ILOG News
ILOG's Scorecard Modeler Advances Risk and Fraud Management Capability for Financial Services
The ILOG Scorecard Modeler includes support for complex (nested) scorecards, allowing for more accurate prediction of behavior and thus enabling better risk assessment and management.
Precise and Effective Decisions Achieved by Integrating Rules and Predictive Models
Scorecards are used by companies for attributing a 'score' to a customer or transaction which indicates the statistically predicted probability of a certain outcome. Scorecards are already widely used in finance and retailing for credit decisions, and for fraud detection in insurance. Many other industries are increasingly interested in using scorecards in situations where the difficulty of integrating scoring into automated decisions has previously discouraged the use of predictive models. Instead, many institutions have used ad hoc data sampling or relied on subjective assessments to set decision policies. By providing an accessible and easy-to-use tool for creating and maintaining scorecards that can be directly integrated with related business rules into a coherent decision service, ILOG Rule Studio Scorecard Modeler bridges the gap between predictive models developed with business intelligence tools, and operational decisions managed by ILOG BRMS — making for better decisions that can be transparently managed, updated, and audited.
"As a long-time user of JRules, Equifax was pleased to work with ILOG to define capabilities for ILOG Rule Studio Scorecard Modeler," said
Support for Complex Scorecards Provide Comprehensive Risk Assessment.
The Rule Studio Scorecard Modeler is one of the first BRMS products on the market to offer out-of-the-box support for complex scorecards. Prior to the availability of this feature, complex manual development of segmented scoring models was required to fully predict behavior and to form a complete assessment. For example, in a credit decision, separate scorecards may be needed to review an applicant, their spouse, or their type of employment or the history of similar transactions of applicants. The Rule Studio Scorecard Modeler complex scorecard feature can create scorecards that easily integrate the results of related scorecards into a final score as needed.
The ILOG Rule Studio Scorecard Modeler is available immediately. For more information, please visit http://jrules.ilog.com.
ILOG has consistently built on its history of product innovation to make it one of the industry's leading providers of business rules management system software. Customers of ILOG's award-winning BRMS products include eBay, Equifax,
About ILOG
ILOG delivers software and services that empower customers to make better decisions faster and manage change and complexity. Over 3,000 corporations and more than 465 leading software vendors rely on ILOG's market-leading business rule management system (BRMS), supply chain planning and scheduling applications and optimization and visualization software components, to achieve dramatic returns on investment, create market-defining products and services, and sharpen their competitive edge. ILOG was founded in 1987 and employs more than 850 people worldwide. For more information, please visit http://www.ilog.com.
ILOG, ILOG JRules and ILOG Rule Studio Scorecard Modeler are registered trademarks of ILOG S.A. and ILOG, Inc. All other company and product names are trademarks of their respective owners.
SOURCE ILOG
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