2017 Press Releases

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FICO at J.P. Morgan Ultimate Services Investor Conference (Replay)
11/14/17 at 9:45 a.m. ET
FICO at J.P. Morgan Ultimate Services Investor Conference
Tuesday, November 14, 2017 9:45 a.m. ET  
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Q4 2017 FICO Earnings Conference Call (Replay)
11/01/17 at 5:00 p.m. ET
Q4 2017 FICO Earnings Conference Call
Wednesday, November 1, 2017 5:00 p.m. ET  
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Nov.14.17Swiss Issuer UBS Card Center Stops 74 Percent More Fraud with FICO AI and Machine Learning
Card processor wins FICO Decisions Award for Fraud Control for achievements using FICO Falcon Platform and adaptive analytics    LONDON — November 14, 2017 Highlights: UBS Card Center stopped 74 percent more fraudulent transactions in 2016 than in 2015, and saved potential losses of CHF172 million (about $172 million) using FICO® Falcon® Platform and related FICO technology.UBS Card Center has won the 2017 FICO Decisions Award for Fraud Control.UBS Card Center proces... 
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Nov.07.17FICO to Present at Upcoming Investor Conference
SAN JOSE, Calif., Nov. 7, 2017 /PRNewswire/ -- FICO (NYSE:FICO), a leading predictive analytics and decision management software company, today announced Mike Pung, Chief Financial Officer, will present at the J.P. Morgan Ultimate Services Investor Conference on Tuesday, November 14, 2017 at 9:45 am EST at the J.P. Morgan offices, 383 Madison Avenue, New York.  The presentation will be Webcast live on FICO's website at www.fico.com/investors, and available t... 
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Nov.01.17FICO Announces Earnings of $1.25 per Share for Fourth Quarter Fiscal 2017
Revenues of $253 million vs. $236 million in prior year SAN JOSE, Calif., Nov. 1, 2017 /PRNewswire/ -- FICO (NYSE:FICO), a leading predictive analytics and decision management software company, today announced results for its fourth fiscal quarter ended September 30, 2017. Fourth Quarter Fiscal 2017 GAAP Results Net income for the quarter totaled $40.0 million, or $1.25 per share, versus $32.1 million, or $1.00 per share, reported in the prior year period... 
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Nov.01.17FICO Announces New Stock Repurchase Program
SAN JOSE, Calif., Nov. 1, 2017 /PRNewswire/ -- FICO (NYSE:FICO), a leading predictive analytics and decision management software company, today announced that its Board of Directors has approved a stock repurchase program to acquire up to $250 million of the company's outstanding common stock. This new program was approved following completion of FICO's previous stock repurchase program, which was in effect from July 2016 through October 2017. The new stock repurchase program, which is open-ende... 
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Oct.25.17New FICO Credit Scores Provide Lenders Opportunity to Expand Access to Credit in India for Nearly 350 Million
FICO® Score for India and the new FICO® Score X Data for India use new data and platforms to evaluate risk across credit bureaus and establish a path to credit access SAN JOSE, Calif., Oct. 25, 2017 /PRNewswire/ -- According to The World Bank, nearly 350 million adults in India have no access to mainstream lending opportunities due to insufficient data. FICO® Score for India, which uses data from any of the major credit bureaus, brings proven technology in assessing Indian consume... 
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Oct.24.17FICO World 2018 Open for Registration and Session Proposals
Leading conference on applied analytics and decision management will take place April 16-19, 2018 in Miami Beach SAN JOSE, Calif., Oct. 24, 2017 /PRNewswire/ -- Highlights: Registration is open for FICO® World 2018, April 16-19 in Miami Beach, FL Early bird rates are available until December 30, and the first 100 registrations for the conference get a special discount. FICO welcomes session proposals Hundreds of attendees from dozens of countries attend FICO World... 
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Oct.23.17Analytics Leader FICO Awarded Eight New Patents for Decision Management Innovations
SAN JOSE, Calif., Oct. 23, 2017 /PRNewswire/ -- Highlights: Silicon Valley analytic software firm FICO has been awarded eight new patents related to its decision management platform, fraud detection and other areas. FICO now holds 183 US and foreign patents, and has 83 pending patent applications. Silicon Valley analytic software firm FICO has been awarded eight new patents related to cybersecurity and advanced analytics. FICO now holds 183 U... 
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Oct.20.17Fair Isaac Corporation Announces Date for Reporting of Fourth Quarter Fiscal 2017 Financial Results
SAN JOSE, Calif., Oct. 20, 2017 /PRNewswire/ -- FICO (NYSE:FICO), a leading predictive analytics and decision management software company, will announce its fourth quarter fiscal 2017 results on November 1, 2017, after the market closes and will host a conference call on November 1 at 5:00 p.m. Eastern Time (4:00 p.m. Central/ 2:00 p.m. Pacific). This call will be webcast and can be accessed at FICO's website at www.fico.com/investors. A replay of the webcast... 
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Oct.18.17FICO Regtech Solutions Will Protect GVNG Nonprofit Platform from Financial Crime
SAN JOSE, Calif., Oct. 18, 2017 /PRNewswire/ -- Highlights: GVNG, a technology platform for nonprofits, will use the FICO TONBELLER® Siron® suite of anti-money laundering (AML) and know your customer (KYC) solutions. GVNG chose the FICO solutions for their scalability, alert quality, cloud deployment and rapid start-up time. FICO offers the Siron® AML, Siron® KYC and other modules on AWS, as part of its FICO® Analytic Cloud offerings. ... 
