Wednesday, April 13, 2011

Zoot Partners With Analytics Firm

Bozeman, Montana-based Zoot, a developer of software used for credit decisions and loan origination by financial firms, said today that it has partnered with ID Analytics, a provider of analytics data to the financial industry. According to Zoot, the move will help provide its financial institution customers with a way to more effectively analyze risk when opening new accounts. Financial details and arrangements between the firms were not disclosed. ID Analytics provides a fraud score and credit score to help detect fraud and appropriate credit lines for banks.