FICO announced the completion of an assignment project with China Minsheng Banking Corp. Ltd., to help strengthen the bank's small and micro business loan portfolio and ensure Basel II compliance. The project entailed the development of robust risk models covering every phase of the retail lending lifecycle, as well as an analytics-powered risk management system to help meet Basel II requirements.

The FICO team worked with the bank to develop and implement scoring models that will enable the bank to make accurate and consistent evaluations of credit risk at every stage from application through collection, and ultimately grow its portfolio more profitably. The models can also support the bank's retail credit card and consumer loan business. At the same time, FICO helped develop a system that will improve the bank's ability to quantify and control risk, as called for by the Basel II accord and China's central banking regulators.