# Georgia’s TBC Bank Slashes Loan Decision Time with FICO Solution
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2016-10-11
Category: BANKING
Category URL: https://financedigest.com/category/banking
Meta Title: TBC Bank Speeds Up Credit Decisions with FICO
Meta Description: TBC Bank uses FICO® Origination Manager to drastically reduce credit decision times from a day to 15 minutes, enhancing customer satisfaction.
URL: https://financedigest.com/georgias-tbc-bank-slashes-loan-decision-time-with-fico-solutionhtml

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**HIGHLIGHTS:**

- TBC Bank has deployed FICO® Originations Manager to make lending decisions
- The time needed to make credit decisions and disburse money has been cut from a day to 15 minutes
- TBC [Bank was named the Best Bank in Georgia for 2016 by Global Finance magazine](https://www.financedigest.com/artificial-intelligence-in-banking-magazine.html "Artificial Intelligence in Banking Magazine")

[**TBC Bank**](http://www.tbcbank.ge/web/en/web/guest/personal-banking) **, a leading universal Georgian bank**, has substantially reduced the time needed to make decisions on credit applications, using software from analytic software firm FICO. TBC Bank, which recently installed [FICO® Origination Manager](http://www.fico.com/en/products/fico-origination-manager) 4.5, announced that it has cut credit decisions and disbursement down from a day to 15 minutes.

“In today’s digital world, it’s very [important to be agile and to reflect the changes](https://www.financedigest.com/plaque-disclosing-aids-market-important-changes-in-industry-dynamics-during-2022-2028.html "Plaque Disclosing Aids Market Important Changes in Industry Dynamics during 2022-2028") in the market,” said **Giorgi Alibegashvili, strategic project manager in TBC Bank**. “FICO Origination Manager is [giving us a competitive advantage](https://www.financedigest.com/how-automation-gives-fs-leaders-a-competitive-advantage.html "How automation gives FS leaders a competitive advantage"), because we can develop and deploy new functionality very quickly. From changing workflows to plugging in new channels to deploying new strategies, we are moving much faster, which is definitely increasing customer satisfaction in our branches.”

TBC Bank, which serves over 1.7 million customers, wanted the most [advanced technological](https://www.financedigest.com/the-diabetic-socks-market-to-prove-its-servility-to-technological-advancements.html "The Diabetic Socks Market To Prove Its Servility To Technological Advancements") partners to upgrade their IT infrastructure, but that’s not all. “During our selection process, the most important criteria for us were experience and trust,” Alibegashvili reported. “FICO is a highly trustworthy company and, along with their platform, they bring tremendous experience as a [credit scoring](https://www.financedigest.com/benefits-of-a-good-credit-score.html "Benefits of a good credit score") pioneer.”

TBC Bank, has been Awarded “Best Bank in Georgia” for 12 of the [last 14 years](https://www.financedigest.com/uk-new-car-sales-rise-in-january-full-year-sales-to-top-last-year-smmt.html "UK new car sales rise in January, full-year sales to top last year – SMMT") (24 awards in total) from various prestigious international publications such as Global Finance, Euromoney, Banker and EMEA Finance.

“TBC Bank is using [advanced technology](https://www.financedigest.com/banks-deploy-ai-3-major-technological-advances.html "Banks Deploy AI – 3 Major Technological Advances            ") to pursue its goal of being the biggest bank in Georgia,” said Steve Hadaway, FICO’s general manager for Europe, the Middle East and Africa. “We are working closely with them to bring global best practices in banking to their operation, and help them provide [superior customer](https://www.financedigest.com/the-importance-and-growth-of-banking-ecosystems-to-create-superior-customer-experiences-and-value.html "The importance and growth of banking ecosystems to create superior customer experiences and value") service.”

FICO® Originations [Manager delivers the power](https://www.financedigest.com/power-management-integrated-circuit-pmic-market-research-report-2022-global-forecast-till-2028.html "Power Management Integrated Circuit (PMIC) Market Research Report 2022 – Global Forecast till 2028") to **make more precise, value-based decisions** at the origination stage, enabling credit grantors to grow more profitable portfolios while managing customer-level risk. Built on a platform using service-oriented architecture principles, it minimises IT dependence and ongoing maintenance requirements.


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