Home » Tag Archives: FICO

Tag Archives: FICO

FICO Relocates Headquarters to Silicon Valley

New headquarters provide global analytics software leader with a hub for innovation and development in San Jose, Calif. FICO (NYSE: FICO), the leading provider of predictive analytics and decision management technology, today announced that it has relocated its corporate headquarters to San Jose, Calif. from Minneapolis. The new headquarters will serve as an innovation and development hub in the heart ... Read More »

FICO Introduces Expanded Analytic Service to Speed Small Business Lending

Lenders can access FICO Small Business Scoring Service 7.0 models in the cloud through FICO LiquidCredit FICO (NYSE: FICO), a leading provider of predictive analytics and decision management technology, today announced the availability of FICO® Small Business Scoring ServiceSM (SBSSSM) solution version 7.0, which brings expanded data and analytics to small business lending. This new version of the small business ... Read More »

FICO Acquires CR Software, a Leading Provider of Collections and Recovery Solutions to Multiple Industries

Expands footprint across multiple industries with enterprise-class collections and recovery solutions FICO (NYSE: FICO), a provider of analytics and decision management technology, today announced it has acquired CR Software, LLC, a leading provider of enterprise-class collections and recovery solutions for credit issuers, government organizations, collection agencies, retailers, healthcare providers and other enterprises.  The transaction has closed, and terms are not ... Read More »

FICO Full Year Fiscal Revenues up 9%

FICO (NYSE: FICO), a provider of analytics and decision management technology, announced financial results for its fourth fiscal quarter ended September 30, 2012. Fourth Quarter Fiscal 2012 Results: Net income for the quarter totaled $21.2 million, or $0.60 per share, versus $24.6 million, or $0.64 per share, reported in the prior year period. The current quarter results include $3.3 million, ... Read More »

FICO Joins Initiative to Launch SaaS-Based Fraud Management Platform for Spain and Portugal

FICO (NYSE:FICO) announced its participation in a SaaS-based platform created to fight credit fraud in Spain and Portugal.  The platform has been developed by CONFIRMA Sistemas de Informacion, a company formed with SIGNE and private investors, with FICO as a minority investor. The fraud platform is scheduled to be available in January 2013. The fraud platform aims to help lenders ... Read More »

Cyber Security Awareness: Where Should Awareness Start?

Start with grasping the significance:  Most people know the terms — malware, spam, virus, trojan, denial of service, phishing, etc. and so may be deluded into thinking they know how these scams work.  In fact,  the techniques used in cybercrime represent levels of sophistication far beyond the grasp of most people and too many businesses. So how is cyber security ... Read More »

FICO Again Ranked Among Top 25 Global Financial Technology Providers by American Banker, Bank Technology News and IDC Financial Insights

FICO (NYSE: FICO) announced that it has been named one of the Top 25 Global Financial Technology Companies in FinTech, a special report from American Banker, Bank Technology News and IDC Financial Insights.  FICO has now been included in the FinTech 100 nine years in a row, underscoring the company’s consistent growth and contributions to banking and insurance.  FICO makes ... Read More »

Equifax and FICO Launch New Risk Score in UK

Equifax and FICO have launched a new risk score to identify which UK consumers can handle more credit. FICO, a provider of analytics and decision management technology, has teamed up with Equifax to create a new tool called FICO Credit Capacity Index, which is built on Equifax’s risk score, Risk Navigator 4. The results of initial analysis have shown that ... Read More »

FICO: Putting Some “Wow” Into the War on Fraud

Coming hot on the heels of the announcement of FICO’s acquisition of Adeptra, the Asia Pacific Heads of Fraud conference in Phuket recently featured a demonstration of how FICO and Adeptra solutions bring new power to the fight against fraud. More than 20 banks from places as diverse as India, China, Malaysia, Indonesia and Viet Nam met with international fraud and contact management ... Read More »

FICO: Smart Ideas About Enterprise Fraud from the Asia Summit

Fraud experts from major Asian institutions met in Phuket where they heard from some of FICO’s leading fraud consultants and scientists from around the world, as well as some of the delegates’ most experienced peers from around the Asia Pacific region, about latest fraud trends and best practice in detection and prevention. Delegates heard how FICO’s differentiated enterprise strategy — ... Read More »

FICO Awarded Seven Patents for Predictive Analytics and Decision Management Technology

FICO Labs team members receive patents for innovations in healthcare insurance fraud detection, decision management and credit scoring FICO (NYSE: FICO) announced that it has been awarded seven patents by the U.S. Patent and Trademark Office, bringing its patent portfolio to 128 U.S. and foreign patents.  These patents were awarded to FICO Labs team members for inventions underlying FICO’s industry-leading ... Read More »

FICO: Enterprise Fraud More Critical than Ever

Enterprise fraud management is more critical than ever, given the continued evolution of fraud attacks and the new emphasis on fraud protection as a customer service differentiator.  Better fraud management, ultimately, will make a bank more attractive to customers. And that’s no joke.  To read the full story click on the link below. Source:  FICO Banking Analytics Blog Read More »

Research Shows Spikes in US Card Fraud

FICO has released new research from its FICO® Falcon® Fraud Consortium in the US.  It revealed some intriguing credit and debit card fraud trends in the data snapshot we studied, from January 2010 to September 2011. Online, mail and telephone order fraud grew at twice the rate of counterfeit fraud. Fraudsters are clearly exploiting the growth of online shopping, and the fact ... Read More »

The Chip and Sophisticated Fraud Prediction Systems Reducing Payment Card Fraud in Europe

According to the latest FICO banking analytics blog, 25 years ago, European payment card fraud losses were at 15 basis points.  Chances are that the actual numbers were considerably higher, since fraud reporting had not developed to the level it is today.   Since then, commercial payment card volume has increased ten-fold.  Such growth is usually accompanied by an increase in ... Read More »

FICO Acquires Adeptra, Adding Real-Time, Mobile Customer Engagement and Risk Intervention Capabilities to Decision Management Applications

FICO announced it has entered into a definitive agreement to acquire Adeptra Ltd., a leader in cloud-based customer engagement and risk intervention solutions based in Reading, UK and Norwalk, Connecticut. Adeptra’s SaaS (software as a service) platform enables leading financial services institutions and other businesses to take advantage of the explosion in mobile communication in order to manage risk, fight ... Read More »

FICO Reports 7% Revenue Growth for 3rd Quarter Ending June 30th 2012

FICO reported revenues of $160.5 million for the third quarter (ending June 30th 2012) as compared to $150.7 million reported in the prior year period, an increase of 7%.   Net income for the quarter totaled $20.7 million, or $0.59 per share, versus $23.2 million, or $0.58 per share, reported in the prior year period. Applications revenues, which include the company’s ... Read More »

Device Takeover…. The Rise of the Machines

To inform risk-based decisions, banks are adopting ever more sophisticated means of determining whether the device location and characteristics are reflective of what they would expect from the consumer.  For example, is the IP address showing as coming from Eastern Europe whilst the consumer is supposedly in the UK?  Or is the language setting on the device set to something ... Read More »