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30. Juli 2015

Fair Isaac Advisors Offers Expanded Benchmarks to US and Canadian Financial Institutions

30. Juli 2015

Upgraded Profit & Loss Insight Service uncovers opportunities for growth, detects risks, and facilitates sound strategic planning in card product portfolios of all sizes

SAN JOSE, Calif. – July 30, 2015 - FICO (NYSE:FICO), the analytics and decision management software company, today announced the expansion of its profit and loss (P&L) benchmarking service offered by Fair Isaac® Advisors. The upgraded Fair Isaac® Advisors P&L Insight Service is designed to help financial institutions of all sizes discover new ways to increase card product portfolio profitability and decrease losses.

Highlights
The expanded service delivers new functionality especially tailored to financial institutions in the US and Canada. The addition of strategic and risk benchmarks enables financial institutions to:

  • Compare their portfolio risk performance to like-sized institutions
  • Detect challenges and uncover growth opportunities across their card product portfolio including in marketing, collections and risk management
  • Facilitate sound strategic planning

"In a highly dynamic regulatory environment, financial institutions need to be able to act with agility and accurately forecast results in order to manage risk profitably," said Robert Duque-Ribeiro, vice president and general manager of Fair Isaac Advisors. "At the same time, they need to create detailed strategic plans that clearly spell out the expected impact on the bank's financial targets. With our expanded P&L Insight Service, we are delivering benchmarks that give financial institutions tactical and strategic recommendations for capitalizing on opportunities and mitigating risks revealed in the analysis, creating a clear roadmap of actions for improved profitability and decreased risk."

Leveraging advanced analytics, applied to the benchmark data - covering more than 50 percent of the US and Canadian market - the expanded service provides financial institutions with historic and projected industry performance for many benchmarked indicators. Financial institutions can:

  • Monitor the industry and act quickly to close performance gaps
  • Validate initiative results
  • Respond to internal and external regulatory compliance concerns
  • Inform executive management of underlying conditions
  • Collaborate with partners to develop next generation decisioning

Fair Isaac Advisors' mission is to bring analytic innovation and business expertise to refine businesses' decision-making process. Advisors design and devise visionary approaches to business challenges, relying on years of experience working with clients around the world. They leverage new data science and proven analytics techniques, along with FICO's market-leading decision management applications, to drive success and improve performance.

Über FICO
FICO (NYSE: FICO) ist ein führender Anbieter von Predictive Analytics und Softwarelösungen für Entscheidungsmanagement, das Unternehmen in über 90 Ländern dabei unterstützt, bessere Entscheidungen zu treffen, um Wachstum, Profitabilität und Kundenzufriedenheit zu steigern. Der zukunftsweisende Einsatz von Big Data und mathematischen Algorithmen zur Erstellung von Prognosen zum Kundenverhalten hat ganze Branchen grundlegend gewandelt. Die Analytics-Softwarelösungen und -Tools von FICO werden in den verschiedensten Branchen verwendet, um Risiken und Betrugsfälle zu verringern, profitablere Kundenbeziehungen aufzubauen, Abläufe zu optimieren und strenge regulatorische Vorgaben zu erfüllen. Many of our products reach industry-wide adoption. These include the FICO® Score, the standard measure of consumer credit risk in the United States. FICO-Lösungen integrieren Open-Source-Standards und Cloud Computing, um so maximale Flexibilität und schnelle Bereitstellung zu ermöglichen und Kosten zu reduzieren. Das Unternehmen hilft Millionen von Menschen dabei, ihren persönlichen Kreditstatus zu verwalten. FICO: Make every decision count™. Learn more at www.fico.com.

For FICO news and media resources, visit www.fico.com/news.

FICO, Fair Isaac and "Make every decision count" are trademarks or registered trademarks of Fair Isaac Corporation in the United States and in other countries.

Newsroom-Kontakte

Greg Jawski
Amerika

greg.jawski@porternovelli.com
+1 212-601-8248

Darcy Sullivan
Europa, Naher Osten und Afrika

dsullivan@fico.com
+44 (0) 209-940-8719

Saxon Shirley
Asien-Pazifik

saxonshirley@fico.com
+65 6422-7795

Marisa Arribas
Lateinamerika

marisaarribas@fico.com
+1 786 482 7231

Milla Delfino
América Latina

milladelfino@fico.com
+55 11 97673-6583