Silicon Valley analytics software firm Fico has expanded to Chile with the launch of a new office in Santiago, where it intends to serve clients in Argentina, Uruguay, Bolivia, and Paraguay.
Reputed as one of the pioneers of data analytics, Fico helps businesses analyze consumer behavior with big data solutions and mathematical algorithms. It also offers fraud combating, regulatory compliance, and business optimization services.
“Chile is the ideal country to serve as our base for customer support in this region,” said Alexandre Graff, Fico’s vice president and general manager for Latin America. “Chile’s stable political climate and economic momentum make it the ideal place for us.”
Most of its clients belong to sectors like financial services, health, insurance, and telecommunications. They include Spanish banking group Santander, Dell, BMW, and Citi to name a few.
The company claims that six of Chile’s top eight banks and four of the top six retailers are its clients.
“Chileans are people who love innovation, and analytics-based decisions are the wave of the future,” said Nardy.
The Silicon Valley firm says that its technology solutions have helped people in more than 100 countries protect themselves from fraud payment cards.
Fico has an alliance with Capgemini to market its risk and fraud management products in North America. It is not clear if they have extended this partnership to Latin America, where the French firm has significant presence.