Turkish lender Yapi Kredi has forged a partnership with analytics software firm FICO for asset governance and regulatory compliance.
The move is in line with Yapi Kredi’s ‘System of Intelligence’ vision. The bank aims to bolster its artificial intelligence (AI) or machine learning lifecycle management by adopting smarter analytics and data pipelines.
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The company has selected the ‘FICO Decision Central’ for enterprise-wide management of analytics models and decision logic.
This software allows businesses to acquire models and other decision assets for further reuse, modification, and improvement.
It facilitates decision governance, minimises risk, and promotes collaboration across the organisation.
The platform can be used to manage the entire model lifecycle, from proposal to development, deployment, maintenance, evolution, and retirement.
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By GlobalDataThrough granular reporting and adequate controls, it helps meet the most demanding regulatory compliance requirements.
It enables businesses to easily adjust to new regulations, ratings policies, capital requirements, and financial and accounting reporting standards.
FICO Turkey operations manager Emre Unlusoy said: “Yapi Kredi understands the value of monitoring and managing every component that goes into making a decision.
“This investment will contribute not only to the quality of the bank’s decisions, but also to its ability to demonstrate regulatory compliance of every decision and every model.”
Yapi Kredi chief data officer Hakan Yilmaz said: “We position FICO Decision Central as the management layer of our System of Intelligence initiative, which aims to improve the accuracy of each and every decision we take across the bank.
“With Decision Central, we will not only have full control and visibility over our complete set of analytical assets, but we can also make full and efficient use of our assets through a best-of-breed governance practice over the entire model development lifecycle.”
