FICO revamps risk management tech at Basisbank
Denmark-based online lender Basisbank is implementing FICO’s Blade Advisor rules management system to “control credit risk and accelerate its digital transformation”, the vendor says.
“As a fintech, we need to be fast and responsive to customer demands, while maintaining strong risk management,” says Morten Larsen, head of business development at Basisbank. “We need to give our risk analysts the maximum flexibility to make changes quickly, not wait in a queue for IT to make changes. In our review of the market, FICO provided the most powerful and flexible solution, and also has the greatest expertise in financial services.”
Basisbank was founded in 2000. It offers simple banking and finance products consumers direct to market and at point of sale at retail partners and car dealers. Today, it has over 90,000 customers and partners with 700+ retail shops and automotive dealers.
It says that more than 75% of its credit applications come from mobile devices.