# Basisbank Will Manage Risk and Accelerate Digital Transformation with FICO Technology
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2018-03-22
Category: TECHNOLOGY
Category URL: https://financedigest.com/category/technology
Meta Title: Danish Online Lender Enhances Risk Management with FICO
Meta Description: Basisbank in Denmark uses FICO® Blaze Advisor® for quick changes to credit strategies, increases profitability, and reduces risk in online lending.
Tags: featured
Tag URLs: featured (https://financedigest.com/tag/featured)
URL: https://financedigest.com/basisbank-will-manage-risk-and-accelerate-digital-transformation-with-fico-technologyhtml

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_Leading Danish online lender will gain flexibility and control over risk exposure_

Highlights:

- **Basisbank**, an online lender in Denmark, will control credit risk and accelerate its digital transformation using FICO® Blaze Advisor® decision rules management system
- Basisbank risk analysts will be able to **quickly make changes to credit** [strategies for unsecured consumer loans and point-of-sale financing](https://www.financedigest.com/personal-finance-strategies-for-saving-and-investing.html "Personal finance: strategies for saving and investing")
- **FICO Blaze Advisor** is part of the groundbreaking FICO® Decision Management Suite for building and deploying decision management applications

**Basisbank**, an online lender in Scandinavia, will control credit [risk and accelerate its digital transformation using FICO decision management](https://www.financedigest.com/strategies-banks-use-to-manage-liquidity-risk.html "Strategies Banks Use to Manage Liquidity Risk") technology, analytic software provider FICO announced today. With FICO® Blaze Advisor® decision rules management system, Basisbank risk analysts will be able to quickly make changes to credit strategies for unsecured consumer loans and point-of-sale financing in order to increase [profitability](https://www.financedigest.com/early-detection-of-mismatched-trades-is-key-to-managing-risk-and-maximizing-profits-on-the-pl-desk.html "EARLY DETECTION OF MISMATCHED TRADES IS KEY TO MANAGING RISK AND MAXIMIZING PROFITS ON THE P&L DESK") and reduce the risk of loans going unpaid. Basisbank receives more than 75 percent of its credit [applications from mobile devices](https://www.financedigest.com/signalling-device-market-competitive-growth-strategies-based-on-type-applications-end-user-and-region.html "Signalling Device Market Competitive Growth Strategies Based on Type, Applications, End User and Region").

“As a fintech, we need to be fast and responsive to customer demands, while maintaining strong [risk](https://www.financedigest.com/improving-risk-management-in-the-insurance-industry.html "Improving risk management in the insurance industry") management,” said **Morten Larsen, head of Business Development at Basisbank**, which is based in Copenhagen. “We [need to give our risk](https://www.financedigest.com/21690.html "BRIGHTON, England (Reuters) – Britain needs to be more “clear-eyed” about the risks") analysts the maximum flexibility to make changes quickly, not wait in a queue for IT to make changes. In our review of the market, FICO [provided the most powerful](https://www.financedigest.com/french-cloud-provider-ovh-lines-up-diesel-generators-to-offset-potential-power-cuts.html "French cloud provider OVH lines up diesel generators to offset potential power cuts") and flexible solution, and also has the greatest expertise in financial services.”

“Basisbank is seen as a leader in the Danish [fintech](https://www.financedigest.com/2021-and-the-fintech-market-bonanza.html "2021 and the fintech market bonanza") market,” said **Steve Hadaway, general manager for FICO in Europe, the Middle East and Africa**. “For tech-savvy players like this, the old generation of lending platforms are too slow and inflexible. The cutting-edge power of FICO Blaze Advisor is perfect to help them grow in a profitable **and sustainable fashion.”**

**FICO® Blaze Advisor® decision rules** [management system](https://www.financedigest.com/guide-to-choosing-a-digital-asset-management-system.html "Guide to Choosing a Digital Asset Management System") gives businesses maximum control over high-volume operational decisions. Blaze Advisor provides companies with a scalable solution that delivers unprecedented agility and actionability for smarter business decisions. FICO Blaze Advisor is part of the groundbreaking FICO® Decision Management Suite for building and deploying decision management applications.


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