SAN JOSE, Calif., May 30, 2013 /PRNewswire/ -- FICO (NYSE: FICO), a leading predictive analytics and decision management software company, today announced that One Place Capital, a division of Bank Midwest, is using the cloud-based FICO® LiquidCredit® service to speed equipment financing decisions for medical, dental and veterinary practices. The FICO solution enables One Place Capital to accelerate the approval of credit applications in minutes, not days, and improve the satisfaction of the medical equipment vendors it works with as well as practitioners. (Logo: http://photos.prnewswire.com/prnh/20111010/CG83314LOGO) One Place Capital is using the FICO LiquidCredit platform with the FICO® Small Business Scoring ServiceSM (SBSSSM) solution, which includes predictive models built specifically to assess small business credit risk. With this solution, One Place Capital can offer faster decisions to medical, dental and veterinary practitioners through process automation and instant risk assessment. "It used to take a day and a half to make a financing decision before FICO LiquidCredit — today we can make that decision in 15 minutes," said Scott Stewart, President at One Place Capital. "This agility makes us more efficient, more profitable, and more valuable to our Healthcare equipment vendor partners, clearly helping them reduce their sales cycles." "The health care business moves at a very fast clip, and demand for credit from medical practices is intense," said Bill Waid, general manager, Americas at FICO. "Using FICO LiquidCredit, One Place Capital can respond to this demand with credit offers closely tailored to each applicant's needs, thereby supporting its customers' growth along with One Place Capital's own growth and competitive strength." The FICO ® LiquidCredit ® service -- a cloud-based automated origination platform -- is used by hundreds of lenders to accurately decision and price credit offers. Combined with the FICO ® Small Business Scoring Service ®, it gives lenders greater flexibility when lending to small businesses by drawing on multiple data sources and more than 100 combinations of consumer and business risk scoring models. About One Place Capital One Place Capital has strong roots in the Midwest with over 35 years of market experience and offers a unique blend of personal service and competitive equipment financing nationwide. Through partnerships with equipment vendors and direct relationships with office-based practitioners, One Place Capital specializes in equipment financing for physicians, dentist and veterinarians. The company is a division of Bank Midwest, an employee-owned financial institution with assets of $675 million. Serving communities in Minnesota and Iowa for nearly a century, Bank Midwest offers a full-service financial portfolio providing bank, insurance and wealth management services. About FICO FICO (NYSE:FICO) delivers superior predictive analytics solutions that drive smarter decisions. The company's groundbreaking use of mathematics to predict consumer behavior has transformed entire industries and revolutionized the way risk is managed and products are marketed. FICO's innovative solutions include the FICO® Score — the standard measure of consumer credit risk in the United States — along with industry-leading solutions for managing credit accounts, identifying and minimizing the impact of fraud, and customizing consumer offers with pinpoint accuracy. Most of the world's top banks, as well as leading insurers, retailers, pharmaceutical companies and government agencies, rely on FICO solutions to accelerate growth, control risk, boost profits and meet regulatory and competitive demands. FICO also helps millions of individuals manage their personal credit health through www.myFICO.com. FICO: Make every decision count™.