Fico (NYSE: FICO), the leading provider of analytics and decision management technology, today announced that Banco Multiple Leon of the Dominican Republic will use Fico Capstone Decision Accelerator software, combined with a set of Fico predictive models, to maximize profitability of its decisions on credit applications, and approve more credit while meeting its risk management goals.
Banco Leon intends to use FICO Capstone Decision Accelerator as the decision engine for a broad range of credit decisions.
"As Banco Leon grows, the FICO decision management capabilities will allow it to better meet competitive, service and regulatory demands," said Andreas Suma, FICO senior director for Latin America. "FICO analytics and software will help the bank better understand and assist individual and business clients through the whole credit life cycle."
Carlos Guillermo Leon, Banco Leon's president, explained: "Our ultimate goal is to simplify life for our clients. The FICO system will help us accomplish this, granting credit in a faster and more precise way. At the same time, we will be able to expand our loans as well as our profitability, and improve compliance with regulatory standards."
FICO Capstone Decision Accelerator is a strategy design solution that helps credit grantors maximize the profitability of credit decisions. Built on the industry-leading FICO® Blaze Advisor® business rules management system, Capstone Decision Accelerator gives business and risk managers the ability to design and deploy highly targeted strategies through an easy-to-use web interface.