Fair Isaac Corporation, the leading provider of analytics and decision technology, and IBM announced the first integration of Fair Isaac's TRIAD adaptive control technology with IBM's Banking Data Warehouse (BDW). By combining the world's leading account management analytics with IBM's industry-standard data warehouse infrastructure, the two companies have created a powerhouse customer credit management solution for financial institutions worldwide.
The first institution to leverage the combined solution, a major North American bank, will use it to gain a more precise understanding of their most profitable customers through faster, more efficient access to more complete and accurate data. As a result, the bank will be able to develop and deploy improved retention and cross-sell strategies, ensure consistent communication across multiple channels and more effectively manage risk. Further, the solution's core data and rigorous risk management analytics provide key components of an effective Basel II compliance plan.
Fair Isaac and IBM recently announced a global strategic alliance to help financial institutions manage risk, prevent fraud and forge more effective customer relationships. The new credit management solution marks the companies' first joint product development and integration initiative, bringing together two core technology offerings to help lenders implement world-class risk management practices that support profitability goals and address regulatory requirements, such as those mandated by Basel II.
Fair Isaac's TRIAD products promote understanding, evaluation and retention of profitable customers by supporting analytics-based decisions at the account and customer level. The system analyzes all data on the customer's total product holdings, and the resulting insight is used to deliver the right product or treatment to each customer at the right price and time. Leveraging the consistent and complete customer data provided by IBM's Banking Data Warehouse gives TRIAD even more precision, flexibility and power.
IBM's Banking Data Warehouse is a component of the IBM Information Framework, derived from 12 years of experience with financial institutions - including 170 banks and insurance companies. Consolidating valuable and easily accessible data from multiple sources, the BDW enables more informed decision-making. The data warehouse's flexibility allows financial services providers to quickly react to market dynamics, restructuring and economic changes and create solutions ranging from departmental data marts to enterprise-wide data warehouses.
Fair Isaac's TRIAD adaptive control systems currently manage 65 percent of the world's credit card accounts. At over 280 installations worldwide, TRIAD adaptive control has helped businesses improve profitability by guiding and informing management in strategic planning for the profitability of their portfolios; providing continual testing, learning, and refining of portfolio strategies in a "champion/challenger" test environment; lowering operating costs and impact on IT resources through smooth integration into billing and customer information systems; and integrating powerful analytics and business expertise.
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