Card Briefs: CorpGroup of Venezuela Installs Fair, Isaac System

The Latin American financial conglomerate CorpGroup has become one of the first in its region to install Fair, Isaac & Co.'s Strategyware decision support system, Fair, Isaac announced.

CorpGroup is putting the account origination software to work in credit card and consumer installment lending.

Carlos Auszenker, head of risk management at CorpGroup, said the system fosters a "customer-centric" rather than "product-centric" view of portfolios. Strategyware "will empower our analysts with comprehensive decision-making tools to become more customer-focused."

CorpGroup, which has ambitious plans to provide a wide variety of financial services throughout Latin America, includes a banking division that consists of CorpBanca and Banco del Orinoco in Venezuela, CorpBanca in Argentina and Chile, and Corfinsa and Financiera Cordell in Chile.

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