Bensheim, November 29, 2021 -
In the RiskTech100® Report - a comprehensive study of the world's largest solution providers in the field of risk and compliance technology - FICO ranks sixth among 100 companies examined.
FICO received category awards in the areas of AI applications, financial crime, corporate fraud, retail credit analysis and innovation, among others
FICO, global provider of analytics software, was announced in Annual RiskTech100 Report rated by Chartis Research as the world's leading manufacturer of risk technology and ranked 6th out of 100 companies. Category prizes for innovation, applications with AI technology or special qualities in the area of credit analysis underpin FICO's position as one of the top 10 companies in the focus of Chartis research analysts.
"FICO's top ten ranking reflects the company's focus on a cloud-based applied intelligence platform," said Sid Dash, Research Director at Chartis Research. "This includes operationalizing AI and predictive analytics to create silos to break out and become central to customer operations. FICO's particular success in the Innovation category underscores its commitment to developing technologies that are really relevant to today's market. "
Digital transformation for financial service providers
FICO represents several industry-leading innovations in the areas of responsible artificial intelligence and machine learning. These are the drivers of the intelligent analytics platform and also enable predictive questions, for example in terms of risk management and profitability challenges. The company's core concern is to help financial institutions and service providers with their digital transformation, for example in order to meet increased customer expectations. FICO's extensive portfolio of analytics solutions helps users leverage large data sets and a wide variety of digital information across the enterprise. Better decisions can be made in real time.
"We are very proud to be recognized by the new report. Data-driven decisions can change companies in the long term if data become real options for action. That can change lives and mean a better future for everyone," said Nikhil Behl, Chief Marketing Officer at FICO. "FICO is focused on bringing human and artificial intelligence together to enable organizations to discover new business models, make important decisions quickly, and implement them on a large scale."
This year's RiskTech100® Report is the 16th publication in the annual format. The comprehensive study deals with the world's largest solution providers in the field of risk and compliance technology. The rankings in the report reflect the opinions of analysts as well as research on market trends, participants, spending patterns and best practices.
FICO (NYSE: FICO) drives decisions that make people and businesses around the world successful. Founded in 1956 and based in Silicon Valley, the company is a pioneer in the application of predictive analytics and data science to improve operational decisions. FICO holds more than 185 US and international patents on technologies that increase profitability, customer satisfaction, and growth for businesses in the financial services, telecommunications, healthcare, retail, and many other industries. Businesses in more than 100 countries use FICO solutions in a variety of ways, from protecting 2.6 billion payment cards from fraud, to assisting with lending, to ensuring that millions of airplanes and rental cars are in the right place at the right time. More on this at https://www.fico.com.
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Fair Isaac Corporation published this content on 29 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 November 2021 18:40:09 UTC.