SCHUFA and Fair Isaac Partner To Help German Financial Institutions Turn Analytics Into Competitive Advantage


Share on LinkedIn

Distribution and marketing agreement combines Germany’s premier consumer credit services with world’s leading risk and decision management solutions

London, UK — 18 September, 2007 — Germany’s premier credit services provider SCHUFA and Fair Isaac Corporation (NYSE:FIC), the leading provider of analytics and decision management technology, today announced their collaboration to help German financial services providers manage credit risk and prevent fraud. SCHUFA is the leading provider of consumer credit information, scoring and decision management services to Germany’s financial institutions.

Under terms of the multi-year agreement, SCHUFA and Fair Isaac will jointly pursue business opportunities in the German credit market by marketing and selling Fair Isaac’s solutions and tools for Enterprise Decision Management (EDM). EDM is a business approach that automates, improves and connects decisions across the consumer credit lifecycle. By expanding the reach of Fair Isaac’s proven predictive analytics and decision technologies in the German market, the collaboration will enable banks and retail credit grantors to make more precise, consistent and agile lending decisions in originations, customer management, and collections and recoveries.

“Over the past years, SCHUFA has been a strong solutions provider for the German credit market,” said Rainer Neumann, Chairman of the Executive Board, SCHUFA Holding AG. “Building upon our unique database, we have developed effective solutions for the evaluation of credit decisions for mass markets.
This new partnership now significantly enriches the portfolio of products and services that we are able to offer financial institutions in Germany. Together with Fair Isaac, SCHUFA sets out on the important course for future growth on the product side. We look forward to a long and successful relationship.”

Aggressive consolidation, fierce competition and increasing regulation require banks to more effectively assess risk and integrate sophisticated risk management practices across the enterprise and throughout the banking customer lifecycle. Leveraging SCHUFA’s comprehensive credit data as the analytic foundation for Fair Isaac’s advanced risk and decision management technology, the collaboration provides German financial service providers with a powerful and comprehensive resource to meet their growth goals without exposing operations to needless risk.

“As the consumer debt landscape rapidly changes, banks in Germany understand that future growth and even survival will depend on their ability to make smarter decisions faster in increasingly complex lending environments,” said Robert Duque-Ribeiro, vice president and managing director of Europe, Middle East and Africa Markets at Fair Isaac.

“Together, SCHUFA and Fair Isaac offer an unparalleled breadth and depth of capabilities that deliver breakthrough value to financial institutions. Tapping into SCHUFA’s extensive local market knowledge enables us to tailor our proposition to best meet specific local market needs.”

In addition to jointly selling and marketing Fair Isaac’s analytic solutions in the German market, the companies plan joint integration initiatives. Working in concert with Fair Isaac Professional Services, SCHUFA consultants will provide first-level local implementation and language support to quickly help banks derive full value from their technology investments.

Credit Lifecycle Solutions for Lenders
Through the alliance, German lenders will be able to implement Fair Isaac’s pre-built applications for specific decision areas, including Debt Manager™ solution, which enables a more streamlined, customer-centric collections and recovery operation, and TRIAD™ adaptive control system, the world’s leading account management system that is used to manage and optimize customer decisions for more than 65 percent of the world’s credit cards. Also available will be Fair Isaac’s Falcon™ Fraud Manager, the industry-standard fraud detection system currently used to protect 65 percent of all credit card transactions worldwide, and Capstone® Decision Manager, which enables a fast, efficient, automated account origination process that can be used across the enterprise.
SCHUFA will also offer lenders Fair Isaac software and tools that help them build complete, custom solutions in order to take full advantage of their existing technology investment and domain expertise in credit, risk and customer management. These tools—offering the same technology Fair Isaac uses to build its market-leading solutions—include Blaze Advisor™ business rules management system, the leading software for creating and deploying business rules as part of an automated business system, and Model Builder™ solution, which allows businesses to quickly design, modify and deploy sophisticated analytic models to production systems without recoding by programmers.

News Editor
CustomerThink offers a free news posting service for press releases relevant to our community. To submit your press release to our news editor, send an email to [email protected] with the press release headline and main content in the email subject line and body, respectively. That's it! Approved press releases will appear in our news category within one business day of submission.


Please use comments to add value to the discussion. Maximum one link to an educational blog post or article. We will NOT PUBLISH brief comments like "good post," comments that mainly promote links, or comments with links to companies, products, or services.

Please enter your comment!
Please enter your name here