Fair Isaac Corp Stock Price, News & Analysis

FICO has partnered with Ligalytics, a sports scheduling company, to utilize FICO® Xpress Solver for optimizing sports league schedules. This technology aids several top European sports leagues and recently expanded to the U.S., working with The Basketball League. FICO offers a comprehensive suite of analytics software, enhancing decision-making across industries. Ligalytics aims to improve scheduling fairness and viewer engagement through advanced algorithms, significantly reducing runtime challenges. FICO's cloud-based platform supports various industries, leveraging over 195 patents for operational excellence.

FICO (NYSE: FICO) will host a free online financial education event for Memphis consumers on February 24, 2021, as part of its Score A Better Future program. This initiative aims to enhance consumers' understanding of their credit and financial health, showcasing the importance of the FICO Score, used by 90% of top lenders. Participants will gain insight from credit experts and have access to free one-on-one coaching. FICO emphasizes that financial education is crucial for achieving financial goals.

Eurobank, a leading Greek bank, has expanded its use of FICO compliance solutions to align with new European regulations. The integration enables real-time AML (anti-money laundering) and KYC (Know Your Customer) checks to enhance operational efficiency. Eurobank received the 2021 FICO Decisions Award for Regulatory Compliance, highlighting its commitment to compliance amidst new directives AML4D and 5D. The bank's updated processes include centralizing alerts, improving KYC screening, and managing transaction monitoring to reduce false positives. Further enhancements are planned for 2021.

FICO (NYSE:FICO) reported strong first quarter fiscal 2021 results, with a net income of $86.5 million ($2.90 per share), up from $54.9 million ($1.82 per share) in the same period last year. Total revenue increased to $312.4 million, driven by a significant 26% growth in Scores revenues, while Applications revenues saw an 11% decline. Non-GAAP net income was $81.6 million ($2.74 per share). The company experienced $77.9 million in net cash from operating activities and $74.9 million in free cash flow, signaling a solid start to the fiscal year.

FICO (NYSE:FICO) will announce its first quarter fiscal 2021 results on January 28, 2021, post-market close. A conference call will take place on the same day at 5:00 p.m. ET. Investors can access this call via a webcast on FICO's website. Founded in 1956, FICO specializes in predictive analytics and decision management. The company holds over 165 patents and serves businesses in more than 100 countries, dealing with various sectors like financial services and healthcare.

FICO (NYSE:FICO) is hosting a free virtual financial education event, 'Score A Better Future', on January 12, 2021, aimed at improving financial literacy for residents of the Greater Philadelphia area. The event will feature Congresswoman Madeleine Dean as a special guest, emphasizing the importance of financial education. Attendees can learn about FICO Scores, essential credit factors, and book free one-on-one coaching with Operation HOPE's financial coaches. This initiative seeks to empower participants to take control of their financial futures.

FICO announced that Yapi Kredi, one of Turkey's largest private banks, will implement FICO® Decision Central™ to enhance its analytics management and decision-making processes. This initiative aligns with Yapi Kredi's System of Intelligence strategy, aiming to improve analytics and data pipeline efficiency. Decision Central will allow Yapi Kredi to govern its analytical assets effectively, ensuring regulatory compliance and optimizing model development lifecycles.