Fico partners with FinTecSystems

Tuesday 28 September 2021 12:01 CET | News

US-based software analytics company Fico has entered into a partnership with Germany-based FinTecSystems (FTS) for the DACH region in order to optimise decision-making over the customer life cycle.

Fico is a provider of analytics-based platform software for decision making in the banking industry. Lenders using Open Banking can combine transaction data from FTS with analytics and platform solutions from Fico. This means decisions can be made for both the consumer and the lender, which minimises fraud and can improve data-driven customer interaction.

According to a Fico representative, by FTS’ Open Banking data access and the consolidation of this data via the Fico platform, financial institutions can increase profitability in the lending business. The joint offering will enable banks to integrate Open banking data into their customer and portfolio management as a service.

More: Link

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: partnership, Open Banking, fraud prevention, financial services
Categories: Banking & Fintech | Online & Mobile Banking
Countries: Germany
This article is part of category

Banking & Fintech

Industry Events