Analytics and decision expert of management
technology FICO is teaming up with China Minsheng Banking
Corporation (CMBC) to provide Basel II compliance consulting,
analytic services and support.

The new scheme is part of CMBC’s plans to
focus on micro businesses by using data based risk management tools
and analytics through testing existing grading models as well as
designing new grading models for application, transaction and
collection in micro businesses.

“This initiative will allow CMBC to improve
its risk management while reducing capital requirements, thereby
freeing up capital to fuel additional growth,” said Zhao
Jichen, a member of the Basel II Implementation Steering
Committee of CMBC.

Dan McConaghy, president and general manager
of FICO Asia Pacific, further added that Basel II compliance
is critical for healthy and sustainable retail credit industry to
emerge in China. He said: “True to its reputation as an innovative
industry leader, CMBC has taken a big step in embracing advanced
risk assessment tools and analytics.”

FICO is currently working with 11 of the top
banks in China to mitigate credit risk, profitably grow portfolios,
adapt to regulatory change and mitigate fraud risk.

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By GlobalData