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News & Views

FICO powers Slovakian bank

Slovakia’s largest commercial bank, Slovenská sporiteľňa, is now using Decision Optimizer ( FICO’s advanced AI-powered optimization to increase profitability and improve the management of its cash loan portfolio.

“As a digital banking leader in Slovakia we are looking forward to this cooperation,” says Zdeněk Románek, member of the Board of Directors of Slovenská sporiteľňa responsible for retail banking.  “We value not only the power of the FICO optimization algorithms and software but the way they will enable our data scientists and our portfolio management team to collaborate on designing, executing and managing new strategies for the business.”

“Slovenská sporiteľňa, as the lending leader in Slovakia, is advancing the use of mathematical optimization to transform lending,” adds Steve Hadaway, EMEA general manager for FICO.  “This is the application of advanced data science to navigate a universe of possible strategies and identify the most successful, based on multiple constraints and objectives.  For a complex lending market like the one today, optimization has become an essential tool.”

FICO® Decision Optimizer, part of the FICO® Platform (, supports the entire lifecycle of designing, developing, executing and deploying decision optimization technology.  Its advanced decision impact modelling, simulation and optimization techniques allow lenders to discover better decision strategies that balance trade-offs between cost, risk and reward, while also factoring in economic and market conditions.
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