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FICO (NYSE:FICO) has been awarded 12 new patents by the U.S. Patent and Trademark Office, strengthening its position in AI, machine learning, and decision management technology. The company's patent portfolio now includes 226 U.S. and foreign active patents, with 75 pending applications.

The new patents cover critical areas including: responsible AI measurement, enhanced data privacy, bias analysis in AI models, neural network optimization, facial recognition for authentication, cyber security threat monitoring, and predictive model score attribution. These innovations aim to improve decision-making across industries like financial services, healthcare, retail, and telecommunications.

Notably, FICO's Chief Analytics Officer Dr. Scott Zoldi has been credited as an inventor on 101 patents, with 40+ additional patent applications in process, demonstrating the company's commitment to AI innovation and technological advancement.

FICO has announced a strategic partnership with Pro Volleyball Federation (PVF) for the 2025 season, focusing on promoting financial literacy and credit education. The partnership will provide PVF athletes with free access to myFICO to monitor their FICO® Scores and engage with fans on financial education content.

PVF, North America's premier professional volleyball league launched in 2024, has shown impressive growth with over 575,000 fans in attendance and millions of online viewers. The collaboration aims to leverage the rising popularity of women's volleyball to promote financial awareness.

According to a recent Harris Poll survey commissioned by FICO, 60% of Americans believe personal finance is important for adulthood, with 25% of Gen Z reporting that lack of financial skills has hindered their financial goals. The FICO® Score, used by 90% of top U.S. lenders, remains a critical tool for credit decisions in personal loans, mortgages, and credit cards.

Xactus has partnered with FICO (NYSE: FICO) as its first technology partner to launch the FICO® Score Mortgage Simulator, accessible through Xactus360's Intelligent Verification Platform. The simulator enables mortgage professionals to analyze potential impacts on consumers' FICO® Scores using actual FICO Score algorithms.

The tool allows lenders to run simulated credit scenarios, such as credit card payoffs, to demonstrate how different actions could affect borrowers' FICO Scores and potentially unlock better loan options and interest rates. This partnership aims to help both lenders and borrowers make more informed lending decisions through data-driven simulation capabilities.

FICO (NYSE:FICO), a global analytics software leader, has announced that Chief Financial Officer Steve Weber will deliver a presentation at the Raymond James 46th Annual Institutional Investors Conference. The event is scheduled for Tuesday, March 4th at 4:00pm EST and will take place at the JW Marriott Orlando Grande Lakes in Orlando, Florida.

Investors and interested parties can access a live stream of the presentation through FICO's website at www.fico.com/investors. The presentation recording will remain available for viewing until June 2, 2025.

FICO has announced significant progress in its FICO® Score 10 T Early Adopter Program, with over two dozen mortgage lenders signing up. These clients represent more than $264 billion in annualized mortgage originations and approximately $1.43 trillion in eligible mortgage portfolio servicing.

The program, launched in 2023, allows lenders to receive FICO Score 10 T at no additional fee alongside Classic FICO® Score. Key findings show that 51% of mortgages have a higher FICO® Score 10 T compared to Classic FICO® Score, with 1.7% more mortgages scoring 740+ with the new system.

Several notable institutions have joined the program, including ASMC, Bay Equity, Clear Mountain Bank, and others. The new scoring system leverages trended credit data to analyze borrower behavior over time, enabling more precise lending decisions while expanding credit access responsibly.

TransUnion Kenya and FICO have partnered to launch innovative risk solutions aimed at expanding credit access in Kenya. The partnership introduces two key solutions: CreditVision® Variables and the FICO® Score.

CreditVision Variables analyzes over 145 data sources and up to 24 months of payment history, while the new FICO Score is specifically built for the Kenyan market using over 4 million records. In global markets, lenders using CreditVision Variables have seen 20-30% improvement in risk predictability and 15-20% increase in approval rates.

The FICO Score, ranging from 300 to 850, provides a numerical snapshot of consumer credit risk, with higher scores indicating lower risk. The solution is particularly relevant for Kenya's market, where 95% of scoreable consumers have at least one microlending tradeline. According to TransUnion's Q2 2024 study, 36% of Kenyan consumers felt they had sufficient credit access, up from 33% the previous year.

FICO's 2024 Bank Customer Experience Survey reveals that 88% of bank customers consider customer experience equally or more important than products and services. The survey, conducted across 1,000 U.S. bank customers, shows that 33% of respondents have only changed their primary banking providers 1-2 times, indicating strong customer loyalty when expectations are met.

The study highlights a generational divide in banking preferences: 85% of customers aged 65+ prefer traditional banks, while younger demographics (53% of ages 18-24 and 55% of ages 25-35) increasingly favor digital apps. Currently, 66% of respondents use traditional banks, 21% use credit unions, and 11% use digital banks.

The survey also found that lower-income customers are more likely to use banking apps (24%) compared to medium (7%) and high-income customers (13%), suggesting digital services effectively reach untapped markets. Customer satisfaction remains high, with 39% rating their primary bank experience as 'excellent' and approximately half as 'generally good'.

FICO's UK Credit Card Market Report for November/December 2024 reveals record-high spending and balances since tracking began in 2006. Average credit card spend reached £860 in December, up 6.8% from November and 1.5% from December 2023. Average balances hit an all-time high of £1,860, 4.5% higher than December 2023.

The percentage of balance paid decreased by 3% in November and another 0.5% in December, with customers paying off 35.86% of their balance in December 2024. While missed payments generally decreased compared to 2023, balances on accounts with missed payments increased significantly. Average balances for accounts with one missed payment reached £2,255, two missed payments £2,780, and three missed payments £3,190.

Cash withdrawals using credit cards declined for the third consecutive month, reaching 3.19% in December 2024. The data suggests continued inflation could impact consumer affordability through 2025.

FICO reported strong Q1 fiscal 2025 results with revenue reaching $440.0 million, up 15% from $382.1 million in the prior year. GAAP earnings were $6.14 per share, compared to $4.80 in the previous year, while non-GAAP EPS reached $5.79.

Scores revenues increased 23% to $235.7 million, with B2B revenue up 30% due to higher unit prices and increased mortgage originations. B2C revenue grew 3%. Software revenues rose 8% to $204.3 million, driven by recurring and license revenue growth. Software Annual Recurring Revenue increased 6%, with platform ARR growing 20%.

The company reaffirmed its fiscal 2025 guidance, projecting revenues of $1.98 billion, GAAP EPS of $25.05, and non-GAAP EPS of $28.58.