Fair Isaac Lands Romanian Credit Decisioning Account

Fair Isaac Corporation (NYSE: FIC), the leading provider of analytics and decision management technology, announced today that Raiffeisen Bank S.A., Bucharest, the Romanian subsidiary of Raiffeisen International Bank-Holding AG, will utilize its enterprise origination solutions to improve decision management and expand its portfolio in Romania’s fast-growing consumer credit market.

Under terms of the agreement, the bank selected Fair Isaac’s Capstone® Decision Manager and Capstone® Decision Accelerator solutions to automate and streamline its customer application decisioning process, increase processing capacity, and reduce the number of new applications that require manual review by a credit analyst. Combined, these enterprise origination solutions will enable Raiffeisen Bank to realize greater profitability by booking more loans, reducing operational costs and delays and better managing credit risk.

"Raiffeisen Bank intends to leverage Fair Isaac’s deep industry and analytic experience and reduce the time-to-market of new product launches," said Carl Rossey, Vice President of Raiffeisen Bank. "The Capstone solution will allow us to cost-effectively deliver on our requirements, keep pace with our growth plans and provide a strong foundation for our future objectives."

"As one of the fastest-growing consumer credit markets in the world, Romania offers significant opportunities for Fair Isaac to share our market-leading analytics and expertise in enterprise decision management," said John Sandifer, Vice President Financial Services EMEA, at Fair Isaac. "With its powerful decisioning and analytic technology, affordability and ease of implementation, Capstone will help leading financial institutions such as Raiffeisen Bank meet the growing demand for credit from consumers and small businesses, and give them a significant competitive edge."