Marks & Spencer Money, part of Marks & Spencer, one of the UK's leading retailers, has selected SAS, the leader in business intelligence, to underpin its credit management strategy for the recently launched Marks & Spencer '&more' credit card.
SAS' Credit Scoring Solution will significantly speed up the credit scorecard development process thereby improving service to Marks & Spencer customers. Speed of change is a critical factor in improving a company's ability to respond to market changes given the highly competitive and dynamic nature of the financial services industry. Furthermore, the ability to develop advanced models to better determine loan strategy will reinforce the company's commitment to be a responsible and prudent lender.
SAS' Credit Scoring Solution combines data management, analytic, and reporting capabilities that will enable Marks & Spencer Money to develop, validate, deploy and track credit scorecards faster, cheaper and more flexibly.
Commenting on the organisation's selection of SAS, Martin Hagerty, Director of Credit Risk at Marks & Spencer Money, said, "After evaluating what is currently available in the market, SAS was an obvious choice. It is the recognised market leader, and offers a flexible and easy-to-use solution." He added, "In relation to the value we expect in terms of better managing our credit risk, SAS offers extremely good value for money."
Commenting on Marks & Spencer Money's selection of SAS, Paul Devlin, Director of Scotland and Regional Operations, SAS UK, said "Marks & Spencer has been a SAS customer for over seventeen years, and we are delighted that they have chosen our software to enhance their credit management framework. The use of our software will build on their existing in-house experience, and we look forward to working with them to support their strategy for future growth."