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Oct.11.17FICO Doubles the Power of Cybersecurity Score to Predict Breaches
Refreshed analytic model in FICO® Enterprise Security Score gives users unprecedented accuracy in measuring cyber breach risk SAN JOSE, Calif., Oct. 11, 2017 /PRNewswire/ -- HIGHLIGHTS: The latest analytic model in the FICO® Enterprise Security Score is twice as accurate at predicting a data breach as the previous model, and more than four times as powerful as the best results claimed by competing solutions. New data sources, including access to industry-standard firmographic ... 
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Oct.09.17FICO Named a Javelin 2017 Identity Proofing Platform Leader in the Tailored Category
SAN JOSE, Calif., Oct. 9, 2017 /PRNewswire/ -- Highlights: FICO was named a Javelin 2017 Identity Proofing Platform Leader in the Tailored category Identity proofing solutions match a digital identity to a real-life individual and assess the risk associated with a particular event. FICO's award was based on FICO® Application Fraud Manager. Silicon Valley analytic software firm FICO announced that it was named a Leader in the Javelin 20... 
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Oct.03.17FICO Machine Learning Algorithms Improve Card-Not-Present Fraud Detection by 30%
Thousands of global banks to benefit from machine learning that more accurately detects fraud in online and mobile purchases SAN JOSE, Calif., Oct. 3, 2017 /PRNewswire/ -- Highlights: FICO is releasing new payment card fraud detection models focused on making card-not-present (CNP) transactions more convenient and secure. CNP fraud is the leading form of card fraud in most countries. Based on analysis of more than 4 billion transactions,... 
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Sep.26.17FICO Achieves AWS Financial Services Competency Status for TONBELLER Anti-Financial Crime Solutions
SAN JOSE, Calif., Sept. 26, 2017 /PRNewswire/ -- Highlights: The FICO® TONBELLER® Siron® Anti-Financial Crime Solutions have achieved Amazon Web Services (AWS) Financial Services Competency status. FICO has demonstrated relevant technical proficiency and proven customer success delivering secure solutions seamlessly in the AWS Cloud environment globally. FICO offers the TONBELLER SironAML, SironKYC and other modules on AWS, as part of its F... 
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Sep.11.17Chartis Names FICO a Category Leader in Enterprise Fraud and AML Solutions
LONDON, Sept. 11, 2017 /PRNewswire/ -- HIGHLIGHTS: FICO was named a Category Leader in enterprise fraud solutions and anti-money laundering (AML) solutions by research firm Chartis Research. Category Leaders are defined by Chartis as having high market potential and completeness of offering. FICO offers enterprise fraud management solutions, financial crime management solutions and cybersecurity solutions. Silicon Valley analytic sof... 
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Sep.08.17FICO to Present at Barclays Global Financial Services Conference
SAN JOSE, Calif., Sept. 8, 2017 /PRNewswire/ -- FICO (NYSE:FICO), a leading predictive analytics and decision management software company, today announced Jim Wehmann, Executive Vice President of Scores, will present at the Barclays Global Financial Services Conference on Tuesday, September 12, 2017, at 4:15 p.m. ET at The New York Hilton Midtown, 1335 Avenue of the Americas, New York, NY. The presentation will be Webcast live on FICO's website at www.fico.co... 
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Aug.31.17FICO Reports a 39 Percent Rise in Debit Cards Compromised at U.S. ATMs and Merchants
Consumers need to stay alert as skimming continues to grow SAN JOSE, Calif., Aug. 31, 2017 /PRNewswire/ -- Compromises of ATMs and point-of-sale (POS) devices in the US rose 21 percent in the first six months of 2017, compared to the same period in 2016. Compromised cards rose by 39 percent. Cardholders should employ common sense when using ATMs, and check their transactions frequently. FICO® Card Alert Service monitors hundreds of thousands of ATMs in the U.S. ... 
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Aug.24.17ING Bank Will Use FICO Technology to Power Growth in the Czech Republic
LONDON — August 24, 2017 Highlights: European banking leader ING Bank will use FICO technology to launch its unsecured lending program in the Czech Republic.The bank's risk strategy will be defined and executed in FICO® Blaze Advisor® decision rules management rules system. ING Bank will also use credit risk models developed by FICO and is working with Fair Isaac® Advisors, FICO's consultancy arm, to define its credit risk strategies.ING Bank has banking operations in 40 c... 
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Aug.18.17FICO Unveils New Solution to Instantly Optimize Deal Structures for Auto Finance
New auto industry solution generates multiple optimized deal structures in real-time, enabling lenders to effectively manage risk and enhance profitability SAN JOSE, Calif., Aug. 18, 2017 /PRNewswire/ -- HIGHLIGHTS: New FICO solution instantly discovers and evaluates millions of alternative offers to deliver the best offers to auto lenders, empowering them to aggressively compete for business without compromising risk standards, growth targets, or compliance requirements At the... 
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Aug.09.17China Guangfa Bank Credit Card Center Cuts Collection Costs and Improves Customer Service Using FICO Solution
Guangfa Bank Credit Card Center wins prestigious "Best Self-Service Banking Project in China" award from The Asian Banker   BEIJING, China - 9 August, 2017 HIGHLIGHTS: China Guangfa Bank Credit Card Center is using FICO® Customer Communications Services (CCS) to help reduce its cost of collections and improve customer service across its credit card portfolioChina Guangfa Bank Credit Card Center has improved the average daily rate of repayment by 2 percent  and col... 
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Jul.31.17FICO Announces Earnings for Third Quarter Fiscal 2017
Revenue of $231 million vs. $239 million in prior year SAN JOSE, Calif., July 31, 2017 /PRNewswire/ -- FICO (NYSE:FICO), a leading predictive analytics and decision management software company, today announced results for its third fiscal quarter ended June 30, 2017. Third Quarter Fiscal 2017 GAAP Results Net income for the quarter totaled $25.2 million, or $0.78 per share, versus $35.0 million, or $1.08 per share, reported in the prior year period. The c... 
