SAM Corporate Offers FICO’s Advanced Decision Science to Middle East and India

Rhea-AI Summary

FICO partners with SAM Corporate to offer advanced decision management solutions to businesses in financial services and insurance in India and the Middle East, leveraging FICO's decision management technology and omnichannel communication tools.

Market Research Analyst

The partnership between FICO and SAM Corporate is indicative of the growing demand for advanced decision management solutions in the financial services and insurance sectors. With the integration of FICO's decision science tools and SAM Corporate's regional expertise, businesses in India and the Middle East could see enhanced customer engagement through personalized experiences.

From a market perspective, this collaboration could lead to increased market penetration for FICO in these regions, potentially boosting its revenue growth. For SAM Corporate, leveraging FICO's established technology might translate into competitive differentiation. The focus on personalization and real-time customer communication aligns with the broader industry trend towards customer-centric business models, which have been shown to foster customer loyalty and potentially increase lifetime value.

Financial Analyst

Analyzing the financial implications, FICO's partnership with SAM Corporate could have a positive impact on their financial performance. By tapping into the burgeoning markets of India and the Middle East, FICO is positioning itself to capture a segment with high growth potential. Financial services and insurance are sectors with significant reliance on data analytics for risk assessment, fraud detection and customer service optimization, which suggests a strong demand for FICO's offerings.

Investors might view this move as a strategic expansion that could enhance FICO's earnings in the future. The success of such partnerships often hinges on the effective integration of technologies and the adaptability of solutions to local market needs. If successful, it could lead to sustained revenue streams from new clients and an improved market share in these regions.

Technology Implementation Specialist

From a technology implementation standpoint, the success of this partnership largely depends on the seamless integration of FICO's advanced analytics into the existing systems of businesses in the targeted regions. The adaptability of FICO's decision management technology to local market conditions and the ability to deliver real-time, omnichannel communication are key factors that could determine the effectiveness of these solutions.

Moreover, the ability to handle vast data sets and provide mathematical optimization could empower businesses to make more informed decisions. This could lead to operational efficiencies, reduced costs and improved risk management, ultimately impacting the bottom line positively. The technical expertise of SAM Corporate will be important in customizing and deploying these solutions to meet the specific needs of businesses in the Middle East and India.

Partnership will bring advanced decision management solutions to businesses in financial services and insurance

BOZEMAN, Mont. & DUBAI, United Arab Emirates--(BUSINESS WIRE)-- Analytics software provider FICO has partnered with SAM Corporate, one of the largest providers of fintech solutions in the Middle East, to bring advanced decisioning capabilities to businesses in India and the Middle East. SAM Corporate is developing solutions using FICO’s industry-leading decision management technology, omnichannel communication tools and mathematical optimization software to help businesses in financial services and insurance deliver razor-sharp personalization that improves profitability and the customer experience.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240319020855/en/

“FICO has the most matured and powerful decision science tools in the industry,” said Dr. Sunil Kumar K, co-founder and managing director of SAM Corporate. “We are fusing their global expertise with our deep understanding of local markets to provide Middle East and Indian firms with best-of-breed solutions for decision analytics. These include the critical function of customer communications in real time, through the customer’s preferred channel, to maximize customer interactions.”

“To compete today, businesses must make sharper decisions based on the exponentially larger sets of data available,” said Alexandre Graff, SVP of Global Partners & Alliances at FICO. “SAM Corporate has the expertise to help them use our technology to make better decisions a competitive edge. This is good for the businesses but also for consumers, who can experience faster decisions and hyper-personalized service.”

About SAM Corporate

SAM is one of the largest providers of fintech solutions in the Middle East, with over 30 insurance companies as customers and another 40+ enterprise clients. SAM provides independent advice on solutions for ESG, financial consolidation, budgeting & planning, IFRS9, IFRS16, and IFRS17. In addition, SAM provides solutions for AML, KYC, ALM, treasury, and Basel reporting. SAM Group operates via its own offices in UAE, UK, India and sister companies and partners in rest of the world. A Symbiotic Ecosystem ensures that the requirements for budgeting, consolidation and other financial processes of our clients are met with the help of companies within the group. This ensures seamless deliveries and improved value for clients. Learn more at https://www.samcorporate.com/.

About FICO

FICO (NYSE: FICO) powers decisions that help people and businesses around the world prosper. Founded in 1956, the company is a pioneer in the use of predictive analytics and data science to improve operational decisions. Using FICO solutions, businesses in more than 100 countries do everything from protecting 2.6 billion payment cards from fraud, to improving financial inclusion, to increasing supply chain resiliency. The FICO^® Score, used by 90% of top US lenders, is the standard measure of consumer credit risk in the US and other countries, improving risk management, credit access and transparency. Learn more at www.fico.com.

FICO is a registered trademark of Fair Isaac Corporation in the US and other countries.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240319020855/en/

FICO UK PR Team

Wendy Harrison/Parm Heer

ficoteam@harrisonsadler.com

0208 977 9132

SAM Contact

SAM Marketing team

touchbase@samcorporate.com

+97144225663

Source: FICO

What does the partnership between FICO and SAM Corporate aim to achieve?

The partnership aims to provide advanced decisioning capabilities to businesses in India and the Middle East in the financial services and insurance sectors.

Who is SAM Corporate?

SAM Corporate is one of the largest providers of fintech solutions in the Middle East.

What technology is SAM Corporate using from FICO?

SAM Corporate is utilizing FICO's industry-leading decision management technology, omnichannel communication tools, and mathematical optimization software.

How will the partnership benefit businesses?

The partnership will help businesses deliver personalized customer experiences, improve profitability, and make sharper decisions based on large sets of data.