Telenor Digital selects StatSoft’s STATISTICA Decisioning Platform® for global credit risk management projects

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(PR NewsChannel) / January 29, 2014 / TULSA, Okla.  

telenorStatSoft® announced today that Telenor Digital has selected STATISTICA Decisioning Platform for its global risk analysis solution.

Driven by its mission to bring modern communication infrastructures to customers worldwide, Telenor Digital has embarked on a new goal to provide flexible credit instruments and opportunities to heretofore under-banked customers. For this purpose, Telenor Digital evaluated leading analytic software platforms available on the market to supply the critical capabilities for modeling, model management, model deployment and compliance reporting.

Important requirements included the analytic platform’s ability to accommodate diverse regulatory and physical constraints of deployment, great flexibility with respect to interoperability with other systems and easy deployment to virtual and cloud environments. After a careful review, Telenor chose StatSoft’s STATISTICA Decisioning Platform to meet these challenges, while providing a proven and robust solution capable of supporting a dynamically growing enterprise.

Dr. Thomas Hill, Vice President for Analytic Solutions at StatSoft, Inc., remarked, “We are excited to have this opportunity to deploy our Decisioning Platform to Telenor Digital, and to support Telenor Digital’s continuous drive toward delivering new opportunities to new customers. Government regulated financial services demand the highest quality components, most stringent documentation and validation, and advanced capabilities, not only around analytics but also security, version control, and audit logs. Working for more than a decade in this domain, StatSoft has developed a deep understanding of these requirements, and a mature platform to meet them.”

The initial installation of STATISTICA Decisioning Platform was completed at the end of 2013.
  Telenor Group is an international provider of tele, data and media communication services. Telenor Group has mobile operations in 12 markets in the Nordic region, Central and Eastern Europe, and in Asia, as well as a voting stake of 42.95 percent (economic stake 33 percent) in VimpelCom Ltd., operating in 17 markets. Headquartered in Norway, Telenor Group is one of the world’s major mobile operators with more than 160 million mobile subscriptions in its consolidated operations per Q2 2013, revenues in 2012 of NOK 102 billion, and a workforce of nearly 34,000.


StatSoft, Inc., was founded in 1984 and is now one of the world’s largest providers of analytics software, with 30 offices around the globe and more than one million users of its STATISTICA software. StatSoft’s solutions enjoy an extremely high level of user satisfaction across industries, as demonstrated in the unprecedented record of top ratings in practically all published reviews and large, independent surveys of analytics users worldwide. With its comprehensive suite of STATISTICA solutions for a wide variety of industries, StatSoft is a trusted partner of the world’s largest organizations and businesses (including most of the Fortune 500 companies), providing mission-critical applications that help them increase productivity, control risk, reduce waste, streamline operations, achieve regulatory compliance, and protect the environment.

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SOURCE:  StatSoft

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