UK Financial Services Group Will Use SPSS for Predictive Analytics

Predictive analytics software provider SPSS Inc. said yesterday that Alliance & Leicester Plc, one of the leading financial services organizations in the United Kingdom, has implemented SPSS for its credit risk management operations. Alliance & Leicester Plc is a member of the FTSE 100 index.

Chicago-based SPSS said its technology reduces time-consuming programming tasks and will allow Alliance & Leicester's credit risk department focus on its key objective of managing credit risk.