FICO partners with Linktera in Turkey and the Middle East region

By Edil Corneille

Global analytics and decision management provider FICO has partnered with Linktera, a consultancy and digital solutions provider specializing in risk management, to advance the use of AI-powered credit risk technology in Turkey and the Middle East. Linktera will sell and implement FICO’s decision management solutions that help banks and other credit grantors manage risk and expand lending growth.

Based in Istanbul, Linktera works with Turkey’s banks and companies to deliver business and digital transformation. FICO’s fraud, compliance and credit risk products are used by financial institutions.

Linktera Partner Berkman Cavusoglu said: “Our mission is to empower financial institutions to leverage data-driven decisioning in all their customer interactions. By joining forces with FICO, we will help organizations operationalize the best data with unparalleled predictive analytics and applied AI, and do so in a streamlined and cost-effective way.’’

“Linktera is at the forefront of business and digital transformation in this region,” said Abdullah Kerem Gul, who oversees FICO’s operations in Turkey, Russia, CIS and the Middle East. “Our partnership will meet the growing need for advanced analytics and decision management technology in this region. In the past year, we have doubled our workforce in Turkey and moved into larger offices, which serve as a centre of excellence to deliver decision management solutions across Turkey and the Middle East.”

Recently this month, it was announced that FICO is providing decision optimization software to manage the growing consumer credit card portfolio for Turkish retail bank – Akbank. The bank has tasked FICO to train an in-house team so they can build their own applications for other areas such as loan amount and pricing optimization, customer-based limit optimization and restructuring optimization.