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Jul.27.17FICO Survey: US Consumers Fear Bank Fraud and ID Theft More than Terrorist Attack
SAN JOSE, Calif., July 27, 2017 /PRNewswire/ -- HIGHLIGHTS: 44 percent of US consumers rate identity theft and banking fraud as their top concern 78 percent of US consumers who experienced fraud were satisfied with their bank's response or handling of the incident. FICO surveyed 1,000 US consumers over the age of 17. For more information: http://www.fico.com/en/2017-north-america-banking-survey FICO's latest consumer finance trend... 
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Jul.20.17FICO Expands Operations in Chile with New Office
SANTIAGO, July 20, 2017 Highlights: FICO has opened an office in Santiago, which will serve as the main operations center for the Spanish-speaking countries of the Southern Cone of Latin AmericaChile joins 23 other countries around the world where FICO has offices Silicon Valley analytics software firm FICO is expanding its operations in Chile with the opening of its first office in Santiago. The office will serve customers in Chile, Argentina, Uruguay, Bolivia and Paraguay. ... 
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Jul.13.17Fair Isaac Corporation Announces Date for Reporting of Third Quarter Fiscal 2017 Financial Results
SAN JOSE, Calif., July 13, 2017 /PRNewswire/ -- FICO (NYSE:FICO), a leading predictive analytics and decision management software company, will announce its third quarter fiscal 2017 results on July 31, 2017, after the market closes and will host a conference call on July 31 at 5:00 p.m. Eastern Time (4:00 p.m. Central/ 2:00 p.m. Pacific). This call will be webcast and can be accessed at FICO's website at www.fico.com/investors. A replay of the webcast will b... 
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Jul.13.17FICO Survey: Only 1 in 3 Gen X Think They Will Reach Long-Term Financial Goals
41 percent of the 'sandwich generation' say they need to save more for the future SAN JOSE, Calif., July 13, 2017 /PRNewswire/ -- HIGHLIGHTS: Only 32 percent of Gen X say they are confident they will reach their long-term financial goals 41 percent of Gen X say they need to save more for the future 26 percent of Gen X say they are concerned about the amount of debt they have For more information: http://www.fico.com/en/latest-thi... 
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Jul.11.17FICO abre escritório na Flórida para atender América Latina e Caribe
A FICO, empresa global de tecnologia analítica, abriu um escritório em Miami para melhor atender seus clientes na América Latina.A FICO desenvolveu os primeiros sistemas de score de concessão de crédito, em 1956, e seu score de crédito é usado hoje por quase todos os provedores de crédito no mundo.Com escritórios em 24 países, a FICO tem uma presença global.Os sistemas de fraude da FICO são utilizados por mais de 9 mil instituições financeiras e protegem mais de 2,5 bilhões de contas em t... 
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Jul.11.17FICO Opens Florida Office to Serve Latin America and Caribbean
Miami, FL. July 11, 2017 — Global analytics software firm FICO has announced the opening of an office in Miami, Florida to serve Latin America and Caribbean clients. FICO has offices worldwide, including an office in Sao Paolo, Brazil and a newly opened office in Santiago, Chile. FICO uses Big Data and mathematical algorithms to predict consumer behavior, and its products are used by businesses in financial services, auto lending, health care, insurance, telecommunications and other in... 
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Jul.11.17FICO Extends Cybersecurity Score to Rate 4th Party Risks
New capabilities identify concentrations of risk throughout the supply chain and across common cloud services SAN JOSE, Calif., July 11, 2017 /PRNewswire/ -- Highlights: FICO has enhanced the FICO® Enterprise Security Score in order to identify the 4th party risks of scored organizations — the risks of a vendor's vendors Users of the FICO Enterprise Security Score can identify key IT suppliers of any entity, the cybersecurity scores of those su... 
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Jul.05.17Innovators Wanted: FICO Decisions Awards 2017 Now Open
Awards honor FICO customers achieving outstanding results with AI, machine learning and decision management SAN JOSE, Calif., July 5, 2017 /PRNewswire/ -- Entries for the FICO Decisions Awards are due August 31, 2017 Six categories are AI and Machine Learning, Customer Onboarding and Management, Debt Management, Decision Management, Fraud Control, and Regulatory Compliance Judges include industry experts and practitioners Entry form and information are at www.fico.co... 
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Jun.29.17European Card Fraud for 19 Countries Hit Record €1.8B in 2016
Interactive map from FICO and Euromonitor International shows UK had highest card fraud losses in 19 countries surveyed    LONDON — June 29, 2017 HIGHLIGHTS: Total card fraud losses for 19 European countries studied reached nearly €1.8 billionUK card fraud rose 9 percent in 2016, to £618 millionInteractive online map from FICO and Euromonitor International compares fraud loss trends across the region Analytic software firm FICO today released an interactive... 
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Jun.22.17Chartis Names FICO a Category Leader in IFRS 9 Solutions
Independent research firm cites data, analytics and governance challenges for financial institutions in meeting new accounting standard LONDON, June 22, 2017 /PRNewswire/ -- HIGHLIGHTS: FICO was named a Category Leader in IFRS 9 solutions by research firm Chartis Research. IFRS 9 is a transformational event for financial institutions, changing the way they hold provisions against future credit losses. FICO's solution combines precise analytics with high-speed decision ... 
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Jun.21.17FICO Survey: 77 Percent of APAC Banks Say Inability to Rate the Risk of Unbanked Consumers Constrains their Business Growth
41 percent of APAC banks have a customer growth target of 20 percent or more for 2017   SINGAPORE — 22 JUNE 2017 HIGHLIGHTS: Inability to accurately assess the credit risk of unbanked applicants constrains business growth for 77 percent of respondents41 percent of APAC banks have a customer growth target of 20 percent or more for 2017 39 percent of respondents say their credit assessment process is still mostly manual For more information: http://www.f... 
