Fair Isaac, a US provider of credit decision technology, has said that 20 new organizations joined its triad credit control platform over the last 15 months.
According to Fair Isaac, the Triad system allows lenders to automate and optimize decisions on how to deal with late repayments, cross-selling opportunities, as well as when and how much to change a customer’s credit line, and what total amount of credit to extend a customer.
The company reports that nearly 300 credit portfolios, representing 85% of the credit card volume in the US and 65% of the world’s credit cards, are now managed using Triad systems.
We believe that the continued demand for Triad worldwide reflects the global market’s growing need for a proven analytic solution that delivers reliable, revenue-building decisioning power, agility and speed, said Andrew Jennings, Fair Isaac vice president of global customer management solutions.
We expect another strong year in 2006, and we see particular opportunity in the Asia-Pacific region, where we now offer enhanced language localization support for our newest Triad version.