Chennai-based information management solutions provider Saksoft has signed an agreement with US-based analytics and decision management technology firm Fair Isaac Corporation (FICO), to market the latter’s solutions in India.
The distribution agreement would cover FICO decision management solutions and custom analytics in combination with Saksoft technology, products and systems integration services. It would focus on providing services to banking and insurance sectors in India, according to a company announcement.
“Combining the full FICO solution set with our know-how in banking technologies and wide-ranging capabilities gives us a more powerful and broader value proposition for our clients in India,” said Aditya Krishna, CEO, Saksoft.
Dan McConaghy, president and managing director, FICO Asia Pacific, said: “Having Saksoft, a world-class information management company with significant experience in the sectors we serve, as a partner means we can offer clients a faster and more expansive path to adopt technology for risk management, fraud detection, business rules management and more.”
In India, FICO works with the top three payment banks, several non-bank financial companies, and has an R&D centre for analytics in Bangalore. It supports clients across 80 countries, at present, in cutting fraud losses, managing credit risk, meeting regulatory and competitive demands and building market share through its solutions and analytics services.