Fair Isaac Corporation reports developments in credit scoring, applied analytics software and digital decisioning for lenders and other enterprises. The company is known for the FICO® Score, a consumer credit-risk measure used by top U.S. lenders and made available in other countries, and it generates news around modern score models such as FICO Score 10T, mortgage-risk analysis, and credit-card market data.
Recurring updates also cover the company's Scores and Software segments, including B2B and B2C scoring solutions, FICO Platform, Falcon Fraud Manager, Customer Communication Services, decision optimization, customer deployments, earnings releases, investor presentations and capital-market communications.
On December 8, 2020, FICO announced the closure of a civil investigation by the U.S. Department of Justice (DOJ) regarding potential exclusionary conduct. The DOJ informed FICO that no enforcement action would be taken, marking a positive resolution for the company. This investigation was initially opened on March 15, 2020, and its closure alleviates potential regulatory risks for FICO. Founded in 1956 and based in Silicon Valley, FICO is a leader in predictive analytics and data science, holding over 195 patents to enhance business profitability and customer satisfaction.
FICO has been recognized as a leader in The Forrester Wave™: Digital Decisioning Platforms, Q4 2020. The report highlights FICO's comprehensive decision management capabilities, emphasizing that it offers a robust suite of tools for digital decisioning.
FICO's platform is noted for its integration of predictive analytics and advanced optimization engines, which enhance customer experiences. This recognition reflects FICO's commitment to helping enterprises deepen customer relationships in the digital economy.
FICO (NYSE:FICO) announced that CEO Will Lansing will present virtually at the Barclays Global Technology, Media and Telecommunications Conference on December 9, 2020, at 4:00 pm EST. The presentation will be live-streamed on FICO's investor website and available for viewing until December 9, 2021. Founded in 1956, FICO specializes in predictive analytics and decision management, holding over 170 patents to enhance profitability and customer satisfaction across various sectors globally.
FICO (NYSE: FICO) will host a free financial education online event for Jackson, Mississippi residents on December 9, 2020. The event, part of FICO's 'Score A Better Future' program, aims to enhance financial literacy and understanding of credit scores, crucial for improving financial health. Congressman Bennie Thompson will be a special guest, emphasizing the importance of financial education. Participants can receive free one-on-one credit coaching from Operation HOPE's financial coaches. Registration details and further information can be found at scoreabetterfuture.com.
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FICO highlights the rise of online fraud during the 2020 holiday shopping season, exacerbated by the pandemic. With over 130,000 fraud reports and $182 million lost to scams, the urgency for consumer protection is clear. Liz Lasher, a VP at FICO, offers five critical tips for avoiding online fraud: revise password habits, utilize authentication features, trust payment methods, maintain skepticism, and monitor credit reports. These strategies aim to safeguard consumers as they navigate a challenging holiday shopping landscape.
FICO has been selected by Akbank to enhance its consumer credit card limit decisions, aiming to optimize their portfolio management. This initiative includes training Akbank's team in optimization methodologies and developing sophisticated action-effect models for retail lending. Akbank plans to establish an optimization center of excellence, utilizing FICO's Decision Optimizer technology to improve profitability and reduce non-performing loans. The move highlights Akbank's strategy to leverage advanced analytics for financial decision-making.
FICO, a leader in analytics, announces that Dr. Scott Zoldi will deliver the keynote at the virtual Canadian Telecom Summit from November 17-19, 2020. His keynote, titled "Ethical in the Age of AI?", will focus on AI governance, machine learning explainability, and eliminating bias in decision-making. Following his presentation, Dr. Zoldi will participate in a panel discussion on innovations in 5G, Blockchain, and AI.
FICO emphasizes the importance of ethical AI use as it continues to impact daily life and business innovation.
FICO announces the panel of independent judges for the 2021 FICO® Decisions Awards, recognizing clients who excel in analytics and decision management technology. Nominations are open until December 4, 2020, across eight categories including AI, Cloud Deployment, and Fraud & Security. Winners will be revealed on January 22, 2021, at the FICO World conference in November 2021. The judging panel consists of eight global experts with extensive industry experience, ensuring a comprehensive evaluation of nominations based on key performance metrics.