FICO has partnered with IT consultancy firm Net.Bit to elevate operational efficiency, bolster security measures, and ensure regulatory compliance for financial institutions in Europe, the Middle East and Africa.

Net.Bit will sell and implement FICO’s decision management solutions, particularly its powerful FICO Blaze Advisor decision rules management system, which is in use at hundreds of firms worldwide.

Net.Bit and FICO have already made FICO Blaze Advisor as a SaaS offering, hosted in Net.Bit’s data centres

Leveraging their two decades of experience in IT engineering and consulting, Net.Bit will ensure seamless integration of FICO solutions and tailor them to each organisation’s needs.

Net.Bit will also offer a compliance solution that integrates FICO Blaze Advisor with one of the leading platforms to detect financial crime and suspicious activities. FICO Blaze Advisor will generate fraud alerts based on suspicious payment transactions, and the alerts will be managed in the platform’s case management tool, providing an integrated fraud and financial crime solution.

Georgi Milev, CEO of Net.Bit, said: “This partnership represents a significant stride forward for firms looking to improve their efficiency and compliance. FICO’s solutions offer cutting-edge analytics, decision management, and optimisation capabilities. Making these solutions available through Net.Bit’s proven multi-vendor SaaS gives businesses a fast track to ROI.”

Alexandre Graff, SVP of Global Partners & Alliances at FICO, commented: “We have conducted several proof-of-concept projects for businesses, which have demonstrated the tremendous value that FICO Blaze Advisor offers as a SaaS solution through Net.Bit. Through this partnership, businesses can accelerate their innovation, optimise decisions, manage risk more effectively and ensure regulatory compliance.”

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FICO Blaze Advisor is a powerful decision management platform that enables organisations to automate and optimise complex business decisions using rules and predictive analytics. The solution caters to the specialised needs of the banking and financial sector, offering advanced analytics and decision management.