Leading Danish online lender will gain flexibility and
control over risk exposure
STOCKHOLM, March 21, 2018 /PRNewswire/ --
Highlights:
- Basisbank, an online lender in Denmark, will control credit risk and
accelerate its digital transformation using FICO® Blaze
Advisor® decision rules management system
- Basisbank risk analysts will be able to quickly make changes
to credit strategies for unsecured consumer loans and
point-of-sale financing
- FICO Blaze Advisor is part of the groundbreaking
FICO® Decision Management Suite for building and
deploying decision management applications
Basisbank, an online lender in Scandinavia, will control
credit risk and accelerate its digital transformation using FICO
decision management technology, analytic software provider FICO
announced today. With FICO® Blaze Advisor®
decision rules management system, Basisbank risk analysts will be
able to quickly make changes to credit strategies for unsecured
consumer loans and point-of-sale financing in order to increase
profitability and reduce the risk of loans going unpaid. Basisbank
receives more than 75 percent of its credit applications from
mobile devices.
More information:
http://www.fico.com/en/products/fico-blaze-advisor-decision-rules-management-system
"As a fintech, we need to be fast and responsive to customer
demands, while maintaining strong risk management," said
Morten Larsen, head of Business
Development at Basisbank, which is based in Copenhagen. "We need to give our risk analysts
the maximum flexibility to make changes quickly, not wait in a
queue for IT to make changes. In our review of the market, FICO
provided the most powerful and flexible solution, and also has the
greatest expertise in financial services."
"Basisbank is seen as a leader in the Danish fintech market,"
said Steve Hadaway, general
manager for FICO in Europe, the
Middle East and Africa. "For tech-savvy players like this,
the old generation of lending platforms are too slow and
inflexible. The cutting-edge power of FICO Blaze Advisor is perfect
to help them grow in a profitable and sustainable
fashion."
FICO® Blaze Advisor® decision rules
management system gives businesses maximum control over
high-volume operational decisions. Blaze Advisor provides companies
with a scalable solution that delivers unprecedented agility and
actionability for smarter business decisions. FICO Blaze Advisor is
part of the groundbreaking FICO® Decision Management
Suite for building and deploying decision management
applications.
About Basisbank
Basisbank is a Danish privately owned Internet bank founded in
2000. The Bank offers simple banking and consumer finance products
to private individuals direct to market and at point of sale at
selected retail partners and automotive dealers. The Bank serves
more than 90K customers and 700+
retail shops and automotive dealers. https://www.basisbank.dk/
About FICO
FICO (NYSE: FICO) powers decisions that help people and
businesses around the world prosper. Founded in 1956 and based in
Silicon Valley, the company is a pioneer in the use of predictive
analytics and data science to improve operational decisions. FICO
holds more than 185 US and foreign patents on technologies that
increase profitability, customer satisfaction and growth for
businesses in financial services, manufacturing,
telecommunications, health care, retail and many other industries.
Using FICO solutions, businesses in more than 100 countries do
everything from protecting 2.6 billion payment cards from fraud, to
helping people get credit, to ensuring that millions of airplanes
and rental cars are in the right place at the right time.
Learn more at www.fico.com.
Join the conversation at https://twitter.com/fico &
http://www.fico.com/en/blogs/
FICO and Blaze Advisor are registered trademarks of Fair Isaac
Corporation in the US and other countries.
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