Dutch banking group ING Bank has chosen FICO’s decision management software and predictive models to launch its unsecured lending programme in the Czech Republic.
As a part of the initiative, the bank will use a retail-banking platform with FICO Blaze Advisor decision rules management system.
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At the same time, ING will also utilise the software provider’s credit risk models.
The bank will collaborate with Fair Isaac Advisors, the consultancy unit of FICO, to sketch out its credit risk strategies.
ING Czech retail credit risk manager Martin Halasz said: “When we decided to offer unsecured loans, we wanted to partner with a firm that could not only supply the technology but help us carve out a competitive strategy that kept risk in check. FICO brings us 60+ years of experience in this area, as well as the most modern and flexible technology for automating and executing our credit risk strategy.”
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