German online retailer chooses FICO Model Builder to improve scorecards for new customersÂ’ purchases

German online retailer chooses FICO Model Builder to improve scorecards for new customers’ purchases

Neckermann.de, a leading German online and mail-order company, has selected FICO Model Builder to develop and optimise scorecards for its new customers.

The retailer offers customer service and flexible payment methods, allowing new customers the option of purchasing on account or by instalments. The company will use FICO Model Builder to develop several scorecards that will precisely estimate the credit risk for these orders, in order to rapidly process customer orders while at the same time managing risk.

Impressive performance and usability

“We are deeply impressed by the outstanding performance and usability of FICO Model Builder,” said Maximilian Fervers, neckermann.de head of finance. “The solution enables us to build new models within a very short period of time. In addition, the tool fits perfectly into our system environment and seamlessly integrates with our customer management system. We have worked with FICO for about 20 years now, and we are very satisfied with the performance of their solutions and the collaboration with their team."

The provider said its predictive analytics modelling tool combines industry breakthroughs in scorecard development functionality with a highly visual interface and 64-bit certification to solve very large modelling problems, reducing model deployment costs by as much as 75%, while shortening time-to-value and improving model return on investment (ROI).