Fico, the leading provider of predictive analytics and decision management technology, and Savvis, a CenturyLink company (CTL) and global leader in cloud infrastructure and hosted IT solutions for enterprises, today announced that Fico has selected Savvis to deliver Fico Debt Manager as a service in the cloud to lenders and collection agencies.
FICO Debt Manager transforms collection and recovery processes for credit card accounts, secured and unsecured loans, mortgages and deposit/current accounts with game-changing adaptive control capabilities, and a flexible architecture that aligns with business needs. Built using a Service Oriented Architecture, FICO Debt Manager allows lenders of all sizes and portfolios to implement the solution with multiple configuration options and work in public, private and hybrid cloud environments.
Already a leading collections and recovery solution, FICO Debt Manager is now optimized for Savvis data center services and Savvis Symphony Dedicated Cloud, an enterprise-class cloud computing solution. This means that lenders are now able to deploy the solution faster, cut collection costs, improve productivity and collect more from delinquent customers.
"The portfolio mix has changed for lenders and collection agencies, including length accounts stay in collections, increase in "good" customers who are delinquent, and the massive increase in debt volume, requiring even faster response and proper treatment of each account," said Stuart Wells, chief technology officer at FICO. "Lenders and collection agencies need debt management solutions built with a modern architecture that can be deployed quickly in multiple environments including private, public and hybrid clouds. By working with Savvis, FICO is now offering our clients the flexibility and agility they need to improve collections and recovery results in this very challenging environment."
"The strategic agreement between Savvis and FICO delivers business value to both FICO and its customer base," said Bill Fathers, president of Savvis. "By pairing Savvis' enterprise-class cloud services with FICO's leading collection and recovery solution, FICO will have the secure, agile and scalable platform it needs to deliver fully integrated global solutions to lenders and collection agencies."