Affinity Technology Group and Fair, Isaac Sign Joint Marketing Agreement.COLUMBIA, S.C.--(BUSINESS WIRE)--Nov. 17, 1998-- Fair, Isaac to Add Affinity Outsourced Services to its Current Offering of Decision-Making Solutions Affinity Technology Group, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :AFFI) and Fair, Isaac and Company, Inc. (NYSE NYSE See: New York Stock Exchange :FIC FIC First International Computer FIC Fogarty International Center (John E. Fogarty International Center for Advanced Study in the Health Sciences; National Institutes of Health) FIC Fellowship for Intentional Community ) today announced that the companies have signed a joint marketing agreement that will make Affinity's outsourced credit approval products for direct and indirect loans available with Fair, Isaac's current offering of decision-making solutions. "This agreement provides Affinity with access to Fair, Isaac's highly regarded sales team and customer base," said Paul Adams Paul Adams is the name of:
Al Sowden, senior vice president of Alliance Management of Fair, Isaac added, "Affinity's outsourced approach to loan application processing enables financial institutions to automate To turn a set of manual steps into an operation that goes by itself. See automation. their credit functions easily and quickly. For companies addressing the Year 2000 issue in their front-end systems, this service bureau offering provides a timely solution. Our SEARCH(TM) and ScoreWare tools, which implement our predictive models, are an integral component in Affinity's system." Affinity's technology enables financial institutions to link their dealers, branches, call centers, and Internet customers electronically to their credit departments, providing fully automated lending - and, if necessary, connectivity to a loan officer - through every channel. For financial institutions, Affinity's solutions expedite ex·pe·dite tr.v. ex·pe·dit·ed, ex·pe·dit·ing, ex·pe·dites 1. To speed up the progress of; accelerate. 2. loan decisioning and processing and increase productivity and capacity of branch personnel, call center agents, loan officers, and indirect agents, while improving the overall customer experience. Affinity is located on the World Wide Web at www.affi.net. Fair, Isaac (www.fairisaac.com) helps businesses worldwide maximize the value of data to make more profitable decisions about their customers, operations and portfolios. Known for its pioneering work in credit scoring Credit scoring A statistical technique that combines several financial characteristics to form a single score to represent a customer's creditworthiness. and its use of data in transaction-level decisions, Fair, Isaac now delivers data management services, analytics, software and consulting to the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , direct marketing, personal lines insurance, retail, and healthcare industries. Headquartered in San Rafael, California San Rafael (IPA: /ˌsænrəˈfɛl/; originally IPA: [sɑn rɑfeˈɛl]), is the county seat of Marin County, California, United States. , Fair, Isaac employs 1,500 people in 17 offices worldwide. For the fiscal year ending September 30, 1998, the company reported revenues of $245.5 million, a 23 percent increase over the prior year. For more information, contact Fair, Isaac at 1-800-999-2955. NOTE TO INVESTORS AND EDITORS: Affinity's press releases are available on the Internet through Business Wire's web site at http://www.businesswire.com. The releases are also available at no extra charge through Business Wire's Company News-On-Demand fax service at 1-800-340-7544. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion