Analytics and decision management technology provider FICO has teamed up with Savvis to deliver FICO’s Debt Manager service in the cloud for lenders and collection agencies. Savvis provides cloud infrastructure and hosted IT services for enterprises.
Although IT decision makers continue to cite security concerns as an obstacle toward cloud adoption, more financial businesses are migrating toward cloud-based services for other benefits associated with cloud, according to Matthew Dixon, FICO’s IT director.
“The financial world is moving more toward cloud-based services as they recognize that cloud-based service providers have built deep experience and expertise in providing the highest levels of security over the years and as such, they can very often be more confident in an external provider who has this as their primary consideration,” Dixon said in an interview with TMCnet. “This was also a significant factor in our decision to partner with Savvis, along with their global footprint, high levels of service availability, service quality and market leadership.”
FICO Debt Manager changes the collection and recovery processes for credit card accounts, secured and unsecured loans, mortgages and deposit/current accounts with adaptive control capabilities and an architecture that aligns with business needs, Dixon said. Built using a Service Oriented Architecture, FICO Debt Manager allows lenders of all sizes to implement the platform with multiple configuration options and work in public, private and hybrid cloud environments... Read More
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