Banking group HSBC has adopted new business
analytics software from Experian-Scorex to help the lending
decisions of its global credit application processing
HSBC will implement the Strategy Management business rules
engine product to help staff consistently deploy scoring models,
portfolio segmentation, and other actions to improve risk
The software will help define techniques for making decisions about each
customer as they apply to new accounts.
"We undertook a rigorous evaluation of the business rules
engine market and identified Strategy Management as the solution
that met our criteria. In internal trials we were able to satisfy
ourselves that the solution would deliver more capability but
with a significant reduction in processing effort compared to its
rivals," senior manager, group credit and risk for HSBC, George
Lennox, said in a statement.
"Strategy Management will undoubtedly become an integral part
of our business and we expect that it will make more than 50
billion customer decisions annually for us as we roll it out
across our global business."