China UnionPay Data Services (CUP Data) and FICO have announced an agreement to offer the industry-standard credit account and customer management solution to banks across China.

Through this partnership, CUP Data will offer FICO® TRIAD® Customer Manager, along with FICO’s proven analytics for risk and collections, at the point of processing, improving risk management and profitability while eliminating the up-front investments of time and money normally associated with software, hardware and implementation.

FICO® TRIAD® Customer Manager enables banks to maximize revenues and minimize losses across multiple lines of business by accurately predicting risk and automating targeted treatments. It also allows them to develop more effective competitive strategies that strike the right balance between risk management and customer satisfaction, using breakthrough strategy design and visualization capabilities.

In addition to being able to implement FICO TRIAD Customer Manager and analytics at the point of processing, CUP Data subscribers can choose to participate in a data consortium to gain additional valuable analytic insight. The benefits of this can be significant, as evidenced by the reduction in fraud losses experienced by banks participating in the FICO Fraud Consortium.

CUP Data, a subsidiary of China UnionPay Company Ltd., provides transaction processing, disaster recovery and other services for banks and bankcard issuers in China.

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