FICO has been expanding its business in the Nordics, working with important regional banks including EnterCard, Gjensidige and Nordea. The company helps these firms and others use advanced analytics to fight fraud, manage customers and improve collections.FICO (NYSE:FICO) announced it is opening an office in Stockholm, Sweden. At a launch event on April 14, Wayne Huyard, executive vice president for Sales, Marketing and Services, will speak about the growing trend toward precision decisioning that is driving demand for predictive analytics solutions in the Nordics and across the globe.
FICO’s principal solutions for Nordic firms include Big Data analytics, decision management tools, and applications for fraud control, debt management, customer originations, customer management and customer communications. The firm also provides a range of professional services offerings, delivered by consultants with in-country experience.
“Our solutions bring value to many industries, and we are expanding beyond the banking sector to businesses in such areas as ecommerce and retail,” said Steve O’Malley, regional director for FICO’s operations in the Nordics and the UK. “For example, we are now doing analytics work for the online retailer 3C Retail.”
FICO sales in Europe, the Middle East and Africa grew by 19 percent in the company’s fiscal 2014.
The Stockholm office is part of the network of global FICO offices. The firm’s European offices include its regional headquarters in the UK, as well as offices in Germany, Italy, Lithuania, Russia, Spain, and Turkey.