FICO TRIAD, a cloud-based version of its account management solution is now available as a hosted solution on the FICO Analytic Cloud. With FICO TRIAD Cloud Edition, credit grantors can test, automate and improve decisions for credit and debit cards, deposit accounts, loans, auto financing and other credit products.
Credit and deposit risk managers and other users can measure customer risk with predictive analytics, set up targeted risk-based strategies, automate a host of decisions using these strategies, and test new “challenger” strategies against their current “champions” to continually improve results. Currently, more than 65 percent of all customer credit cards worldwide are managed with FICO® TRIAD® Customer Manager.
While FICO TRIAD Customer Manager is used by many of the world’s largest banks, TRIAD Cloud Edition was specifically designed for organizations managing account portfolios ranging from 100,000 to 1.5 million accounts. TRIAD Cloud Edition is the perfect fit for organizations that are looking to add the sophisticated power of TRIAD’s analytic and strategic design to their legacy systems without having to install new software.
A major US auto lender will be among the first customers of TRIAD Cloud Edition. The company will use the new solution to deploy analytic scores and manage collections in the early stages of delinquency.
With TRIAD Cloud Edition, FICO manages all the hardware, software and associated requirements. This is perfect for US auto finance companies.
FICO TRIAD Cloud Edition can be used to manage decision areas such as credit facilities, pricing, reissue, early-stage collections and marketing communications.
TRIAD Cloud Edition is priced based on the number of accounts processed each month.
For data, background and forecasts on FICO: Search CardWeb.com’s CardFlash® Library of more than 58,000 archived articles; Access CardWeb.com’s CardData® for current and historical Performance, Portfolios, Profiles, etc. Visit RAM Research® (ramresearch.com) for quarterly and annual forecasts covering more than 150 metrics. [complimentary or deeply discounted access to CardWeb.com subscribers].
Additional database resources include CardWeb.com’s CardExecs® – comings & goings of payments movers & shakers; CardWeb.com’s CardWatch® – ears & eyes on marketing globally (57K items); and CardWeb.com’s CardPixes® – form & function of card design (7K items).