US-based Fair Isaac, a provider of analytics and decision management technology, has announced that Saudi Arabia’s Samba Financial Group has chosen its services to support the delivery of Basel II internal-ratings based compliance across its retail portfolios.
Fair Isaac, in co-operation with its local agent, Cadmus International, will deliver consulting services and advanced analytic capabilities to help the bank meet compliance goals while managing credit risk and growth. The implementation of best-practice techniques for credit and operational risk management will play an important role in enhancing Samba’s competitive advantages in capital calculations and requirements in the bank’s consumer card, mortgage and personal loan portfolios.
Robert Duque-Ribeiro, managing director for Europe, Middle East and Africa markets at Fair Isaac, said: Complying with the Basel II Accord is a critical issue for global banking institutions. With more than 50 years of applying advanced analytics to financial services challenges, Fair Isaac is uniquely positioned to assist Samba in achieving timely implementation of Basel II requirements for risk management.
Daniel Dib, managing director of Cadmus International, said: Banks and financial institutions in this region have definitely embraced the analytics and technology upsurge, and I am very excited that we can now provide Samba with the best-of-breed approaches they require to effectively grow their business and comply with Basel II requirements.