Financial institutions can now extend the use of Fair, Isaac’s CreditDesk(R) application processing software to remote or in-house sites with a new Fair, Isaac Web browser-based interface. The graphical user interface allows institutions with multiple branches to maintain control over loan decisions and provide faster decision notification. Fair, Isaac announced that the interface is the first of a wide range of Internet and Intranet application processing solutions the company plans to offer to credit grantors.
“This interface can support consistency in loan decisions while simultaneously helping branch loan officers streamline operations,” said Fair, Isaac Product Line Manager Bill Barnes. “Instead of branches receiving applications by telephone or fax and then retyping them into the system, the data goes directly to the central office, where risk managers can make sure accept/decline decisions are being made consistently.”
CreditDesk is Windows-based software that automates the processing and evaluation of consumer and small business credit applications. The new CreditDesk interface improves the flexibility and cost-effectiveness of the application process, Barnes said. Since every computer with a compatible Web browser can support the interface, a credit grantor can use existing machines to expand a network to incorporate any number of data entry sites. In addition to branches, third parties and loan prospects themselves can also be granted access to the CreditDesk interface.
The interface runs on any Java-enabled Web browser, such as Netscape Navigator or Microsoft Internet Explorer. The web-browser interface is available as a CreditDesk system option.
Since 1956, Fair, Isaac has helped businesses maximize the value of data for strategic decision making. The company pioneered the use of credit scoring in consumer and commercial lending. Today, Fair, Isaac provides data-driven decision making solutions such as customer and operational data management and modeling, data warehousing and information analysis, strategy design, and software to businesses in financial services, direct marketing, personal lines insurance, retail, and health care. Headquartered in San Rafael, Calif., Fair, Isaac employs more than 1200 people in 16 offices worldwide. For the fiscal year ended September 30, 1997, the company reported revenues of $199.0 million, a 28 percent increase over the prior year.Details