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ING Bank Will Use FICO Technology to Power Growth in the Czech Republic
European banking leader ING Bank will use decision management software and predictive models from analytic software firm FICO to launch its unsecured lending program. ING Bank in the Czech Republic will use one retail banking platform, which will have FICO® Blaze Advisor® decision rules management rules system as its “risk brain,” making fast, consistent, analytically guided credit risk decisions on loan applicants.
In addition to FICO Blaze Advisor, ING Bank will use credit risk models developed by FICO based on its global experience in predicting consumer risk. Fair Isaac®Advisors, FICO’s consultancy arm, is working with ING Bank to define its credit risk strategies. ING Bank already uses FICO Blaze Advisor in some of its European operations.
“When we decided to offer unsecured loans, we wanted to partner with a firm that could not only supply the technology but help us carve out a competitive strategy that kept risk in check,” said Martin Halasz, retail credit risk manager at ING Czech, who is helping to manage this initiative. “FICO brings us 60+ years of experience in this area, as well as the most modern and flexible technology for automating and executing our credit risk strategy.”
“Banks today must be able to execute their strategies faster and at a lower cost to meet customer demands and compete with fintechs,” said Steve Hadaway, FICO general manager for Europe, the Middle East and Africa. “By combining FICO technology, analytics and counsel with their own platform and strategies, ING Bank will be able to manage their decisions at both a corporate and local level, and get started faster with new products and offers.”
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- EXCLUSIVE: “Zee Whizz! Adapting to a New Banking Generation” – Joud Zaumot, Mambu and Andrzej Szelemetko, GFT Technologies in ‘The Fintech Magazine’ Read more
MAPFRE is the Largest Multinational Insurance Company in Latin America
MAPFRE is the leading multinational insurance group operating in Latin America, with $10.932 billion in premiums, $133 million more than the previous year, and a market share of 5.1%.
African Development Bank Group’s Office of Integrity and Anti-Corruption Partners with Special Investigations Unit to Combat Financial Crime
The African Development Bank’s Office of Integrity and Anti-Corruption (PIAC) (www.AfDB.org) and the Special Investigations Unit (SIU) of South Africa have signed a Memorandum of Understanding establishing a framework for cooperation between the two organizations for information sharing and capacity building.
The 4th Edition of the Africa Fintech Forum to Shape the Future of Finance in Kenya on October 15
The 4th edition of the Africa Fintech Forum will take place on 15th October 2025 at the Pullman, Nairobi, Upper Hill, bringing together leaders, innovators, and policymakers from across the African financial technology ecosystem.
Prove Launches Global Identity Graph to Redefine Digital Trust for 90% of Digital Consumers
Prove, the global leader in digital trust, today announced the launch of the Prove Identity Graph, a foundational layer of Prove’s platform that enables enterprises to verify and recognize customers instantly, securely, and globally.
The Most Financially Excluded Pay More To Buy Stablecoins
With Financial Inclusion Week underway, Orbital – a global payment orchestration platform across stablecoins and traditional payment rails – has released its new Stablecoin Premiums Dashboard* which offers insights into stablecoin market data that reveals that the countries with the highest stablecoin premiums are those with populations that, on average, are more financially excluded.
Sumsub Named a Leader in IDC MarketScape for Worldwide Identity Verification in Financial Services 2025
Sumsub, a global verification and anti-fraud leader, today announced it has been named a Leader in the IDC MarketScape: Worldwide Identity Verification in Financial Services 2025 Vendor Assessment (doc # US52985325, September 2025). The report evaluates identity verification providers based on both current capabilities and long-term strategies, assessing how well vendors meet the needs of financial services organizations now and in the years ahead.
GoCardless Achieves Profitability
Bank payment company GoCardless has recorded its first EBITDA positive quarter on an adjusted basis*, operating in the black in the final three months of FY25 (April to June 2025). The result reflects strong cost discipline and a sustained growth trajectory, positioning the company for long-term financial sustainability.
Boku Deepens LATAM Commitment, Readies Merchants for Brazil’s Digital Payments Revolution via Pix
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MAPFRE is the Largest Multinational Insurance Company in Latin America
MAPFRE is the leading multinational insurance group operating in Latin America, with $10.932 billion in premiums, $133 million more than the previous year, and a market share of 5.1%.
African Development Bank Group’s Office of Integrity and Anti-Corruption Partners with Special Investigations Unit to Combat Financial Crime
The African Development Bank’s Office of Integrity and Anti-Corruption (PIAC) (www.AfDB.org) and the Special Investigations Unit (SIU) of South Africa have signed a Memorandum of Understanding establishing a framework for cooperation between the two organizations for information sharing and capacity building.
The 4th Edition of the Africa Fintech Forum to Shape the Future of Finance in Kenya on October 15
The 4th edition of the Africa Fintech Forum will take place on 15th October 2025 at the Pullman, Nairobi, Upper Hill, bringing together leaders, innovators, and policymakers from across the African financial technology ecosystem.
EXCLUSIVE: “Zee Whizz! Adapting to a New Banking Generation” – Joud Zaumot, Mambu and Andrzej Szelemetko, GFT Technologies in ‘The Fintech Magazine’
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Banks Embrace Core Banking Modernisation and Speedboat Strategies
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Prove Launches Global Identity Graph to Redefine Digital Trust for 90% of Digital Consumers
Prove, the global leader in digital trust, today announced the launch of the Prove Identity Graph, a foundational layer of Prove’s platform that enables enterprises to verify and recognize customers instantly, securely, and globally.