FICO and Net.Bit Partner to Give EMEA Financial Services Institutions Fast Track to Efficiency and Decision Power
May 22 2024 - 4:10AM
Business Wire
Partnership will offer SaaS decision management
solutions and bolster financial crime compliance
Analytics software provider FICO has partnered with IT
consultancy firm Net.Bit to elevate operational efficiency, bolster
security measures, and ensure regulatory compliance for financial
institutions in Europe, the Middle East and Africa. Net.Bit will
sell and implement FICO’s decision management solutions,
particularly its powerful FICO® Blaze Advisor® decision rules
management system, which is in use at hundreds of firms
worldwide.
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the full release here:
https://www.businesswire.com/news/home/20240522463769/en/
More information:
https://www.fico.com/en/products/fico-blaze-advisor
Net.Bit and FICO have already made FICO Blaze Advisor as a SaaS
offering, hosted in Net.Bit’s data centres. Leveraging their two
decades of experience in IT engineering and consulting, Net.Bit
will ensure seamless integration of FICO solutions and tailor them
to each organization’s needs. Net.Bit will also offer a compliance
solution that integrates FICO Blaze Advisor with one of the leading
platforms to detect financial crime and suspicious activities. FICO
Blaze Advisor will generate fraud alerts based on suspicious
payment transactions, and the alerts will be managed in the
platform’s case management tool, providing an integrated fraud and
financial crime solution.
“This partnership represents a significant stride forward for
firms looking to improve their efficiency and compliance,” said
Georgi Milev, CEO of Net.Bit. “FICO's solutions offer
cutting-edge analytics, decision management, and optimization
capabilities. Making these solutions available through Net.Bit's
proven multi-vendor SaaS gives businesses a fast track to ROI.”
“We have conducted several proof-of-concept projects for
businesses, which have demonstrated the tremendous value that FICO
Blaze Advisor offers as a SaaS solution through Net.Bit,” said
Alexandre Graff, SVP of Global Partners & Alliances at
FICO. ”Through this partnership, businesses can accelerate
their innovation, optimize decisions, manage risk more effectively
and ensure regulatory compliance.”
FICO Blaze Advisor is a powerful decision management platform
that enables organizations to automate and optimize complex
business decisions using rules and predictive analytics. The
solution caters to the specialized needs of the banking and
financial sector, offering advanced analytics and decision
management.
About Net.Bit
Net.Bit provides a wide range of services spanning from
consultancy for compliance, information security, and personal data
protection, to data centers where it provides services such as DRL
and SaaS. Through its own data centres, Net.Bit offers a holistic
suite of business, compliance and transaction monitoring solutions
as a multi-vendor SaaS solution provider. With 20 years of
experience, Net.Bit has established itself as a trusted advisor in
the IT industry, particularly within the banking and financial
sector. Their comprehensive knowledge of local regulations,
combined with their extensive network of existing clients,
positions them as a key player in the market. Net.Bit's commitment
to delivering tailored IT solutions and consultancy services has
garnered them a loyal customer base comprising financial
institutions seeking top-notch IT services and compliance
expertise. Learn more at https://netbit.mk/
About FICO
FICO (NYSE: FICO) powers decisions that help people and
businesses around the world prosper. Founded in 1956, the company
is a pioneer in the use of predictive analytics and data science to
improve operational decisions. FICO holds more than 200 US and
foreign patents on technologies that increase profitability,
customer satisfaction and growth for businesses in financial
services, insurance, telecommunications, health care, retail and
many other industries. Using FICO solutions, businesses in more
than 100 countries do everything from protecting 4 billion payment
cards from fraud, to improving financial inclusion, to increasing
supply chain resiliency. The FICO® Score, used by 90% of top US
lenders, is the standard measure of consumer credit risk in the US
and other countries, improving risk management, credit access and
transparency. Learn more at www.fico.com.
FICO and Blaze Advisor are registered trademarks of Fair Isaac
Corporation in the US and other countries.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240522463769/en/
FICO UK PR Team Wendy Harrison/Parm Heer
ficoteam@harrisonsadler.com +44 (0)208 977 9132
Net.Bit Ivana Mileska Ivana.mileska@netbit.mk +389 78 400
970
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