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Jun.20.17FICO Survey: Swedish Firms May Be Overconfident About Cybersecurity Protection
More than half of Swedish firms in survey by FICO and Ovum say their protection is above average; telecommunications firms less realistic than financial services   Stockholm — June 20, 2017 Highlights: 58 percent of Swedish firms surveyed said they are better prepared for data breaches than their competitors.Telecommunications respondents were least realistic, with 88 percent rating their firms above average.Ovum conducted telephone surveys for FICO of security exe... 
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Jun.20.17FICO Survey: UK Firms May Be Overconfident About Cybersecurity Protection
More than half of UK firms in survey by FICO and Ovum say their protection is above average; telecommunications firms less realistic than financial services   LONDON — June 20, 2017 Highlights: 56 percent of UK firms surveyed said they are better prepared for data breaches than their competitors.Telecommunications respondents were least realistic, with 84 percent rating their firms above average, and 42 percent thinking they are top performers.Ovum conducted teleph... 
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Jun.20.17FICO Survey: Canadian Firms May Be Overconfident in Their Cybersecurity
Telecommunications sector expected to make the largest levels of investments in cybersecurity   Toronto — June 20, 2017 Highlights: 28 percent of respondents to a FICO survey on cybersecurity viewed themselves as top performers in their industry, and 24 percent felt they were above average in their preparedness. Telecommunications respondents were most confident, with 45 percent rating their firms as top performers, and 18 percent as above average.Ovum conducted tel... 
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Jun.20.17FICO Survey: US Firms May be Overconfident About Cybersecurity Protection
More than half of US firms in survey by FICO and Ovum say their protection is above average; telecommunications firms most confident of industries surveyed SAN JOSE, Calif., June 20, 2017 /PRNewswire/ -- Highlights: 54 percent of US firms surveyed said they are better prepared for data breaches than their competitors. Telecommunications respondents were most confident, with 55 percent claiming they are top performers and an addit... 
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Jun.14.17New FICO Fraud Solution Can Identify the Source of Compromised Cards Faster
SAN JOSE, Calif., June 14, 2017 /PRNewswire/ -- Highlights: FICO® Card Compromise Manager is an anti-fraud solution that proactively detects and prioritizes compromised merchants and data breaches involving card data. Card Compromise Manager detects card present, card not present and ATM fraud Card Compromise Manager is integrated with the FICO® Falcon® Platform, ensuring that issuers can get started faster and share data between the two solutions The FICO Falcon Pl... 
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Jun.05.17Woolpert and FICO Partner to Help Government Agencies Meet US Cybersecurity Exec Order
SAN JOSE, Calif., June 5, 2017 /PRNewswire/ -- Woolpert, a US architecture, engineering and geospatial (AEG) firm, has joined the FICO® Enterprise Security Score (ESS) partner program and will incorporate the score into its EC:Secure portfolio of products and services. This will allow Woolpert's governmental and national security clients to accurately and effectively assess their cybersecurity risk. "Under the recent Presidential Executive Order (E.O. 13800) ... 
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Jun.05.17FICO and Northwest Area Foundation Offer Nonprofit Scholarships to Attend Credit Building Symposium
Attend and hone financial education and credit counseling skills to help clients build positive credit WASHINGTON, June 5, 2017 /PRNewswire/ -- Credit Builders Alliance (CBA) 4th Annual Credit Building Symposium will now be accessible to more non-profits as a result of scholarships offered by FICO and the Northwest Area Foundation. These scholarships will enable attendees to explore the linkage between credit building and the broader issues of income inequality, poverty reduction, and asset b... 
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May.31.17FICO Survey: Four Out of Ten Swedish Firms Don’t Have Cybersecurity Insurance
Most Swedish firms in survey by FICO and Ovum say insurance industry should improve explanations of cybersecurity insurance pricing   Stockholm — May 31, 2017 Highlights: 44 percent of Swedish executives surveyed say their firm has no cybersecurity insurance, compared to 40 percent in other countries surveyedOnly 12 percent of Swedish firms surveyed have cybersecurity insurance that covers all risks84 percent of Swedish respondents say insurers should do more to exp... 
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May.31.17FICO Survey: Nearly One-Third of UK Firms Don’t Have Cybersecurity Insurance
Most UK firms in survey by FICO and Ovum say insurance industry should improve explanations of cybersecurity insurance pricing   LONDON — May 31, 2017 Highlights: 31 percent of UK executives surveyed say their firm has no cybersecurity insurance, compared to 40 percent in other countries surveyedOnly 28 percent of UK firms surveyed have cybersecurity insurance that covers all risks69 percent of respondents say insurers should do more to explain how they price risk... 
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May.31.17FICO Survey: More Than One-Third of Canadian Firms Do Not Have Cybersecurity Insurance
While ahead of global averages, Canadian businesses still have a long way to go to fully protect themselves in the event of a data-breach   TORONTO — May 31, 2017 Highlights: 36 percent of Canadian security executives surveyed say their firm has no cyber security insurance, compared to 50 percent in the U.S. and 40 percent globally80 percent of respondents say insurers should do more to explain how they price risk coverageOvum conducted telephone surveys for FICO of secur... 
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May.31.17FICO Survey: Half of US Firms Don't Have Cybersecurity Insurance
More than a quarter of US firms in survey by FICO and Ovum say they are not planning to take out cybersecurity insurance SAN JOSE, Calif., May 31, 2017 /PRNewswire/ -- Highlights: 50 percent of US executives surveyed say their firm has no cybersecurity insurance, compared to 40 percent in other countries surveyed 27 percent of US executives say their firms have no plans to take out cybersecurity insurance, despite 61 percent of executives stati... 
