We have a huge appetite for India talent

India is expected to be one of the top markets in terms of revenue in the next few years for United States-based data and analytics company Fair Isaac Corporation, better known as Fico, says WILL LANSING, chief executive officer (CEO). In a video interview with Peerzada Abrar, Lansing, who is based in California, says the firm is not only scaling up its operations in the country by hiring talent and building innovations but also providing technology to some of the largest banks. Edited excerpts:

- WILL LANSING

India is among the fastest-growing fintech markets in the world, and the market size is expected to grow from $584 billion in 2022 to $1.5 trillion by 2025. What are the opportunities you are seeing in India?

We are excited about the Indian market. We've been involved in India for a long time—since the early 2000s—with our technology center in Bengaluru. We have 3,700 employees, but a third of those employees are in Bengaluru. We build our software there.

What are the partnerships you are forming with Indian banks and institutions?

One example is AU Small Finance Bank. It has automated 30 percent of its vehicle-loan decisions leveraging the Fico platform. Loan delivery is faster and accuracy is greater. AU Bank is focused on financial inclusion and it has ways to assess rural customers and farmers who don't have traditional credit histories.