Saudi British Bank deploys Fair Isaac credit rating technology
Fair Isaac Corporation (NYSE:FIC), the leading provider of analytics and decision management technology, today announced that The Saudi British Bank (SABB), an associated company of HSBC Group, has implemented Global FICO score to enhance its decision making process throughout the customer credit lifecycle.
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Global FICO score applies Fair Isaac's industry-standard FICO credit risk scoring technology to rank-order consumers according to their credit risk. Designed to be consistently scaled across credit bureaus and across national borders, Global FICO score has established a global standard for consumer credit risk assessment. The Fair Isaac technology underlying the Global FICO scoring model enables rapid deployment in any country with credit bureau data.
"Credit bureau data is now readily available in Saudi Arabia," said Narayanan P. R., Senior Manager, Retail Risk of The Saudi British Bank. "To derive full value from that data in our daily operations, we need a robust credit bureau risk score. We are excited about using Fair Isaac’s Global FICO score to gain a more detailed view of our clients' credit profiles and make the most effective decisions.”
"The Saudi British Bank has brought to its operations the same advanced analytic technology that has long fuelled the U.S. credit industry," said Ron Totaro, general manager of Global Scoring Solutions for Fair Isaac. "As the best tool in its class, Global FICO score will help SABB to expand its portfolios while still controlling and monitoring its risk. And as the bank grows its markets, Fair Isaac will make sure its Global FICO scores are consistently scaled across credit bureaus and across national borders for seamless risk management."