Predictive analytics provider FICO is to
provide their Model Builder solution to German mail order company
Neckermann.de, enabling the company to develop and optimise credit
risk scorecards for new customers.
Neckermann offers flexible payment methods
allowing new customers the option of purchasing on account or via
instalments. The instalment of the FICO Model Builder solution will
allow Neckermann to process new customer orders while managing
credit risk.
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Phillip Sertel, senior director at FICO for
DACH, Central & Eastern Europe, said: “The complex statistical
models provide valuable assistance in areas such as calculating the
likelihood that new customers will meet their obligations on
time.”
The FICO solution can solve large modelling
problems as well as reduce model deployment costs by as much as 75%
whilst shortening time-to-value.
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