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Fair Isaac Corporation (FICO) delivers essential analytics solutions powering credit scoring and risk management worldwide. This dedicated news hub provides investors and professionals with timely updates on FICO’s strategic initiatives, financial performance, and industry leadership.
Access authoritative coverage of earnings reports, product innovations, and regulatory developments shaping the financial technology sector. Our curated collection ensures you stay informed about critical announcements including fraud detection advancements, credit model updates, and enterprise software enhancements.
Bookmark this page for streamlined access to FICO’s official communications and third-party analysis. Return regularly to monitor how the company continues influencing lending practices and data-driven decision-making across global markets.
Naomi Palmer, a fraud consultant at FICO, received the silver award for ‘Team Player of the Year’ at the Women in Credit Awards 2022 held on September 21 in London. With seven years of experience in the UK credit industry, Palmer has positively impacted over 40 FICO clients worldwide, enhancing fraud management systems. Her expertise includes developing fraud detection rules that help banks navigate complex regulatory environments and adapt to new payment challenges.
FICO has announced its independent judging panel for the 2023 FICO Decisions Awards, which recognizes businesses utilizing analytics and decision management technology for improved outcomes. Nominations are open until October 28, 2022, across ten categories including AI, Machine Learning, and Fraud Management. The winners will be revealed on January 26, 2023, during FICO World in Hollywood, Florida, on May 16-19, 2023. FICO aims to honor significant contributions from diverse global leaders in various industries.
FICO will host a free financial education webinar titled 'Score A Better Future' on
FICO (NYSE: FICO) announced that SIMAH has won the 2022 FICO® Decisions Award for its efforts towards financial inclusion in Saudi Arabia. The introduction of the FICO® Score has allowed millions of Saudis to access loans since its launch in 2011. SIMAH's collaboration with lenders and consumer education initiatives have improved credit access, demonstrating a positive impact on financial inclusion. The FICO® Score's predictive capabilities have enabled lenders to expand their portfolios by accurately assessing borrowers, allowing them to tap into previously underserved markets.
FICO has been awarded eleven new patents focusing on fraud, AI/ML, and digital decisioning, increasing its portfolio to 208 active patents and 83 pending applications. These patents enhance FICO's technologies for ethical AI and machine learning, aimed at improving decision-making systems. Innovations include advanced fraud detection methods and analytics solutions integrated into their product offerings like FICO® Falcon® Fraud Manager and FICO® Siron® Anti-Financial Crime Solutions. FICO continues to solidify its position as a leading AI innovator in the financial services sector.
The 2021 European Fraud Map by FICO shows that the UK continues to lead in fraud loss reductions, achieving a net decrease of £49 million, a 9% drop year-on-year. Despite a 32% increase in card threat levels, only four out of 18 studied countries improved their performance. The report highlights a rise in Authorised Push Payment (APP) fraud, with losses amounting to £583.2 million. Denmark and Sweden report the highest percentage declines in fraud losses, while the Netherlands faces an 18% increase. Overall, the downward trend in card fraud indicates a positive shift in fraud management strategies.
The latest analysis from FICO indicates that the national average FICO® Score remains unchanged at 716, marking a significant shift in consumer credit behavior as it is the first year without an increase. Factors contributing to this stability include a rise in missed payments, higher consumer debt levels, and an increase in new credit acquisitions. FICO plans to keep monitoring trends affecting credit risk, particularly in light of current inflation and economic conditions.
FICO invites nominations for the 2023 FICO® Decisions Awards, celebrating outstanding use of AI and decision management by its customers. Submissions are due by October 28, 2022, across ten categories including AI, Fraud Management, and the new Pioneer Award. Winners will be announced on January 26, 2023, during FICO® World in Hollywood, Florida, from May 16-19, 2023. A panel of independent judges will evaluate entries based on innovation and measurable impact in key metrics.
FICO (NYSE:FICO) reported third fiscal quarter 2022 revenues of $349 million, up from $338 million year-over-year. Net income was $93.5 million ($3.61 per share), significantly lower than $151.2 million ($5.18 per share) in the prior year, which included a $92.8 million pre-tax gain from a sale. Non-GAAP net income increased to $115.7 million ($4.47 per share). The company recorded strong performance with 9% growth in Software Annual Recurring Revenue (ARR) and reaffirms fiscal 2022 guidance of $1.355 billion in revenue.
FICO (NYSE:FICO) will announce its third quarter fiscal 2022 results on August 3, 2022, post-market hours. The company is recognized for its predictive analytics and decision management software. A conference call is scheduled for the same day at 5:00 p.m. Eastern Time, which will be webcast live on the FICO Investor Relations website. FICO continues to leverage its extensive patent portfolio to drive growth and profitability across industries, including financial services and healthcare.
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