Press Release Summary:
Customer Manager v8.6 enables lenders to make decisions on lending and credit line limits, pricing, transaction authorizations, cross-selling, and collections for small business borrowers. Software protects sensitive information and also helps lenders meet internal security policies. Testing features and systematic learning enable organizations to adapt their strategies. With optional Flexible Limit Model, lenders can determine highest possible lending limits for each customer.
Original Press Release:
FICO TRIAD Customer Manager Upgrade Will Help Lenders Improve Profitability of Small Business and Consumer Portfolios
Newest version of industry-leading credit management solution offers extended data use, security enhancements and flexible credit limit modeling option
MINNEAPOLIS - FICO (NYSE: FICO), the leading provider of analytics and decision management technology, today announced the general availability of FICO® TRIAD® Customer Manager version 8.6, the most advanced version of the world's leading solution for credit customer treatment decisions, used to manage two-thirds of the world's credit card accounts and multi-product portfolios.
The new version is designed to help lenders make more precise, customer-level decisions on lending and credit line limits, pricing, transaction authorizations, cross-selling and collections. The changes in FICO TRIAD 8.6 make it easy for lenders to manage decisions on small business borrowers.
Key updates to version 8.6 include an expanded data model that allows lenders to factor in a wider range of accounts and customer-level data, resulting in decisions that reflect and reinforce the total customer relationship. Stronger security functionality enhances protection of sensitive information and enables lenders to meet strict internal security policies.
Version 8.6 also adds an optional feature called the Flexible Limit Model that enables lenders to create more accurate credit limit models. This means lenders can determine the highest possible lending limits for each customer while still meeting multiple business constraints, thus increasing their revenue while lowering risk.
Equipped with unique and powerful strategy design and visualization capabilities, FICO® TRIAD® Customer Manager enables users to implement decision strategies based on a comprehensive customer-level view, rather than simply at the account level. FICO TRIAD also allows organizations to adapt and improve strategies faster through champion/challenger testing and systematic learning from operational results.
"To hang onto the best customers and attract new ones, lenders need advanced, precise, easy-to-use tools that let them look at customers as individuals, rather than simply accounts," said David Lightfoot, FICO vice president of product management. "Unlike anything else in the marketplace, TRIAD 8.6 allows our clients to do just that. We continue to make the industry-leading solution even more valuable for our customers."
FICO TRIAD Customer Manager 8.6 is designed for ease of implementation, with upgrades from versions 8.3, 8.4 or 8.5 expected to take as little as two weeks.
FICO (NYSE:FICO) delivers superior predictive analytics solutions that drive smarter decisions. The company's groundbreaking use of mathematics to predict consumer behavior has transformed entire industries and revolutionized the way risk is managed and products are marketed. FICO's innovative solutions include the FICO® Score -- the standard measure of consumer credit risk in the United States -- along with industry-leading solutions for managing credit accounts, identifying and minimizing the impact of fraud, and customizing consumer offers with pinpoint accuracy. Most of the world's top banks, as well as leading insurers, retailers, pharmaceutical companies and government agencies, rely on FICO solutions to accelerate growth, control risk, boost profits and meet regulatory and competitive demands. FICO also helps millions of individuals manage their personal credit health through www.myFICO.com. Learn more at www.fico.com. FICO: Make every decision count(TM).
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FICO, TRIAD and "Make every decision count" are trademarks or registered trademarks of Fair Isaac Corporation in the United States and in other countries.
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