Analytics and decision management
technology vendor, FICO, has released FICO Origination Manger, an
analytic solution that supports the credit origination process from
application through to the final decision.
According to FICO, the new service is its
most powerful solution yet for assessing customer risk and
potential value at the origination stage.
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FICO said that
Origination Manager includes decision optimisation tools to more
precisely match offers to applicants in terms of products, line
amounts and pricing.
It also integrates with
a variety of proprietary and third-party data and models, including
new FICO solutions that provide measures of consumer credit
capacity and the impact of economic changes on consumer credit
risk.
Mike Gordon, vice
president and head of FICO’s banking practice said in a statement:
“Our clients need to manage risk, but in this environment they’re
also striving to find elusive pockets of profitability they may be
missing.
“FICO Origination
Manager helps ensure that customers who have responded to an offer
are appropriately reviewed for both risk and fraud, and then
matched with the terms that best ensure the highest long-term
profitability for the institution.”
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