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May.30.17FICO to Present at Upcoming Investor Conferences
SAN JOSE, Calif., May 30, 2017 /PRNewswire/ -- FICO (NYSE: FICO), a leading predictive analytics and decision management software company, today announced Mike Pung, Chief Financial Officer, will present at the Baird 2017 Global Consumer, Technology & Services Conference on Tuesday, June 6, 2017 at 7:55 am EDT at the InterContinental New York Barclay, 111 East 48th Street, New York.  Mr. Pung will also present at the Stephens 2017 Spring Investment Confe... 
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May.23.17Only Half of Swedish Companies are Increasing Investments in Cyber Security, Despite Rise in Data Breach Attempts
Survey from FICO and Ovum shows the Swedish telecommunications industry at risk of underinvesting in security   STOCKHOLM — May 23, 2017 Highlights: 60 percent of Swedish executives believe the number of data breach attempts will be higher in a year, but fewer than half of the executives surveyed believe their company will have stronger cybersecurity protection in a year.The largest gap is found in among telecommunications executives, where 63 percent believe ... 
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May.23.17Cybersecurity Survey Shows Investment Will Lag Growth in Attacks at UK Companies
Survey by FICO and Ovum reveals lack of data breach response plans   LONDON — May 23, 2017 Highlights: 53 percent of UK executives surveyed believe the number of data breach attempts will be higher in a year, but fewer than half the executives surveyed believe their company will have stronger cybersecurity protection in a yearJust 48 percent say their investment in cybersecurity will rise in the next yearOnly 41 percent of firms surveyed have a tested data breach ... 
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May.23.17Canadian Companies Lag in Cybersecurity Investments, According to Global Survey
Survey by FICO and Ovum reveals lack of planning and investments TORONTO — May 23, 2017 Highlights: 76 percent of surveyed Canadian executives believe the number of data breach attempts will be higher in a year, yet fewer than half say that their organization's investments in cyber security will increase in that same time period.68 percent of respondents report that their organizations' volume of attempted data breaches has increased over the past year.Just 36 percent feel that a... 
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May.23.17FICO Survey: 1 in 5 APAC Banks Say Tax Evasion Will More than Double in 2017 Despite New Regulation
India and Korea first APAC countries to comply with AEOI changes in September 2017   SINGAPORE —24 May 2017 HIGHLIGHTS: 1 in 5 APAC Banks say tax evasion will more than double in 2017. Only 22 percent of respondents felt tax evasion would decrease.68 percent of respondents say they do not currently have the resources or solutions to identify and report tax evasion properly.Only 22 percent of respondents have applied behavioural analytics to help fight financial crime. ... 
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May.23.17Cybersecurity Survey Shows Investment Will Not Match Growth in Attacks at US Companies
Survey by FICO and Ovum reveals disconnect between investment and expected improvement in overall security SAN JOSE, Calif., May 23, 2017 /PRNewswire/ -- Highlights: 56 percent of US executives surveyed believe the number of data breach attempts will be higher in a year, but just 49 percent say their investment in cybersecurity will rise The financial services industry in the US is particularly at risk, with 87 percent of executives expecting a... 
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May.19.17FICO Announces Discontinuation of Regular Dividends In Favor of Its Share Repurchase Plan
SAN JOSE, Calif., May 19, 2017 /PRNewswire/ -- FICO (NYSE:FICO), a leading predictive analytics and decision management software company, today announced that its Board of Directors has determined to discontinue regular cash dividend payments in favor of using its excess cash flow for share repurchases. As of March 31, 2017, the Company had $155.4 million remaining under its current stock repurchase program. FICO has repurchased $74.6 million of its common s... 
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May.16.17South Africa's Discovery Health Streamlines Business Using FICO Decision Management Suite
LONDON, May 16, 2017 /PRNewswire/ -- Highlights: Discovery Health in South Africa uses tools from FICO to automate decisions in certain processes within Discovery Health's underwriting and claims processing. Discovery Health processes more than 100,000 transactions a day with FICO® Blaze Advisor® decision rules management system Discovery Health is South Africa's largest administrator of medical schemes, providing administration and manage... 
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May.11.17Canada's BCAA Adopts FICO Enterprise Security Score to Measure Cyber Risk
British Columbia Automobile Association will monitor partners' cybersecurity posture and use FICO's predictive security scores and information to improve its own defenses MONTREAL, May 11, 2017 /PRNewswire/ -- Highlights: The British Columbia Automobile Association (BCAA) is using the FICO® Enterprise Security Score to monitor their cybersecurity posture, including their partners' and vendors' defenses. The Enterprise Security Score reveals an organization's likelihood of suffe... 
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May.08.17APAC Banks Say They Will Stop Doing Business with Suppliers that Fail Cybersecurity Audits
FICO Survey: Banks believe large retailers and telcos are most likely to be exposed to data breaches in 2017   SINGAPORE — 9 May 2017 HIGHLIGHTS: In a FICO survey, three in four senior fraud managers at banks in Asia Pacific said they will stop doing business with suppliers that fail cybersecurity auditsFour in ten respondents from the survey said they currently conduct supplier audits, however this is expected to rise in the next year.Large retailers were nominated as... 
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Apr.27.17FICO Announces Earnings of $0.78 for Second Quarter Fiscal 2017
Revenue of $228 million vs. $207 million in prior year SAN JOSE, Calif., April 27, 2017 /PRNewswire/ -- FICO (NYSE:FICO), a leading predictive analytics and decision management software company, today announced results for its second fiscal quarter ended March 31, 2017. Second Quarter Fiscal 2017 GAAP Results Net income for the quarter totaled $25.1 million, or $0.78 per share, versus $23.1 million, or $0.72 per share, reported in the prior year period.... 
