FICO® Decision Optimizer will enable Home Credit to target loan offers to customer needs

  • Home Credit, an international lender operating in 9 countries, will use FICO® Decision Optimizer to improve its cash loan and credit card portfolios in Russia
  • New solutions will cover both loan and credit line optimisation
  • Advanced analytics will help Home Credit expand credit for people with little or no credit history

Gartner Data & Analytics Summit — Analytics software firm FICO has announced that Home Credit N.V. (www.homecredit.net), an international lender that focuses on responsible lending to people who have limited access to financial services, will use FICO optimisation tools and methodologies to improve its cash loan and credit card portfolios in Russia. These new strategies will provide optimized credit offers for both existing and new customers, aimed at increasing acceptance rates and building the lender’s portfolio.

Home Credit, headquartered in the Czech Republic, will use FICO’s advanced analytics to develop an optimised pre-approved loans decision strategy of their Russian business. This approach will analytically define the best terms and conditions to offer each customer, based on customer preferences and portfolio objectives.

Similarly, the optimisation of credit lines and prices will promote better utilisation of credit lines. The company plans to start testing these new strategies in early 2020.

About Home Credit N.V.
Home Credit N.V.(“HCNV”) is the Netherlands-based holding company for Home Credit’s global platform, which centrally manages its core strategy, technology, risk, product and funding functions while adapting to local market needs. HCNV is an emerging markets’ consumer finance specialist with operations in (1) Central & Eastern Europe including Czech Republic and Slovakia; (2)  the Commonwealth of Independent States including Russia and Kazakhstan; (3) China and (4) South & South East Asia including India, Indonesia, Vietnam and Philippines.

Founded in 1997, Home Credit focuses on responsible lending primarily to people who have limited access to financial services and is fully licensed to operate in its chosen markets. It has served almost 125 million people in nine markets. Home Credit drives and broadens financial inclusion by providing financing to under-serviced populations wherever and whenever they need through its omni-channel distribution network, while providing a positive and safe borrowing experience. Learn more at http://www.homecredit.net.

About the Gartner Data & Analytics Summit 2019:  Data and analytics leaders are fueling digital transformation, creating monetization opportunities, improving the customer experience and reshaping industries. The Gartner Data & Analytics Summit 2019 provided the tools to build on the fundamentals of data management, business intelligence (BI), and analytics; harness innovative technologies such as artificial intelligence (AI), blockchain and the Internet of Things (IoT); and accelerate the shift toward a data-driven culture to lead the way to better business outcomes.

Source:  FICO News Release