Yapi Kredi Will Use FICO Platform for Asset Governance and Regulatory Compliance

Rhea-AI Summary

FICO announced that Yapi Kredi, one of Turkey's largest private banks, will implement FICO® Decision Central™ to enhance its analytics management and decision-making processes. This initiative aligns with Yapi Kredi's System of Intelligence strategy, aiming to improve analytics and data pipeline efficiency. Decision Central will allow Yapi Kredi to govern its analytical assets effectively, ensuring regulatory compliance and optimizing model development lifecycles.

Positive

• Yapi Kredi to enhance analytics management through FICO Decision Central.
• Implementation supports Yapi Kredi's System of Intelligence vision.
• Decision Central promotes regulatory compliance and effective decision-making.

Negative

• None.

ISTANBUL, Jan. 6, 2021 /PRNewswire/ -- Analytics software firm FICO today announced that Yapi Kredi, one of the largest private banks in Turkey, will use FICO^® Decision Central™ to manage analytics models and decision logic across the enterprise. This is part of Yapi Kredi's System of Intelligence vision and roadmap to seamlessly conduct and orchestrate smarter analytics and data pipelines and enhance AI / machine learning lifecycle management. FICO Decision Central enables businesses to capture models and other decision assets so that they can be reused, modified and improved over time.

More information: http://www.fico.com/en/products/fico-decision-central 

"We position FICO Decision Central as the management layer of our System of Intelligence initiative, which aims to improve the accuracy of each and every decision we take across the bank," said Hakan Yilmaz, Yapi Kredi's Chief Data Officer. "With Decision Central, we will not only have full control and visibility over our complete set of analytical assets, but we can also make full and efficient use of our assets through a best-of-breed governance practice over the entire model development lifecycle."

"Businesses increasingly invest in analytics to make better decisions, but managing those analytics, and the decisions, is critical to making this investment pay off," said Emre Unlusoy, who manages FICO's operations in Turkey. "Yapi Kredi understands the value of monitoring and managing every component that goes into making a decision. This investment will contribute not only to the quality of the bank's decisions, but also to its ability to demonstrate regulatory compliance of every decision and every model."

FICO^® Decision Central™, part of the FICO^® Platform, enables the most effective decision governance, minimizes risk, facilitates a continuous learning and improving loop, and promotes collaboration across the enterprise. The software can be used to manage the complete model lifecycle, from project proposal to development, deployment, maintenance and evolution, all the way to retirement. Granular reporting and adequate controls satisfy the most demanding regulatory compliance requirements, flexibly adjusting to new regulations, ratings policies, capital requirements, and financial and accounting reporting standards.

About FICO
FICO (NYSE: FICO) powers decisions that help people and businesses around the world prosper. Founded in 1956 and based in Silicon Valley, the company is a pioneer in the use of predictive analytics and data science to improve operational decisions. FICO holds more than 195 US and foreign patents on technologies that increase profitability, customer satisfaction and growth for businesses in financial services, telecommunications, health care, retail and many other industries. Using FICO solutions, businesses in more than 100 countries do everything from protecting 2.6 billion payment cards from fraud, to helping people get credit, to ensuring that millions of airplanes and rental cars are in the right place at the right time.

Learn more at https://www.fico.com

FICO and Decision Central are trademarks or registered trademarks of Fair Isaac Corporation in the U.S. and other countries.

 

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SOURCE FICO

FAQ

What is FICO Decision Central?

FICO Decision Central is an analytics management platform that helps businesses manage models and decision logic effectively.

How will Yapi Kredi benefit from FICO's platform?

Yapi Kredi will enhance its analytics management and regulatory compliance through FICO Decision Central.

When did FICO announce the partnership with Yapi Kredi?

FICO announced the partnership on January 6, 2021.

What is the significance of FICO's technology for businesses?

FICO's technology aims to improve operational decisions and ensure regulatory compliance across various industries.

What are some features of FICO Decision Central?

Features include governance over analytical assets, lifecycle management of models, and compliance reporting.