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SAN JOSE – August 25, 2016- FICO (NYSE:FICO), a leading predictive analytics and decision management software company, has declared a two cent per share quarterly dividend, payable on September 28, 2016, to shareholders of record  on September 14, 2016.  The dividend was declared during a meeting of the company’s Board of Directors on August 24, 2016.

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SAN JOSE, Calif. — August 25, 2016

  • Poorly designed credit risk models can harm consumers, lenders, investors and the overall financial system
  • Fintech companies that circumvent regulations may be putting their customers and themselves at risk
  • The best credit risk models have five key attributes – predictive power, broad coverage, fairness, transparency and the ability for the consumer to dispute the process when mistakes are made

Recent trouble at marketplace lenders such as Lending Club has led many in the industry to say the fintech bubble is bursting. Whether or not this proves to be true, it is important to explore the unintended dangers posed by some of the new ways fintech companies are attempting to assess risk, as Dr. Andrew Jennings, senior vice president for Scores, posted on the FICO Blog.

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MOSCOW — August 23, 2016

Top Results:

  • The FICO® Credit Health Index for Russia has held steady since summer 2015, following a seven-year decline
  • 16 percent of Russian credit accounts are delinquent, more than twice as many as in January 2012
  • The FICO Credit Health Index measures the percentage of delinquent consumer loans and credit cards reported to NBKI, Russia’s largest credit bureau        

The bad rate of Russian consumer loans has held steady for a year, following a seven-year decline, according to July data from analytic software company FICO and National Bureau of Credit Histories (NBKI), Russia’s leading credit bureau. The FICO® Credit Health Index stood at 90, and has remained within a point or two since July 2015. 

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