Fico, a provider of analytics and decision management technology and China UnionPay Data Services (CUP Data), a China-based provider of outsourced payment services, have entered into partnership to offer the industry-standard credit account and customer management solution to banks across China.
Through this partnership, CUP Data will offer Fico Triad Customer Manager, along with Fico’s analytics for risk and collections, at the point of processing, improving risk management while eliminating the up-front investments of time and money normally associated with software, hardware and implementation.
Fico Triad Customer Manager, an account management solution, enables banks to maximize revenues and minimize losses across multiple lines of business by predicting risk and automating targeted treatments. It also allows them to develop effective competitive strategies that strike the right balance between risk management and customer satisfaction, using breakthrough strategy design and visualization capabilities.
In addition to being able to implement Fico Triad Customer Manager and analytics at the point of processing, CUP Data subscribers can choose to participate in a data consortium to gain additional analytic insight.
Mark Greene, CEO at Fico, said: “Against the backdrop of explosive growth, the Chinese banking industry needs account management and analytics solutions that will enable sustained profitability. Through this partnership, we’ll provide those solutions on-demand, saving CUP Data subscribers precious time and money, and providing them with a valuable competitive advantage in the process.”