UniCredit will launch buddybank in early 2017 in Italy
LONDON, Sept. 19, 2016 /PRNewswire/ --
HIGHLIGHTS:
- FICO is providing the decision management platform for
UniCredit's buddybank, a project bank for smartphone users
only
- buddybank's platform is based on the FICO®
Decision Management Suite, and will be used to manage
originations, customer management, collections and fraud
decisions
- buddybank is scheduled for a January
2017 launch
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Analytic software firm FICO today announced it is providing the
decision management platform for UniCredit's buddybank, a
bank project exclusively designed for smartphones. Scheduled to
launch in early 2017 in Italy,
buddybank will use the FICO® Decision Management Suite
to instantly verify customers and manage credit decisions in
originations, customer management, collections and fraud.
"We evaluated providers that offered systems for each segment of
the customer lifecycle, but FICO offers not just products but
expertise across the lifecycle," said Angelo D'Alessandro,
buddybank founder at UniCredit. "FICO is a partner that is
committed to our goals of providing the best service to our
customers, and will help us launch buddybank on time and on budget.
FICO's decision management technology is part of what will make
buddybank the most innovative new lifestyle bank."
UniCredit's buddybank will offer current accounts,
credit/debit cards and contextual and instant personal loans,
as well as a 24/7 concierge service, accessible via chat and phone,
that can help with everyday tasks such as restaurant reservations,
taxi booking and travel planning. UniCredit, a leading European
commercial bank operating in 17 countries, is targeting the
break-even point within three years. Following the launch in
Italy, UniCredit will explore
launching buddybank in the United
States, and other countries in Europe.
"UniCredit's buddybank represents the next stage for mobile
banking," said Steve Hadaway,
FICO's general manager for Europe,
the Middle East and Africa. "For start-ups like this, having
one integrated decision management solution not only enables a
quick launch, it provides the best way to make customer-level
credit decisions and deliver a superior customer experience."
The FICO® Decision Management Suite 2.0
provides an easy way for customers to evaluate, customize, deploy
and scale state-of-the-art analytics and decision management
solutions. It allows customers to quickly integrate FICO and FICO
partner decision management tools and components with their own
components, helping organizations of all sizes realize the promise
of advanced analytics and decision management via cost effective,
scalable cloud and on-premises solutions.
About UniCredit
UniCredit is a leading European financial group with an
international network spanning 50 markets. With over 7,500 branches
and 143,000 employees serving more than 32 million clients, the
Group has commercial banking operations in 17 countries and assets
of €890 billion.
UniCredit will launch buddybank, a mobile only bank wholly owned
and incubated by UniCredit on January
2017 in Italy (after having
received the necessary banking license).
For more information, please visit www.unicreditgroup.eu/en
(Data as of June 30, 2016)
About FICO
FICO (NYSE: FICO) powers decisions that help people and businesses
around the world prosper. Founded in 1956 and based in Silicon
Valley, the company is a pioneer in the use of predictive analytics
and data science to improve operational decisions. FICO holds more
than 165 US and foreign patents on technologies that increase
profitability, customer satisfaction and growth for businesses in
financial services, telecommunications, health care, retail and
many other industries. Using FICO solutions, businesses in more
than 100 countries do everything from protecting 2.6 billion
payment cards from fraud, to helping people get credit, to ensuring
that millions of airplanes and rental cars are in the right place
at the right time.
Learn more at www.fico.com.
Join the conversation at https://twitter.com/fico &
http://www.fico.com/en/blogs/
FICO is a registered trademark of Fair Isaac Corporation in the
US and other countries.
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