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Leading Danish online lender will gain flexibility and control over risk exposure

STOCKHOLM — March 21, 2018

Highlights:

  • Basisbank, an online lender in Denmark, will control credit risk and accelerate its digital transformation using FICO® Blaze Advisor® decision rules management system
  • Basisbank risk analysts will be able to quickly make changes to credit strategies for unsecured consumer loans and point-of-sale financing
  • FICO Blaze Advisor is part of the groundbreaking FICO® Decision Management Suite for building and deploying decision management applications

Basisbank, an online lender in Scandinavia, will control credit risk and accelerate its digital transformation using FICO decision management technology, analytic software provider FICO announced today. With FICO® Blaze Advisor® decision rules management system, Basisbank risk analysts will be able to quickly make changes to credit strategies for unsecured consumer loans and point-of-sale financing in order to increase profitability and reduce the risk of loans going unpaid. Basisbank receives more than 75 percent of its credit applications from mobile devices.

More information: http://www.fico.com/en/products/fico-blaze-advisor-decision-rules-management-system

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  • Kuiki is using FICO credit risk models to improve risk assessment while making instant credit decisions
  • Kuiki is a fintech operating in Costa Rica and Nicaragua that offers lines of credit through mobile devices to customers, and has a wide range of affiliate retailers, travel firms, health providers and more
  • FICO is the world’s leading provider of credit risk management analytics

MIAMI, FL — March 19, 2018 — Analytic software firm FICO today announced that Kuiki, a fintech company that offers consumers in Costa Rica and Nicaragua lines of credit through mobile devices, is using FICO credit risk models to provide immediate, accurate and safe risk analysis of its clients, ensuring an improved process for credit decisions.

More information: http://www.fico.com/en/latest-thinking/product-sheet/consumer-application-risk-models-arm-30

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FICO offers safety tips for cardholders

SAN JOSE, Calif. — March 7, 2018

  • 10 percent more debit cards were compromised at U.S. ATMs and merchant card readers in 2017, according to new FICO data
  • Compromises of ATMs and merchant devices in the US rose 8 percent
  • Cardholders should employ common sense when using ATMs, and check their transactions frequently
  • FICO® Card Alert Service monitors hundreds of thousands of ATMs in the US

There was a 10 percent increase in the number of payment cards compromised at U.S. ATMs and merchants in 2017, Silicon Valley analytic software firm FICO reported today. The number of compromised card readers at U.S. ATMs, restaurants and merchants rose 8 percent in 2017.

More information: http://www.fico.com/en/products/fico-card-alert-service

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