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FICO, Saksoft to jointly market solutions in India

Veronica C. Silva | April 8, 2011
The two companies are targeting the banking and insurance industry for their business intelligence solutions.

MANILA, PHILIPPINES, 8 APRIL 2011 – Two business technology companies have recently announced their partnership to reach out further into the India market.

FICO, which offers analytics and decision management solutions, and Saksoft, which focuses on information management solutions, said they will jointly market their solutions in one of the most populous countries in Asia. The two companies said they would focus on the banking and insurance industry in India to help industry players make smarter decisions through the solutions they are offering. 

North America-headquartered FICO is already doing business in India and even has an Analytics Center of Excellence in Bangalore that houses its research and development team. It is also working with the top three payment banks in the country and several other non-bank financial institutions.

For this particular partnership with Saksoft, FICO said it would be marketing the FICO TRIAD Customer Manager and FICO Blaze Advisor business rules management solutions. FICO TRIAD Customer Manager is a credit account and customer management solution with advanced analytics and strategy consulting and tools. FICO Blaze Advisor, on the other hand, is a scalable solution that is agile and easy to implement for smarter business decisions.

Dynamic industry

Dan McConaghy, president and managing director, FICO Asia Pacific, expressed optimism in the “dynamic” financial services industry in India with new players coming in and companies eager to boost their bottom line.

“FICO has been delivering predictive analytic solutions to help Indian banks and other organisations driver smarter decisions and profitable growth. Having Saksoft as a partner means we can offer clients a faster and more expansive path to adopting technology for risk management, fraud detection, business rules management and more,” said McConaghy.

Chennai-based Saksoft provides consultancy services and systems integration.

Aditya Krishna, CEO, Saksoft, said their partnership with FICO will expand their services offerings to their clients in India. “Together we can help companies accelerate the integration of advanced analytics and decision management solutions into their operations,” Krishna added.


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