Major Consumer Bank Improves Credit Decision Process using FICO® Origination Manager

After a major acquisition, this large consumer bank faced a tangle of legacy credit risk-management systems, including 12 separate instances of a credit decision engine. This complexity meant it could take months to implement changes — a drain on operational resources and a strategic disadvantage in the fast-paced consumer banking market. The disconnected legacy systems also made regulatory reporting complex and time consuming. The bank wanted to move from a product-centric credit decision process to one that was more customer focused. Existing systems were built to support. The bank worked closely with FICO to optimize the solution and integrate it with existing systems. The company uses advanced analytics, application processing and decision flexibility in Origination Manager to make more precise, profitable decisions when starting a new credit relationship.