Global analytics software provider FICO has announced a partnership with telecom and mobile financial services solutions provider LigaData to bring advanced decision management and optimisation tools to telecommunications firms in Africa, the Middle East and Asia.
LigaData and FICO say they will offer hybrid-cloud and SaaS decision-as-a-service solutions that communications service providers can use to increase revenues, decrease costs, and expand their digital and mobile financial services offerings.
Founded in 1956, FICO is described as a pioneer in the use of predictive analytics, AI and data science to improve operational decisions. LigaData specialises in AI-driven solutions, products and services for communications service providers, enabling them with actionable insights and data-driven decisioning through a real-time, low-TCO, hybrid-multi-cloud data fabric.
Solutions offered by the two firms include mobile lending, price optimisation, collections optimisation, subscriber segmentation, and fraud detection solutions for communications service providers, with the aim of adding new revenue streams and expanding financial inclusion in emerging markets.
Bassel Ojjeh, CEO of LigaData, says: “Our partnership with FICO will give communications service providers new tools to expand and compete in a data-driven marketplace.” He continues: “In addition, we will be bringing to market new solutions that can help communications service providers serve the large number of unbanked and underbanked communities in Africa, the Middle East, and Asia.”
Alexandre Graff, vice president of Global Partners & Alliances at FICO, adds: “Together we plan to also help communications service providers grant loans in emerging markets, making it easier for consumers while increasing the digitisation of the economy.”