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Apr.25.17Russia's Sovcombank Will Use Psychometric Scoring from FICO and EFL to Increase Credit Portfolio
Interview-based scoring is a way to increase financial inclusion MOSCOW, April 25, 2017 /PRNewswire/ --  HIGHLIGHTS: Russia's Sovcombank is using survey-based credit scoring from EFL and FICO to attract young people looking for their first credit card The EFL score uses psychometrics and behavioral data to measure a person's credit risk based on their answers to questions in an online assessment FICO, the developer of the world's leading credit score, markets the EFL sco... 
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Apr.18.17Matrix-IFS Partners with FICO to Offer Advanced Anti-Financial Crime Solutions
SAN JOSE, Calif. and JERSEY CITY, N.J., April 18, 2017 /PRNewswire/ --  HIGHLIGHTS: Matrix International Financial Services will partner with FICO and offer comprehensive support of the FICO® TONBELLER® Siron® Anti-Financial Crime Solutions Siron solutions address money laundering, tax evasion, know-your-customer and other compliance requirements Matrix-IFS is a leading provider of business and technology solutions to financial services, focusing on compliance, financial r... 
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Apr.13.17Fair Isaac Corporation Announces Date for Reporting of Second Quarter Fiscal 2017 Financial Results
SAN JOSE, Calif., April 13, 2017 /PRNewswire/ -- FICO (NYSE:FICO), a leading predictive analytics and decision management software company, will announce its second quarter fiscal 2017 results on April 27, 2017, after the market closes and will host a conference call on April 27 at 5:00 p.m. Eastern Time (4:00 p.m. Central/ 2:00 p.m. Pacific). This call will be webcast and can be accessed at FICO's website at www.fico.com/investors. A replay of the webcast wi... 
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Apr.11.17FICO Partners with Operation HOPE to Improve Consumer Financial Health
New alliance supports the HOPE Inside programming model, empowering consumers and uplifting communities through financial literacy SAN JOSE, Calif., April 11, 2017 /PRNewswire/ -- FICO is teaming up with Operation HOPE, Inc., a global financial dignity and economic empowerment nonprofit, to help consumers by providing FICO® Scores and other information that enables them to better understand their financial health. Jim Wehmann, executive vice president, Scores, at FICO is deliverin... 
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Apr.11.17FICO® Score Open Access Reaches Milestone of 200 Million Consumer Financial Credit Accounts
Program enables financial institutions to provide FICO® Scores, for free, to existing customers increasing financial transparency and consumer empowerment SAN JOSE, Calif., April 11, 2017 /PRNewswire/ -- More than 200 million credit accounts in the U.S. are now included in the FICO® Score Open Access program. FICO® Score Open Access enables over 100 financial institutions to provide FICO® Scores, for free, to existing customers. More than a billion FICO® Scores are given to... 
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Apr.10.17Consumer Online Lender 4finance Group Ensures Compliance with New Anti-Money Laundering Requirements Globally Using FICO TONBELLER Cloud Solution
LONDON, April 10, 2017 /PRNewswire/ -- HIGHLIGHTS: Consumer online lender 4finance Group is using the FICO® TONBELLER® Siron® Anti-Financial Crime Solutions in the FICO® Analytic Cloud to ensure regulatory compliance with requirements of the 4th EU Anti Money Laundering directive Founded in 2008, 4finance Group operates in 17 countries today and has made loans exceeding €4 billion FICO TONBELLER's Siron® solutions address anti-money laundering, customer due diligence, CTF (counter ... 
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Apr.05.17FICO Launches Cloud-Based Origination Solution to Help Mid-Market Lenders Automate Small Business Lending Decisions
Origination Manager Essentials reduces loan application processing time to 60 seconds or less SAN JOSE, Calif., April 5, 2017 /PRNewswire/ -- HIGHLIGHTS: FICO® Origination Manager Essentials is designed to help mid-market banks and credit unions automate small business lending decisions. The solution combines powerful analytics with an automated, cloud-based platform to increase loan volumes with the same amount of staff and drive down the cost of... 
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Mar.29.17FICO Reports a 70 Percent Rise in Debit Cards Compromised at U.S. ATMs and Merchants in 2016
Increase follows sharp rise in 2015; consumers should take steps to protect themselves SAN JOSE, Calif., March 29, 2017 /PRNewswire/ -- FICO detected 70 percent more compromised debit cards at U.S. ATMs and merchant card readers in 2016, according to new FICO data Compromises of ATMs and merchant devices in the US rose 30 percent, following a six-fold increase in 2015 The average duration of a compromise fell from 14 days in 2015 to 11 Cardholders should employ common sense when u... 
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Mar.22.17Independent Research Firm Names FICO as a Leader in Predictive Analytics and Machine Learning Solutions
SAN JOSE, Calif., March 22, 2017 /PRNewswire/ -- New Forrester Wave™ shows, "enterprises that can make probabilistic predictions about customers, business processes, and operations will have an edge over enterprises that can't." Wave highlights "hot" Predictive Analytics and Machine Learning Solutions market, forecasting "a 15% compound annual growth rate (CAGR) for the PAML market through 2021." FICO selected as a leader and is cited for its "extensive real-world experience" and its de... 
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Mar.20.17EnterCard Will Use Cloud-Based FICO Solution to Protect 1.7 Million Scandinavians from Fraud
STOCKHOLM, March 20, 2017 /PRNewswire/ --  Highlights: EnterCard will deploy the FICO® Falcon® Platform across its operations in Sweden, Norway and Denmark The FICO solution will be used to protect all their cards and communicate with over 1.7 million customers Globally, FICO Falcon Fraud Manager protects 2.6 billion payment cards from fraud   EnterCard, one of the leading Scandinavian finance companies, will use the FICO® Falcon® Platform to combat card fraud and c... 
