Case Study: SA Taxi achieves 25% lending growth with FICO cloud-based decisioning

SA Taxi increases lending growth 25% with FICO

SA Taxi, an independently owned business focused on financing minibus taxi operators in South Africa, faced the challenge of manually processing loan applications. This created pressure on credit assessors and hindered growth. To support increased lending volumes, they partnered with FICO to implement an automated decisioning system, FICO® Decision Modeler.

By implementing FICO's cloud-based Decision Modeler, SA Taxi automated 70% of all credit decisions. The solution from FICO led to a 25% increase in lending growth and reduced decision time from two hours to just 10 minutes. This also improved risk and decision accuracy, allowing the team to focus more on strategy and analytics.

SA Taxi