Welcome to our dedicated page for Fair Isaac news (Ticker: FICO), a resource for investors and traders seeking the latest updates and insights on Fair Isaac stock.
Fair Isaac Corporation (FICO) (NYSE: FICO) generates a steady stream of news related to analytics software, credit scoring, fraud management, and decisioning technology. As the company behind the FICO Score and a range of analytics and optimization products, FICO regularly issues updates on financial results, product enhancements, strategic partnerships, and industry insights.
News about FICO often includes quarterly and annual earnings announcements, where the company reports performance across its Scores and Software segments and discusses trends in recurring revenue, cash flow, and segment metrics. These releases provide context on how its scoring and software businesses are evolving over time.
Product and technology updates are another key theme. Recent communications have highlighted advances in FICO Xpress Optimization, such as GPU-accelerated algorithms using NVIDIA CUDA-X libraries to speed up very large optimization problems. FICO also publishes information on enhancements to fraud detection tools like FICO Falcon Fraud Manager and on decisioning capabilities within its platform.
FICO’s news flow also covers partnerships and ecosystem developments. Examples include collaborations with Plaid on the next-generation cash flow UltraFICO Score, alliances with firms such as GFT Technologies on smart finance and risk management, and agreements with mortgage industry participants like Xactus, Cotality, and Ascend Companies under the FICO Mortgage Direct License Program. These stories illustrate how FICO’s technology is integrated into broader financial and risk-management infrastructures.
In addition, FICO releases market commentary and benchmark data, such as its UK Credit Card Market Reports, which analyze trends in spending, balances, and missed payments using data derived from FICO solutions. Investors, analysts, and industry professionals can use this news page to follow developments in FICO’s business, technology roadmap, and role in global credit and risk analytics.
FICO (NYSE:FICO) reported a strong fourth fiscal quarter ending September 30, 2022, with revenues of $348.7 million, up from $334.6 million a year prior. Net income rose to $90.7 million or $3.55 per share, compared to $85.7 million or $3.00 per share last year. The company’s Non-GAAP net income was $112.5 million, with EPS at $4.40. Guidance for fiscal 2023 estimates revenues of $1.475 billion and EPS of $16.00. CEO Will Lansing emphasized strong year-end performance and resilience amid market turbulence.
Summary not available.
FICO's Chief Analytics Officer, Dr. Scott Zoldi, received the prestigious “Future Thinking” award at the Business of Data Awards Gala on October 10 in Boston, MA. This accolade acknowledges his contributions to innovation in data analytics and AI. Dr. Zoldi highlighted FICO’s commitment to Responsible AI, focusing on ethical and auditable decision-making systems. FICO has over 100 analytic patent applications, including a recent blockchain-based AI model management governance application, reinforcing its leadership in the industry.
FICO (NYSE:FICO) will release its fourth quarter fiscal 2022 results on November 9, 2022, after market close. A conference call is scheduled for the same day at 5:00 p.m. Eastern Time. Shareholders and the public can access the call via FICO’s website and a replay will be available through November 9, 2023. FICO specializes in predictive analytics and decision management, holding over 200 patents. The company serves clients in various industries, enhancing decision-making across financial services, healthcare, and retail sectors.
Summary not available.
The Federal Housing Finance Agency (FHFA) has approved the use of FICO® Score 10 T by Fannie Mae and Freddie Mac for conforming mortgages. This new score enhances predictive power for lenders, potentially increasing mortgage originations by up to 5% and reducing default risk by 17%. FICO Score 10 T utilizes trended credit bureau data, providing a historical view of credit management. This advancement aims to improve lending decisions while maintaining stability in scoring criteria.
FICO reports inconsistent consumer behavior in the UK credit card market during summer 2022, showcasing a 14% year-on-year increase in average sales. The average total sales were £790 in June and July, rising to £810 in August. However, missed payments show a concerning trend with a steep increase in cardholders missing multiple payments, suggesting financial distress among consumers. Cash sales on credit cards surged by 6.7% in June, highlighting dependence on credit. Lenders are advised to engage with consumers showing signs of financial difficulty.
FICO (NYSE:FICO) has approved a new stock repurchase program allowing up to
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.