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February 24, 2011

DataCrédito will use FICO Blaze Advisor to Allow Clients to Develop, Validate and Implement Credit Policies Faster

February 24, 2011
SÃO PAULO—, 2011—FICO (NYSE:FICO), the leading provider of analytics and decision management technology, today announced that DataCrédito, the Colombian leader in credit information, has acquired the FICO™ Blaze Advisor® rules management system to provide more flexibility to its origination services system, Decisor. This new development will allow Colombian corporations to manage risk more efficiently and improve their productivity without increasing costs.
Using FICO™ Blaze Advisor® as part of the DataCrédito Decisor system, Colombian organizations will be able to develop, validate and implement business rules and/or credit policies without having to invest the time and resources needed for an internal development. The solution includes simulators to help adjust new strategies easily, quickly and cost-effectively. DataCrédito clients will now be able to implement new rules and policies in just a few hours, giving them the competitive advantage required in a dynamic and competitive market. The new system will be available in March.

“We chose FICO because of its experience in the development and implementation of decision management tools, and the quality of its solutions,” explained Mauricio Angulo, vice president of DataCrédito. “FICO’s leadership in decision management and our leadership in credit ratings and risk analysis in the Colombian market will improve our clients’ capacity to manage risk, which will help optimize their investments in marketing initiatives to acquire new clients and build profitable relationships.”

“FICO technology is ideal for DataCrédito’s needs,” said Andreas Suma, FICO senior director for Latin America. “The development of a credit origination service running on the FICO Blaze Advisor platform will help reduce the time required for credit analysis and enable customized strategies at the client level. DataCrédito will be able to offer origination services in addition to its broad capacity to provide data. Colombian clients will have the opportunity to rapidly update and optimize sophisticated origination strategies and analysis in a hosted environment.”

FICO™ Blaze Advisor® is the world´s leading business rules management system (BRMS), providing incomparable speed of delivery and agility in the management of high-volume, automated decisions. FICO Blaze Advisor offers easy-to-use facilities to design, optimize, execute and maintain business rules and policies as part of an automated decision application.

About FICO
FICO (NYSE:FICO) transforms business by making every decision count. FICO’s Decision Management solutions combine trusted advice, world-class analytics and innovative applications to give organizations the power to automate, improve and connect decisions across their business. Clients in 80 countries work with FICO to increase customer loyalty and profitability, cut fraud losses, manage credit risk, meet regulatory and competitive demands, and rapidly build market share. FICO also helps millions of individuals manage their credit health through the website.

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