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Europe's largest online and mobile consumer lender wins FICO Decisions Award for scale and speed of compliance program

LONDON — January 30, 2018

Highlights:

  • Fintech 4finance Group deployed FICO cloud solutions for anti-money laundering and know-your-customer compliance across 10 countries in nine months
  • The compliance solutions are supported by less than one FTE per country, and have not impacted 4finance’s promise to issue loans in 15 minutes
  • 4finance Group has won a 2017 FICO Decisions Award for Regulatory Compliance
  • 4finance Group is Europe’s largest online and mobile consumer lender

4finance Group, Europe’s largest online and mobile consumer lender, has deployed FICO® TONBELLER® Siron® solutions for anti-money laundering (AML) and know your customer (KYC) compliance across 10 countries and 20 back-office systems in just nine months. The cloud-based FICO solutions are delivering audit-verified compliance with global and regional regulations while maintaining 4finance’s promise to issue customers a loan in 15 minutes. For these achievements, 4finance Group has won a 2017 FICO Decisions Award for Regulatory Compliance.

More information: http://www.fico.com/en/risk-compliance/tonbeller

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Philippines' top mobile operator has reduced cost to collect by 15 percent

Globe Telecom (Globe), one of the major telecommunications services providers in the Philippines, has reduced account delinquencies by 40 percent year-on-year, since its deployment of FICO® Customer Communication Services (CCS) in 2016. By automating a portion of its collections efforts, the company has also managed to reduce the cost to collect by 15 percent and the time it takes to collect by three days.

For its achievements, Globe won the 2017 FICO Decisions Award for Debt Management. The introduction of the CCS solution was seen as essential to cope with Globe Telecom’s rapidly growing business. With more than 59 million mobile customers, and more than 1.2 million broadband customers, Globe had to scale its collections efforts quickly while considering cost and improving customer care. 

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Revenues of $235 million vs. $220 million in prior year

SAN JOSE, Calif. – January 25, 2018 -

FICO (NYSE:FICO), a leading predictive analytics and decision management software company, today announced results for its first fiscal quarter ended December 31, 2017.

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