Boubyan Bank Will Use FICO System to Manage Collections on Growing Credit Portfolios

LONDON — July 12, 2012 — FICO (NYSE:FICO), the leading provider of analytics and decision management technology, today announced that Boubyan Bank will use FICO^® Debt Manager™ solution to manage collections for its growing credit portfolios in the region. Based in Kuwait City, Boubyan Bank will use the FICO solution to prioritize overdue accounts and select the most appropriate treatments for each, across the bank’s credit card and personal loan portfolios.

As a leading Islamic lender, the bank will use FICO Debt Manager solution in accordance with Islamic Shari’ah principles. Earlier this year, the news site Arabian Business named Boubyan Bank the Best Islamic Bank in Kuwait for the third year in a row.

"We have the fastest growth rate of any Kuwait bank, and as we continue to expand this will put additional pressure on our collections team," said Abdulla Al Najran Al Tuwaijri, Boubyan's general manager for Consumer Banking. "Deploying FICO Debt Manager will help us deal with greater volumes of overdue accounts while minimizing the need for additional staff. This solution can scale with our business, and ensure we preserve customer relations even while seeking payment for overdue debt."

"Boubyan Bank has distinguished itself as a forward-thinking bank, with initiatives including the Boubyan Mobile Banking Service," said Robin Findlay, who oversees FICO's operations in the Middle East and Africa. "The bank clearly sees the link between collections, bank profitability and customer service, and FICO Debt Manager will enable them to pursue all three goals."

FICO^® Debt Manager™ solution helps lenders manage collections actions for all stages of the collections and recovery lifecycle. FICO Debt Manager solution is a scalable, powerful, and readily upgradeable system that continually adapts to a lender’s business needs and regulatory requirements.

Sobre FICO
FICO (NYSE:FICO), formerly known as Fair Isaac, delivers superior predictive analytics solutions that drive smarter decisions. The company's groundbreaking use of mathematics to predict consumer behavior has transformed entire industries and revolutionized the way risk is managed and products are marketed. FICO's innovative solutions include the industry-leading solutions for measuring credit risk, managing credit accounts, identifying and minimizing the impact of fraud, and customizing consumer offers with pinpoint accuracy. Most of the world's top banks, as well as leading insurers, retailers, pharmaceutical companies and government agencies, rely on FICO solutions to accelerate growth, control risk, boost profits and meet regulatory and competitive demands. FICO: Make every decision count™.

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