Fair Isaac Corporation (FIC) Increases Business in Asian Pacific Markets
Source: http://Blog.QualityStocks.net/?p=11001Posted on Tuesday, July 8th, 2008 | In Current Market News, OTCBB Markets, Small & Micro Cap, Stocks to Watch
Fair Isaac Corporation (FIC), best known for its FICO® score program – the standard measure of credit risk used by banks, credit card companies and consumers – also provides decision management solutions. The company provides services for 5,000 businesses in 80 countries that include insurers, retailers, and healthcare organizations. Other products and services from Fair Isaac include decision management applications and tools, analytics (such as the FICO® score), and professional services to help clients solve business challenges.
Business in the Asia-Pacific area has more than doubled for the company in the first half of the financial year 2008. This growth was a direct result of a significant increase in the number of international and domestic banks investing in Fair Isaac tools and technologies. New clients include Citibank (Korea), GenWorth Financial (Australia and New Zealand), High Mark Credit Information Services (India), National Healthcare Group (Singapore), Singapore Civil Defense Force, and China’s Bank of Communications.
The company’s strategic presence in Asia has paid off in the form of being the vendor of choice in the banking sector of Asia/Pacific markets. More than 15 new customers across Asia have chosen Fair Isaac’s decision management solutions for the financial services, defense and healthcare industries. In China, the company has won the rights to deliver consulting services and advanced analytic capabilities for a number of China’s leading banks to meet compliance goals while managing credit risk and growth.
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