Microforum Completes Development with Fair, Isaac to Power ASP Initiative
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[Toronto, CANADA] - Microforum Inc. has completed its ASP development contract incorporating its CALMS(TM) solution into Fair, Isaac & Company, Inc.'s LiquidCredit, a Web-based application service provider (ASP) solution that provides credit grantors the ability to make instant credit decisions online. The LiquidCredit solution is the next generation of Fair, Isaac's credit origination platform which is used by more than 800 institutions around the world.
The CALMS credit adjudication solution by Microforum provides the application processing and workflow capabilities delivered as part of the LiquidCredit Web-based credit decisioning solution, which includes Fair, Isaac's analytics, decisioning technology, and ASP infrastructure.
Forrester Research anticipates a 74% increase in the amount of credit granted on the Internet this year, and estimates that by 2003 more than $160 billion in consumer credit will be extended online.
Tom Grudnowski, president and chief executive officer of Fair, Isaac said, "Companies can now access Fair, Isaac's decision support instantly, using the Internet, without the effort and expense of software or model implementation making this solution the next generation of profitable customer acquisition."
Microforum Inc. provides a range of electronic commerce, financial services, Internet strategy and database services. It is headquartered in Toronto, with offices in Halifax, Chicago, San Francisco, and Seattle.