FICO and LigaData Partner to Help Telecommunications Firms in Africa, Middle East, Asia Add New Revenue Streams

Two firms are offering solutions for lending using decision management and mathematical optimisation technology

FICO and LigaData Partner to Help Telecommunications Firms in Africa, Middle East, Asia Add New Revenue Streams
FICO and LigaData Partner to Help Telecommunications Firms in Africa, Middle East, Asia Add New Revenue Streams

DUBAI and JOHANNESBURG, 28 August 2023 – Global analytics software provider FICO today announced a partnership with LigaData to bring advanced decision management and optimization tools to telecommunications firms in Africa, the Middle East and Asia. LigaData and FICO 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.

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.

“Our partnership with FICO will give communications service providers new tools to expand and compete in a data-driven marketplace,” said Bassel Ojjeh, CEO of LigaData. “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.”

“By combining our world-class decision management and optimisation tools with LigaData’s world-class Data Fabric platform, we can help telecommunications providers in their transformation from Telcos to TechCos and serve new digital services customer segments with confidence,” said Alexandre Graff, vice president of Global Partners & Alliances at FICO. “Together we plan to also help communications service providers grant loans in emerging markets, making it easier for consumers while increasing the digitization of the economy.”

LigaData is recognised as a leading big data solutions provider in the MEA region, serving more than 30 communications service providers. FICO was named Best Technology Provider for Data Analytics at the 2022 Credit Awards, and a leader among top providers in “The Forrester Wave™: AI Decisioning Platforms, Q2 2023” report.

About LigaData

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LigaData of Silicon Valley is a Telecom and Mobile Financial Services solutions provider specializing 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. LigaData’s software solutions and services are used by over 30 mobile network operators, supporting over 350 million subscribers around the world to extract greater value from their existing infrastructure by enabling new and enhanced data-driven revenue-generating services.

Learn more at https://ligadata.com/.

About FICO

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FICO (NYSE: FICO) powers decisions that help people and businesses around the world prosper. Founded in 1956, the company is a pioneer in the use of predictive analytics, AI and data science to improve operational decisions. FICO holds more than 215 US and foreign patents on technologies that increase profitability, customer satisfaction and growth for businesses in financial services, manufacturing, telecommunications, health care, retail and many other industries. Using FICO solutions, businesses in nearly 120 countries do everything from protecting 2.6 billion payment cards from fraud, to improving financial inclusion, to increasing supply chain resiliency. The FICO® Score, used by 90% of top US lenders, is the standard measure of consumer credit risk in the US and other countries, improving risk management, credit access and transparency. Learn more at fico.com.

Learn more at https://www.fico.com

FICO is a registered trademark of Fair Isaac Corporation in the U.S. and other countries.

Media Contacts

For FICO:

Nichollars Khoza, Njabulo Mnisi or Angela Moabelo

[email protected]

[email protected]

[email protected]

[email protected]

For LigaData:

[email protected]

[email protected]