, announced that it has cut credit decisions and disbursement down from a day to 15 minutes.

“In today’s digital world, it’s very important to be agile and to reflect the changes in the market,” said Giorgi Alibegashvili, strategic project manager in TBC Bank. “FICO Origination Manager is giving us a competitive advantage, because we can develop and deploy new functionality very quickly. From changing workflows to plugging in new channels to deploying new strategies, we are moving much faster, which is definitely increasing customer satisfaction in our branches.”

TBC Bank, which serves over 1.7 million customers, wanted the most advanced technological partners to upgrade their IT infrastructure, but that’s not all. “During our selection process, the most important criteria for us were experience and trust,” Alibegashvili reported. “FICO is a highly trustworthy company and, along with their platform, they bring tremendous experience as a credit scoring pioneer.”

TBC Bank has been awarded ‘Best Bank in Georgia’ for 12 of the last 14 years (24 awards in total) from various prestigious international publications such as Global Finance, Euromoney, Banker and EMEA Finance.

“TBC Bank is using advanced technology to pursue its goal of being the biggest bank in Georgia,” said Steve Hadaway, FICO’s general manager for Europe, the Middle East and Africa. “We are working closely with them to bring global best practices in banking to their operation, and help them provide superior customer service.”

FICO® Originations Manager delivers the power to make more precise, value-based decisions at the origination stage, enabling credit grantors to grow more profitable portfolios while managing customer-level risk. Built on a platform using service-oriented architecture principles, it minimises IT dependence and ongoing maintenance requirements.

The post Georgia’s TBC Bank slashes loan decision time appeared first on International Finance.