ABLE Platform’s team replaced the decision-making module in a full service bank. The requirements for the new system are:
1. Performance: up to 20,000 processed requests per hour.
2. Ability to directly integrate with external data sources.
3. Changing decision-making rules without the IT department’s involvement.
4. Ability to directly integrate with external data sources.
5. Response time:
Our client—further referred to as the Bank—is a large full-service European bank. It provides a wide range of products and services to retail and corporate clients.
Our client discovered that their existing decision-making module (DMM) had a number of drawbacks. They made modifications and the support of loan decision-making strategies complicated. (For further details see “Troubleshooting the Bank’s Issues”).
It was necessary to replace the decision-making system because its drawbacks significantly decreased the Bank’s competitiveness.
The Bank selected solutions from three vendors—SAS, Experian, and FICO—leaders in the decision-making software market. Due to multiple successful project implementations, ABLE Platform was recommended by FICO as a participant in a close bid to represent its products.
The Bank’s experts carefully scrutinized tender participants’ history to choose the best one for the project. In addition, all participants had to provide relevant references from banks with similar implementation cases.
ABLE Platform’s team used a seeing is believing approach to impress the bank with our competitiveness. The Bank’s representatives were invited to our previous client with the same BRMS implemented by our team.
Seeing the positive results of FICO® Blaze Advisor deployment in action, the Banks’ management decided to implement an analogous module of the decision-making system.
A thorough examination of the Bank’s existing decision-making module discovered numerous flaws. They included:
Together with the main decision-making module—FICO® Blaze Advisor—we additionally offered FICO® Application Studio (FASt) for building an integration layer and application routing. ABLE Platform’s team also offered the component of our software solution ProcessMix—Decision Module Companion (DMC) as a tool for testing strategies.
FICO® Blaze Advisor didn’t need to be advertised to the Bank. It was known to the Bank’s risk management team as a powerful tool for the development and execution of decision-making strategies. Its deployment allowed ABLE Platform to fulfill the following requirements of the Bank:
FICO® Application Studio (FASt) was deployed into the Bank’s IT infrastructure to perform the following functions:
DMC was not on the to-do list. But our experts showed the module in action as an efficient and simple strategy testing environment. This impressed the Bank’s management greatly. They decided to add DMC as the desired option as well.
There were 4 main stages to the Bank’s system renovation:
Decision-making module replacement allowed ABLE Platform to fulfill all the project’s goals. The load test of the system displayed the following performance figures:
The Bank’s team was satisfied both with the implemented product and cooperation with ABLE Platform’s team.