Edcon Live with Fair Isaac Originations Decisioning Technology

Cape Town, South Africa ? Edcon, Africa’s largest fashion retail group, has successfully implemented Fair Isaac decisioning technology within its retail credit applications processing department.

Fair Isaac has developed a range of Enterprise Decision Management software that can integrate predictive models, strategies and business rules into complex decisioning applications. This offers business users the tools to design and test account origination strategies, which can be developed for implementation in any environment. This technology is highly flexible, and with rapid strategy implementation, it has now become a clear market leader for organisations in the credit granting arena.

Edcon plans to maximise the flexibility of the software and the new strategies and business decisions will streamline the current applications processing work flow and increase the sophistication and range of credit granting.

Ian Wood, Group Financial Services Executive at Edcon, states, “We have enjoyed a close working relationship with PIC Solutions for a number of years and their specialists provided us with the skills and expertise to implement the decisioning system successfully. As the first retailers in Africa to use this system we can ensure we maintain our competitive edge. We look forward to the benefits of using this exciting new decisioning software as we improve our business decisions and marketing strategies.”

Dave Lewis, Director of Consulting at PIC Solutions, adds, “This project builds upon our successful ongoing relationship with Edcon and we are pleased to be part of implementing this leading decision system. Our risk management consulting team will continue to work closely with Edcon, to ensure that the pay back from their investment in this leading-edge decision system is maximised. This type of decisioning technology offers businesses in any industry the flexibility to tailor automated decisions to their own expert criteria and rules.”