Czech retail bank Ceska Sporitelna has selected FICO optimization tools and methodologies to improve the portfolio profit for its cash loan range.

FICO’s strategies will provide enhanced offers relating to lending amount and price for both existing and new clients. The Czech bank plans to begin testing the new strategy this summer.

Ceska Sporitelna head of risk Petr Kapoun said the new solution enables the bank to further strengthen its position by adapting offerings to meet customers’ individual needs.

"The FICO solution convinced us because it uses comprehensive simulations that show the effect of different strategies on KPIs, providing insights into the profit drivers of our portfolios," Kapoun added

Among the FICO’s tools selected by Ceska is FICO Decision Optimizer, a flexible, easy-to-use business analyst tool that provides an offline scenario analysis and optimization environment that can quickly output decision strategies ready for implementation into the bank’s existing systems.