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Interview-based scoring is a way to increase financial inclusion

MOSCOW — April 25, 2017

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 score in Russia and other markets

Russia’s Sovcombank is using a new form of credit scoring to attract young people looking for their first credit card. The score, developed by Entrepreneurial Finance Lab (EFL) and marketed by Silicon Valley analytics firm FICO, uses an interactive online assessment to evaluate an individual’s credit risk. Sovcombank, a universal bank with more than 2 million customers, is using the score to “gamify” the credit application process.

More information: https://www.eflglobal.com/

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San Jose, CA, and Jersey City, NJ — April 18, 2017

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 risk, fraud prevention, business intelligence and cyber crime

Silicon Valley analytic software firm FICO today announced that Matrix International Financial Services (Matrix-IFS) is now a FICO Reseller and Implementation Partner for the FICO® TONBELLER® Siron® Anti-Financial Crime Solutions for anti-money laundering, regulatory compliance and tax compliance. The initial focus of the partnership will be in the U.S.

More information: http://www.matrix-ifs.com/

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SAN JOSE, CALIFORNIA – April 13, 2017 -

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 will be available through April 27, 2018 and can be accessed at our Past Events page.

The webcast will also be distributed through the Thomson StreetEvents Network to both institutional and individual investors. The webcast can be accessed via Thomson’s password-protected event management site, StreetEvents (www.streetevents.com).

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