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| Exchange Disseminated Time | Saksoft Ltd has informed BSE regarding a Press Release dated March 22, 2011 titled "FICO and Saksoft Partner to Deliver Analytic Solutions in India".
Press Release :
"FICO (NYSE:FICO), the leading provider of analytics and decision management technology, and Saksoft (NSE: SAKSOFT), the Information Management Specialist company, today announced an agreement to market solutions jointly in India. The distribution agreement covers FICO’s decision management solutions and custom analytics – including FICO TRIAD Customer Manager and FICO Blaze Advisor business rules management – in combination with Saksoft’s technology, products and systems integration services.
FICO TRIAD Customer Manager is the leading credit account and customer management solution, with advanced analytics and strategy consulting and tools. FICO™ Blaze Advisor® is the world's leading business rules management system, which provides companies across industries with a scalable solution that delivers agility and easy-to-implement smarter business decisions.
In India, FICO works with the top three payment banks, several non-bank financial companies, and has an Analytics Center of Excellence in Bangalore that houses research and development. The two companies’ complementary expertise will enable them to deliver technology solutions that optimize business processes and decision management for clients, principally in the banking and insurance space.
Dan McConaghy, President and Managing Director for FICO Asia Pacific, said, “The Indian financial services climate is particularly dynamic with aggressive corporate expansion plans, credit growth, merger and acquisition activities, new players waiting to get banking licenses, and companies looking to grow quickly yet profitably. FICO has been delivering predictive analytic solutions to help Indian banks and other organizations driver smarter decisions and profitable growth. 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 adopting technology for risk management, fraud detection, business rules management and more.”
"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, Saksoft’s CEO. “Together we can help companies accelerate the integration of advanced analytics and decision management solutions into their operations." |
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