For Industries: 
Capital Markets, Banking
Overview

For Savings Bank Münden, compliance has always been more than simple adherence to laws and guidelines. Compliance is seen as a chance aiming at enhanced transparency and process efficiency to cope with the increasing regulation demand. A detailed risk analysis lays the foundations of successful compliance and is crucial to implementing the risk-based approach.

Hence, it was only logical that Savings Bank Münden introduced Siron®RAS for money-laundering prevention as early as 2009. The software module was to determine the bank‘s specific risk structure systematically and minimize or eliminate both weak spots and risk potentials. Two employees of FICO TONBELLER accompanied the introduction and implementation of the system for 5 days.

For Industries: 
Capital Markets, Banking
Overview

Germany’s savings banks are region-based banks offering a broad range of financial and investment services to private and business clients. Though they do business under a common trademark, each savings bank is unique. As a regional bank of supra-regional importance, Kreissparkasse Esslingen-Nürtingen serves the entire district, a diverse area with 514,000 inhabitants, 44 towns and communities, and some 28,000 businesses. With a balance-sheet total of 8.5 billion Euro (2009) and 107 branches covering this huge catchment area, Kreissparkasse Esslingen-Nürtingen counts among Germany‘s largest regional banks.

For Industries: 
Agencies
Overview

Client: Probate estate management specialists Phillips & Cohen Associates has offices in the United States, Canada, the United Kingdom and Australia, with plans for additional international expansion.

Challenge: Legacy software systems weren’t as intuitive, flexible and scalable as needed, making them unable to accommodate the firm’s rapid growth.

Solution: FICO® Debt Manager™ Solution

Results: Phillips & Cohen now uses an estate collections solution that adapts to interpret growing amounts of available probate information, is easy to use and facilitates compassionate interactions with clients and consumers.

For Industries: 
Technology
Overview

Challenge: In the age of big data, companies manage a mass of information coming in so fast that traditional analytic methods may be insufficient to gain actionable insights that can inform business decisions.

Solution: Hewlett Packard Enterprise (HPE) wanted to modernize its customers’ operational environment with tools to integrate analytic models into business processes in a way that is manageable, scalable and sustainable, so it added the FICO® Decision Management Suite into its world class analytics and data management portfolio.

Results: HPE helps its customers operationalize their analytics by moving the analytics from an ad-hoc discovery process to a key part of how business is done. HPE customers can now easily plug their big data into decision-making methods that positively impact their bottom line.

For Industries: 
Technology
Overview

Challenge: Most health plan claim adjudication software platforms use decision logic that is hard-coded into software. This makes it difficult for companies such as SEB to offer flexibility in plans and necessitates IT involvement to make any changes.

Solution: By incorporating FICO® Decision Management Suite into its proprietary adjudication platform, SEB allows business users, who are the industry and customer experts, to change rules in the platform directly, without requiring a new IT development cycle.

Results: SEB has created a flexible solution that can respond to the needs of the marketplace and individual customers, and it has opened up new possibilities for future service offerings.

For Industries: 
Manufacturing
Overview

From a compliance perspective, would you treat a Western medium-sized business partner in the same way as an independent sales agent from one of the emerging African or Asian markets? Probably not. MTU had to do just that but with a standardized, yet flexible, electronic workflow. Siron®KYC by FICO TONBELLER was capable of managing this balancing act.

Even before MTU introduced the FICO TONBELLER solution, the subsidiary of Rolls Royce Power Systems AG, had focused on compliance to meet international anticorruption regulations stipulated by the UK Bribery Act and the U.S. Foreign Corrupt Practices Act (FCPA). The impact of these laws goes beyond national boundaries affecting all companies that conduct business activities or have subsidiaries in one of these countries or are listed on a U.S. stock exchange. In order to identify risks posed by business partners and take appropriate measures, both laws demand risk based due-diligence procedures with variable depth and intensity. In addition to its own sales force, MTU relies on a network of partners. These partners act as intermediaries for MTU and are subject to an intensive risk assessment. Apart from integrity and compliance, the partners‘ sales and service quality, their financial performance, or contract terms and commission agreements play an important role. A due-diligence solution by FICO TONBELLER has been used to manage these business partners since 2014.

For Industries: 
Manufacturing
Overview

Chemical compliance activities for all products and sales are controlled from Germany. The department for Global Product Safety & Ecology in Cologne ensures compliance with international and national requirements and provides consulting for responsible persons world-wide. Apart from compliance with and monitoring of chemical statutory regulations, the specialists from Cologne are also responsible for handling and verifying compliance with the embargo regulations.

To check business contacts for person and organization embargos world-wide, DyStar uses Siron®KYC by FICO TONBELLER. Monitoring is based on two sanction lists, OFAC (Office of Foreign Assets Control) of the U.S. Department of the Treasury and EU (list of the European
Union). The lists contain persons and organizations that, according to decisions by U.S. or EU authorities, are either subject to monitoring or sanctioned. It is the aim of these lists to deny criminal and terrorist organizations and persons access to funds and supply of goods. Business with persons and organizations on these lists may result in civil and criminal prosecution.

For Industries: 
Utilities & Energy
Overview

Client: Thames Water Utilities Limited, the UK’s largest water and sewerage company

Challenge: Unable to reduce delinquency rates with a “one size fits all” collections approach

Solution: FICO® Debt Manager™ 9 and FICO® Customer Communication Services

Results: Reduced bad debt charge by nearly 14% in the first seven months using the FICO solution

Overview

Money laundering and the financing of international terrorism pose a major threat for banks and insurance companies. While money launderers and terrorists introduce more and more illegal funds into the legal circulation, national and international laws and directives, such as the Third Anti-Money Laundering Directive, USA Patriot Act, Bank Secrecy Act, FATF 40+9 Recommendations, are being developed further to counteract the changing typologies and employed methods.

Overview

African Bank is a South African commercial Bank with just over 4000 employees who operate out of a central office in Midrand, Johannesburg and 395 branches countrywide. African Bank’s vision is to positively impact peoples’ lives by offering innovative value-add products. Its brand purpose is humanity through banking expressed in the new pay-off line ‘We are You‘. The bank employees are proud of their unique culture, which has enabled them to resiliently endure a very difficult period. 

Residual Debt Services Limited (previously African Bank Limited) (“Residual Bank“) was placed under curatorship on 10 August 2014 in terms of the Banks Act, 1990, (“Banks Act“). Thomas Winterboer was appointed as the curator to manage the affairs of Residual Bank, subject to the supervision of the Registrar of Banks.

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