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Mar.08.17Killer Devices to Hacked Fingerprints: FICO Predicts 17 Financial Crime Trends for 2017
SAN JOSE, Calif., March 8, 2017 /PRNewswire/ -- HIGHLIGHTS: FICO experts predict a wide range of challenges in fraud, cybersecurity and money laundering in 2017 The 17 predictions include IoT threats, cybersecurity transparency, EMV confusion, hacked biometrics and illegal migration rings FICO is a leader in financial crime solutions If the world seemed dangerous from a financial crime perspective last year, experts at Silicon Valley analytics ... 
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Mar.06.17Russian FICO Score at NBKI Earns Best Scoring Solution Award
MOSCOW, March 6, 2017 /PRNewswire/ -- Top Results: National Bureau of Credit Histories (NBKI), Russia's leading credit bureau, has received an award for Best Scoring Solution 2016 based on the FICO® Score version 3. FICO built the latest model for Russia based on analysis of more than 10 million Russian borrowers and 200 million credit lines More than half of the top Russian banks use FICO® Scores delivered by NBKI. National Bureau of Credit Hi... 
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Feb.27.17The Mizen Group Will Sell FICO TONBELLER Solutions to Businesses Fighting Financial Crime
SAN JOSE, Calif. and NEW YORK, Feb. 27, 2017 /PRNewswire/ -- HIGHLIGHTS: The Mizen Group will offer FICO® TONBELLER® Anti-Financial Crime Solutions to its clients in the United States FICO TONBELLER's Siron® solutions address money laundering, tax evasion, know-your-customer and other compliance requirements The Mizen Group is a multinational financial security and corporate investigations software and technology services firm Silicon Valley an... 
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Feb.20.17Silicon Valley Analytics Leader FICO Awarded Eight New Patents for Cybersecurity, AI, Decision Management
SAN JOSE, Calif., Feb. 20, 2017 /PRNewswire/ -- Highlights: Silicon Valley analytic software firm FICO has been awarded eight new patents related to cybersecurity, AI and decision management. FICO now holds 173 US and foreign patents, and has 91 pending patent applications. Silicon Valley analytic software firm FICO has been awarded eight new patents related to cybersecurity and advanced analytics. FICO now holds 173 US and foreign patents, and has 9... 
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Feb.16.17FICO Declares Quarterly Cash Dividend
SAN JOSE, Calif., Feb. 16, 2017 /PRNewswire/ -- FICO (NYSE:FICO), a leading predictive analytics and decision management software company, has declared a two cent per share quarterly dividend, payable on March 17, 2017, to shareholders of record on March 3, 2017.  The dividend was declared during a meeting of the company's Board of Directors on February 15, 2017. About FICO FICO (NYSE: FICO) powers decisions that help people and businesses around the world p... 
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Feb.14.17FICO Wins Fintech Finance Award for Fraud and Cybersecurity Solutions
SAN JOSE, Calif., Feb. 14, 2017 /PRNewswire/ --   HIGHLIGHTS: FICO has received the Silver award for Best in Cybersecurity & Fraud Prevention from Fintech Finance magazine The award recognizes FICO's work in fraud prevention as well as cybersecurity These are the first Fintech Finance awards Silicon Valley analytic software firm FICO has received the Silver award for Best in Cybersecurity & Fraud Prevention from Fintech Finance magazine... 
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Feb.14.17FICO and EC Wise Announce Partnership for Streamlining Cybersecurity Risk Assessment and Mitigation
SAN JOSE, Calif. and SAN RAFAEL, Calif., Feb. 14, 2017 /PRNewswire/ -- Cybersecurity solution provider and systems integrator EC Wise and Silicon Valley analytic software firm FICO announced today that EC Wise has joined FICO's Enterprise Security Score partner program. Through the partnership, EC Wise will incorporate the FICO® Enterprise Security Score into its EC:Secure portfolio of products and services, which enable clients to accurately assess cybersecurity risk within their own organizati... 
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Feb.09.17FICO and Círculo de Crédito Bring World's Leading Credit Score to Peru
FICO® Score will help Peruvian lenders extend more credit and grow economy with stronger risk management SAN JOSE, Calif., Feb. 9, 2017 /PRNewswire/ --  Highlights: FICO and Círculo de Crédito have made the FICO® Score available to lenders in Peru The score is available now through Círculo de Crédito Peru. The FICO® Score is the world's leading credit score, with more than 10 billion sold each year Millions of Peruvians will find new credit o... 
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Feb.07.17PSECU Will Use FICO Technology for Real-Time Communication with Members
SAN JOSE, Calif., Feb. 7, 2017 /PRNewswire/ -- HIGHLIGHTS: Starting in 2017, PSECU (Pennsylvania State Employees Credit Union) will use FICO® Customer Communications Services to manage communications with people applying to be members, or members applying for loans The automated service works with PSECU's branch-free business model and online application processes PSECU is one of the biggest credit unions in Pennsylvania, with 400,000 members A... 
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Feb.07.17Thames Water Reduces Bad Debt 11% in a Year with FICO System
UK's largest water services provider wins FICO Decisions Award for Debt Management LONDON, Feb. 7, 2017 /PRNewswire/ -- Highlights: Thames Water reduced bad debt from 3.6 percent to 3.2 percent of its turnover in just 12 months, a relative reduction of 11 percent over the last year Thames Water has been awarded the FICO Decisions Award for Debt Management Thames Water, the UK's largest provider of water and wastewater services, has reduced bad ... 
