Private sector lender Axis Bank has chosen FICO Blaze Advisor business rules management system to manage processing of all retail loans and for customer management on its credit card portfolio. The deployment will help the bank to establish a common decision platform across different business units and credit lifecycle stages based on FICO’s decision management technology.

Axis Bank wanted to decrease its turnaround time for deploying new scorecards and decision strategies. Plus, it wanted to improve consistency and scalability in its business processes across its different regions, while having a robust audit mechanism to track changes. FICO Blaze Advisor is said to resolve these issues, providing a common, central platform for managing analytics and strategies and enabling quick deployment of new strategies and analytic models.

Moreover, because Blaze Advisor is designed to allow business users to create and modify rules without relying on IT support, it will accelerate time to market for business decisions. The bank chose Blaze Advisor following a rigorous competitive review. Axis Bank has been using FICO’s application risk scorecard in its personal loan business.

“FICO Blaze Advisor will give us the ability to be more responsive to market changes, while making more consistent decisions,” said Jairam Sridharan, Head of Consumer Lending, Axis Bank. “In addition, we can centralize management of our strategies, and deploy new predictive analytics faster than ever before. Ultimately, we expect to be more streamlined and more competitive by building a common decision platform for originations, customer management and collections.”

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