| [March 31, 2004] |
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France's BANQUE POPULAIRE GROUP Uses Fair Isaac Rules Management Technology to Help Drive Basel II Compliance
SAN RAFAEL, Calif. --(Business Wire)-- March 31, 2004 -- 19 Banque Populaire regional banks take advantage of rapid deployment and flexibility of Blaze Advisor-based technology
Fair Isaac Corporation (NYSE:FIC), the leading provider of analytics and decision technology, today announced that BANQUE POPULAIRE GROUP, one of France's top five banking groups, has implemented Fair Isaac Blaze Advisor rules management technology as a key part of its Basel Capital Accord (Basel II) compliance strategy.
The adoption of Blaze Advisor allows BANQUE POPULAIRE GROUP to rapidly configure, deploy and maintain business rules as decision-making components in its automated applications. Specifically, the Group utilizes Fair Isaac's advanced rules management software to develop effective risk management processes for calculating capital requirements and performing data quality assurance for its consumer and business portfolios. Nineteen of Banque Populaire Group's 23 member retail banks have chosen to implement the Blaze Advisor-based solution to prepare for compliance with the Accord's capital requirements.
The Group is committed to a rapid implementation of Basel II requirements for risk management, said Bernard Gouraud, IT Director for BANQUE POPULAIRE GROUP. Fair Isaac's business rule technology serves as a foundation for rebuilding our risk evaluation techniques and methodologies on a global basis, ensuring that the Group and its member banks will be fully prepared to quickly and effectively respond to forthcoming Basel II regulations.
Blaze Advisor brings measured, real ROI to BANQUE POPULAIRE GROUP by allowing greater business agility, lower programming costs, easier maintenance, more visibility into and control over how business decisions are being made, and better consistency in carrying out the best actions for any business condition. The Group estimates that the adoption of Fair Isaac's rules management technology has helped cut programming time by 30 percent during the development phase of the project compared to conventional programming approaches. Blaze Advisor also is expected to reduce programming time for future updates and maintenance by 50 to 75 percent.
With close to a half-century of experience helping clients improve credit risk management, Fair Isaac is uniquely qualified to help banks prepare to comply with the New Basel Accord, said Robert Duque-Ribeiro, vice president of International Sales for Fair Isaac. Blaze Advisor affords Banque Populaire the ability to develop and update complex risk management applications quickly and without programming delays or interruption to their operational decisions. And the solution's extraordinary flexibility will allow them to easily make modifications as international regulations evolve.
Basel II, developed to enhance the stability of global financial systems, redefines the methodology institutions use for calculating capital reserves, making these calculations more sensitive to risk. Credit grantors like Banque Populaire are actively preparing now for the January 1, 2007 implementation deadline, when the Accord is set to go into effect. The implementation of best practice credit and operational risk management techniques will play a key role in helping lenders achieve competitive advantages in capital calculations and requirements.
Because sophisticated risk management is core to Fair Isaac's business, the company's solutions and services help clients achieve regulatory compliance in France, in Europe and throughout the world.
About Blaze Advisor
Blaze Advisor allows business-level policymakers to formalize and centrally store their policies, practices, and procedures as sets of rules specifying what actions should be taken in any business situation. Complex decision processes can be modeled with decision process flows, indicating which rules should be considered under different circumstances. Rules can be thoroughly analyzed, tested, and documented in the development environment before being deployed to almost any production environment. The software runs on all major operating systems and hardware platforms and is currently available in 10 major European and Asian languages.
Fair Isaac will offer demonstrations of its Blaze Advisor technology as well as comprehensive discussions on new Basel II implementation directions at next month's InterACT conference in Prague, Czech Republic, April 27-30. For more information on Fair Isaac's annual forum on business analytics and its applications, visit www.fairisaac.com/interact.
About BANQUE POPULAIRE GROUP
The BANQUE POPULAIRE GROUP blends the Banque Populaire network of local banks with Natexis Banques Populaires, the financing, investment banking and service bank and the listed entity in the Group. The Group's unique development model, reflecting its three dimensions--cooperative, federal and listed-company, sets it apart from other banks. The cooperative dimension is provided by the 21 Banque Populaire regional banks, CASDEN Banque Populaire and Credit Cooperatif, which are the shareholders of Banque Federale des Banques Populaires, the Group's central body and holding company for Natexis Banques Populaires. The Group forges long-term relationships with clients, in France and abroad.
About Fair Isaac
Fair Isaac Corporation (NYSE: FIC) is the preeminent provider of creative analytics that unlock value for people, businesses and industries. The company's predictive modeling, decision analysis, intelligence management, decision management systems and consulting services power billions of mission-critical customer decisions a year. Founded in 1956, Fair Isaac helps thousands of companies in over 60 countries acquire customers more efficiently, increase customer value, reduce fraud and credit losses, lower operating expenses and enter new markets more profitably. Most leading banks and credit card issuers rely on Fair Isaac solutions, as do insurers, retailers, telecommunication providers, healthcare organizations and government agencies. Through the www.myfico.com Web site, consumers use the company's FICO(R) scores, the standard measure of credit risk, to manage their financial health. For more information, visit www.fairisaac.com.
Statement Concerning Forward-Looking Information
Except for historical information contained herein, the statements contained in this press release that relate to Fair Isaac, including statements regarding its Blaze Advisor software offering, and the benefits to be derived from this offering, are forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including any unforeseen technical difficulties related to the implementation, use and functionality of the offering, the risks that customers will not perceive material benefits from the offering, failure of the products to deliver the expected results, the possibility of errors or defects in the offering, regulatory changes applicable to the use of consumer credit and other data, and other risks described from time to time in Fair Isaac's SEC reports, including its Annual Report on Form 10-K for the year ended September 30, 2003, and quarterly report on Form 10-Q for the period ended December 31, 2003. Forward-looking statements should be considered with caution. If any of these risks or uncertainties materializes or any of these assumptions proves incorrect, Fair Isaac's results could differ materially from Fair Isaac's expectations in these statements. Fair Isaac disclaims any intent or obligation to update these forward-looking statements.
Fair Isaac and FICO are trademarks or registered trademarks of Fair Isaac Corporation, in the United States and/or in other countries. Other product and company names herein may be the trademarks of their respective owners.
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