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Feb.02.17Financial Crime Solutions in Demand as Nepal Moves to Grow Economy
FICO partners with ELAM to showcase solutions at national banking symposium   SINGAPORE — 3 February 2017 HIGHLIGHTS: The Nepalese government has called for enhanced governance and risk management compliance capabilities, to help combat cases of financial crime in the country. Nepal's Central Bank (Nepal Rastra Bank) believes that overall governance and risk management should continue to be enhanced. It has identified money laundering, white collar crime and compliance ... 
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Jan.31.17FICO Announces Earnings for First Quarter Fiscal 2017
Revenue of $220 million vs. $200 million in prior year GAAP EPS of $1.16, including favorable impact of excess tax benefits SAN JOSE, Calif., Jan. 31, 2017 /PRNewswire/ -- FICO (NYSE:FICO), a leading predictive analytics and decision management software company, today announced results for its first fiscal quarter ended December 31, 2016. First Quarter Fiscal 2017 GAAP Results Net income for the quarter totaled $37.9 million, or $1.16 per share, versus... 
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Jan.24.17FICO and Círculo de Crédito Make It Easier for Millions of Mexicans to Get Credit
FICO® Extended Score gives Mexican lenders the ability to assess the credit risk of consumers with little or no credit history SAN JOSE, Calif., Jan. 24, 2017 /PRNewswire/ -- Círculo de Crédito, the fastest-growing credit bureau in Mexico, can provide credit scores on nearly twice as many people, thanks to its adoption of an innovative score from analytic software firm FICO. Since it has been using the FICO® Extended Score to score people with little or no credit history, Círculo de Crédito h... 
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Jan.23.17FICO Recognized in 2016 "Know Your Customer" Market Update Analyst Report
Market Updates from independent research firm on KYC and AML show FICO as strong provider SAN JOSE, Calif., Jan. 23, 2017  /PRNewswire/ --  Highlights: FICO® TONBELLER® Siron® solution recognized as a leading know your customer (KYC) system in 2016 CEB TowerGroup analyst report "Do You Know Who I Am? Know Your Customer Systems Market Update." FICO TONBELLER Siron solution also recognized as a leading anti-money laundering (AML) system in 2016 CEB TowerGroup analyst report, "Com... 
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Jan.18.17Ethoca & FICO Partner to Improve End-to-End CNP Fraud Management Capabilities for Card Issuers
Partnership Enables FICO to Provide Rapid Notification of Confirmed Fraud to Ethoca for Immediate Resolution Through Ethoca's Global Network of Merchants TORONTO and SAN JOSE, Calif., Jan. 18, 2017 /PRNewswire/ -- Ethoca, the industry standard for collaboration-based technology solutions that enable card issuers and online merchants to increase card acceptance and stop ecommerce fraud and disputes, today announced a partnership with Silicon Valley analytic software firm FICO. Card issuers usi... 
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Jan.17.17Fair Isaac Corporation Announces Date for Reporting of First Quarter Fiscal 2017 Financial Results
SAN JOSE, Calif., Jan. 17, 2017 /PRNewswire/ -- FICO (NYSE:FICO), a leading predictive analytics and decision management software company, will announce its first quarter fiscal 2017 results on January 31, 2017, after the market closes and will host a conference call on January 31 at 5:00 p.m. Eastern Time (4:00 p.m. Central/ 2:00 p.m. Pacific). This call will be webcast and can be accessed at FICO's website at www.fico.com/investors. A replay of the webcast ... 
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Jan.10.17FICO and TSC Advantage Join Forces to Improve View of Cybersecurity Risk
FICO Enterprise Security Score and the TSC Advantage Secure Halo assessment strengthen security defenses with predictive analytics and a full picture of vulnerabilities SAN JOSE, Calif., Jan. 10, 2017 /PRNewswire/ -- Highlights: FICO and TSC Advantage now offer companies a joint solution that will help companies assess their exposure to cyber attacks The partnership combines the FICO® Enterprise Security Score, which quantifies the risk of a debilit... 
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Jan.10.17Southwest Airlines Wins 2016 FICO Decision Management Innovation Award for Real-Time Operations Recovery Tool
Southwest increases on-time flight performance by 10-15 percent using FICO optimization SAN JOSE, Calif., Jan. 10, 2017 /PRNewswire/ -- Southwest Airlines has achieved extraordinary results in improving flight on-time performance using FICO optimization in their Baker Airline Operations Recovery Optimizer tool, winning the 2016 FICO Decisions Award for Decision Management Innovation. Since the project's inception, on-time performance is 10-15 percent higher on days with irregular opera... 
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Jan.09.17FICO Joins EU-U.S. Privacy Shield Program to Protect Clients' Data
SAN JOSE, Calif., Jan. 9, 2017 /PRNewswire/ -- Silicon Valley analytics software firm FICO today announced that it has been accepted into the EU-U.S. Privacy Shield program, which requires FICO to agree to comply with EU data protection requirements when transferring personal data from the European Union to the United States. Effective December 7, 2016, this voluntary self-certification declares FICO's cooperation with the privacy program adopted jointly by the European Commission and the U.S. D... 
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Jan.05.17Medscheme Sees Early Success in Reducing South Africa's Healthcare Insurance Fraud, Waste and Abuse Using FICO Solution
Country's largest health risk management company wins FICO Decisions Award for Fraud Control JOHANNESBURG, Jan. 5, 2017 /PRNewswire/ -- Top Results: Using FICO® Payment Integrity Platform, South Africa's Medscheme has identified 3 percent of healthcare insurance claims as involving fraud, waste and abuse. Medscheme has been awarded the 2016 FICO Decisions Award for Fraud Control. Medscheme is the largest health risk management company in South A... 
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