U.S. Bancorp has signed a deal with Cary-based SAS to reduce the cost and improve the scoring of in reviewing new credit applications and other existing accounts.
Terms of the deal were not disclosed. A press release mentions that both companies have worked together in the past.
In that statement Ellen Joyner, worldwide strategist for financial services at SAS, says: “U.S. Bancorp recognizes that SAS Credit Scoring provides critical intelligence capabilities to address a specific business need in the banking industry. Their risk managers can mitigate credit losses which directly affects their organization’s bottom line.”