24 October 2017
visit www.avoka.com

Fair Isaac releases account origination product

28 October 2004  |  405 views  |  0 Source: Fair Isaac

Fair Isaac Corporation (NYSE:FIC), the leading provider of analytics and decision technology, today announced the release of Capstone Decision Accelerator, the first of a series of account origination support solutions built upon Fair Isaac's advanced Enterprise Decision Manager platform.

Specifically designed for new account originations, Capstone Decision Accelerator is ideal for building and maintaining the policies, practices and procedures that define the complex business strategies found in the originations process. Capstone Decision Accelerator leverages the power of Fair Isaac Blaze Advisor to provide companies with proven rules management technology that supports the entire process for designing, building and maintaining rules-based decision applications.

"Capstone Decision Accelerator is a highly flexible and customizable solution that we believe will expand our impact in the originations market," said Roger Ahern, vice president of Enterprise Origination Solutions at Fair Isaac. "Building on the success of both our Capstone Decision Manager and LiquidCredit origination solutions, Fair Isaac's movement towards a widely used platform provides us with the ability to tie together diverse lines of business and various technologies to deliver the industry's most robust origination capabilities."

Fair Isaac's origination solutions help financial institutions, telecom carriers and insurance companies efficiently target and obtain valuable customers while shortening decision cycles and reducing application processing costs. Capstone Decision Accelerator offers state-of-the-art, multi-platform services that can augment or replace current processes, depending on business needs.

The solution includes a Strategy Management Workstation which allows a business user to develop originations strategies by creating and maintaining lending products, rule sets, decision trees and tables. Combined, these components allow credit grantors to realize greater profitability by booking more loans, cutting losses and reducing operational costs and delays through the deployment of consistent strategies and leading predictive analytics.

"Lenders have begun to adopt a holistic approach to originations, in which the loan's genesis is seen as part of a life cycle, rather than as a standalone business process," said Theodore Iacobuzio, vice president of research at TowerGroup. "As a result, lenders are also looking for an integrated approach to origination technology -- an approach that includes decisioning as well as data and that seeks to significantly reduce the time and costs required to incorporate important changes in business priorities into the lenders' decision systems."

Today's announcement is in conjunction with the introduction of Fair Isaac's Enterprise Origination Solutions (EOS) Group. Capstone Decision Accelerator, a core component of Fair Isaac's Enterprise Origination Solutions, is the first of several new origination software versions that will be introduced by Fair Isaac over the next year. Enterprise Origination Solutions is focused on the delivery of the software, analytics and professional services throughout the originations space. It provides an overarching view to the market with respect to the integration of these three areas, while tapping into the power of Fair Isaac's Enterprise Decision Manager platform.

Enterprise Decision Manager is the first software solution that combines industry-leading predictive analytics, business rules and business user control into a complete platform for managing decisions across an enterprise. The solution integrates proven Fair Isaac decision management tools -- Fair Isaac Blaze Advisor for rules management, Model Builder for model development and Decision Optimizer for improved decisions. It provides any business that makes dynamic, high-impact operational decisions with more complete capabilities for accelerating the development and deployment of decision management applications.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.com visit www.atos.net

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
20135 views comments | 31 tweets | 43 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
15392 views comments | 24 tweets | 32 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
11082 views comments | 12 tweets | 23 linkedin
Eight banks form joint venture to launch blockchain trade platformEight banks form joint venture to launch b...
9202 views comments | 15 tweets | 29 linkedin

Featured job

Competitive base + commission + benefits
Denmark, Finland, Iceland, Norway or Sweden

Find your next job