S-Pankki selects FICO risk analytics to expand customer base

By Megha Bhattacharya

Analytics software firm FICO today announced that S-Pankki, the banking arm of Finnish retailing co-operative S-Group, has selected its risk analytics solution for expanding its customer base. FICO leverages modelling technologies in developing predictive analytics and is used by lenders, retailers and other firms.

“As we add new products and expand our customer base, we need a comprehensive view of our enterprise risks,” said Mika Svar, head of Credit Risk at S-Pankki. “In order to create the most advanced risk analytics, we reviewed the top analytics providers as well as consulting firms and credit bureaus, and found that FICO has the greatest expertise in this area worldwide. With FICO models, we can pursue growth more aggressively, knowing that we can stay within our risk guidelines.”

“A more advanced analytics approach is the key to lending with confidence,” said Steve Hadaway, vice president and general manager for Europe, the Middle East and Africa at FICO. “S-Pankki is taking the right approach to upgrade its models as part of its growth strategy.”

Recently, FICO announced that Yapi Kredi, a private bank in Turkey, will use FICO Decision Central™ to manage analytics models and decision logic across the enterprise. This is part of Yapi Kredi’s System of Intelligence vision and roadmap to seamlessly conduct and orchestrate smarter analytics and data pipelines and enhance AI/machine learning lifecycle management. FICO Decision Central enables businesses to capture models and other decision assets so that they can be reused, modified and improved over time.