# FICO Provides Decisioning Platform for Smartphone-Only buddybank in Italy Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2016-09-20 Category: TECHNOLOGY Category URL: https://financedigest.com/category/technology Meta Title: FICO to Power UniCredit's buddybank Launch in Italy Meta Description: Learn about UniCredit's buddybank, a project exclusively for smartphones, launching in early 2017 with FICO's Decision Management Suite for credit URL: https://financedigest.com/fico-provides-decisioning-platform-for-smartphone-only-buddybank-in-italyhtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/business-man-hand-hold-touc-1736844496231-compressed.jpg) _UniCredit will launch buddybank in early 2017 in Italy_ **HIGHLIGHTS:** - FICO is providing the decision management platform for **UniCredit’sbuddybank**, a project bank for smartphone users only - buddybank’s [platform](https://www.financedigest.com/esg-in-finance-fico-platform-helps-hoist-finance-make-debt-resolution-97-greener.html "ESG in Finance: FICO Platform Helps Hoist Finance Make Debt Resolution 97% Greener ") is based on the **FICO® Decision Management Suite**, and will be used to manage originations, customer management, collections and fraud decisions - buddybank is scheduled for a **January 2017 launch** Analytic [software firm FICO today announced it is providing the decision management](https://www.financedigest.com/calibration-management-software-market-to-witness-exponential-growth-by-2030-end-tmr-study.html "Calibration Management Software Market to Witness Exponential Growth by 2030 End | TMR Study") **platform** for UniCredit’sbuddybank, a bank project exclusively designed for smartphones. Scheduled to launch in early 2017 in Italy, buddybank will use the [FICO® Decision Management Suite](http://www.fico.com/en/analytics/decision-management-suite) to instantly verify customers and manage credit decisions in originations, customer management, collections and fraud. “We evaluated providers that [offered systems](https://www.financedigest.com/fingerprints-and-tag-systems-collaborate-to-offer-contactless-biometric-payment-cards-globally.html "Fingerprints™ and Tag Systems collaborate to offer contactless biometric payment cards globally") for each segment of the customer lifecycle, but FICO offers not just products but expertise across the lifecycle,” said **Angelo D’Alessandro, buddybank founder at UniCredit**. “FICO is a partner that is committed to our goals of [providing the best service](https://www.financedigest.com/can-companies-minimise-their-dependency-on-cloud-service-providers.html "Can companies minimise their dependency on cloud service providers?") to our customers, and will help us launch buddybank on time and on budget. FICO’s decision [management technology](https://www.financedigest.com/the-advanced-wound-management-technologies-market-to-grow-based-on-customized-digitization.html "The Advanced Wound Management Technologies Market to grow based on customized digitization") is part of what will make buddybank the most innovative new lifestyle bank.” UniCredit’s buddybank will offer **[current accounts](https://www.financedigest.com/coffee-current-accounts-and-the-commoditisation-conundrum.html "Coffee, current accounts and the commoditisation conundrum"), credit/debit cards and contextual and instant personal loans**, as well as a 24/7 concierge service, accessible via chat and phone, that can help with everyday tasks such as restaurant reservations, taxi booking and travel planning. UniCredit, a leading [European commercial bank operating](https://www.financedigest.com/stellantis-reshuffles-european-financing-operations-through-new-jvs-with-banks.html "Stellantis reshuffles European financing operations through new JVs with banks") in 17 countries, is targeting the break-even point within three years. Following the launch in Italy, UniCredit will explore launching buddybank in the [United States](https://www.financedigest.com/united-states-to-account-for-30-of-global-reinforced-thermoplastic-pipes-market-demand-through-2031.html "United States to Account for 30% of Global Reinforced Thermoplastic Pipes Market Demand Through 2031"), and other countries in Europe. “UniCredit’s buddybank represents the next stage for [mobile](https://www.financedigest.com/why-you-should-use-a-mobile-banking-app-and-how-to-make-the-most-of-it.html "Why You Should Use a Mobile Banking App – and How to Make the Most of It") banking,” said **Steve Hadaway, FICO’s general manager for Europe, the Middle East and Africa**. “For start-ups like this, having one integrated decision [management solution](https://www.financedigest.com/quality-and-compliance-management-solution-market-to-rise-at-a-high-cagr-of-9-4.html "Quality and Compliance Management Solution Market to rise at a high CAGR of 9.4%") not only enables a quick launch, it provides the best way to make customer-level credit decisions and deliver a superior customer experience.” The **FICO® Decision Management** [Suite 2.0 provides an easy way for customers](https://www.financedigest.com/how-brands-can-adapt-marketing-tactics-to-better-suit-customers-changing-shopping-habits.html "How brands can adapt marketing tactics to better suit customers’ changing shopping habits") to evaluate, customise, deploy and scale state-of-the-art analytics and decision management solutions. It allows customers to quickly [integrate FICO and FICO partner decision management](https://www.financedigest.com/power-management-integrated-circuit-pmic-market-is-projected-to-grow-at-6-4-during-2021-2028.html "Power Management Integrated Circuit (PMIC) Market is projected to grow at 6.4% During 2021-2028") tools and components with their own components, helping organisations of all sizes realise the promise of advanced analytics and decision management via cost effective, scalable cloud and on-premises solutions. --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---