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Stock impact report

GXS Bank Achieves Remarkable Onboarding Efficiency Using FICO Platform [Yahoo! Finance]

Grab Holdings Limited (GRAB) 
Company Research Source: Yahoo! Finance
Highlights: GXS Bank is using FICO® Platform to make credit decisions in milliseconds and issue loans in under 3 minutes upon approval, for vast majority of customers GXS Bank is leveraging alternative data and FICO Platform's Intelligent Decisions capabilities to extend credit to applicants with thin to no credit history The implementation of FICO® Platform took just three months to complete GXS Bank has won a 2024 FICO® Decisions Award for Customer Onboarding & Management GXS Bank (GXS) , Singapore's first digital bank for consumers and businesses, is using the industry-leading capabilities of FICO® Platform to streamline its onboarding process for GXS FlexiLoan, its personal loan product. This has resulted in an onboarding time of under three minutes for the vast majority of approved GXS FlexiLoan applications. GXS uses FICO Platform to automatically generate credit decisions in milliseconds, executing complex policy rules that utilise traditional and alternative data, Show less Read more
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