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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 processes roughly 25 percent of the credit cards in Switzerland.
  • FICO® Falcon® Platform is the leading card fraud solution, protecting 2.6 billion payment cards worldwide.

UBS Card Center, which processes roughly 25 percent of the credit cards in Switzerland, has cut the amount of fraud write-offs per compromised card, stopped more fraudulent transactions and reduced false-positive rates using the FICO® Falcon® Platform. The card processor stopped 74 percent more fraudulent transactions in 2016 than in 2015, and saved potential losses of CHF172 million (about $172 million). UBS Card Center achieved these gains by leveraging the latest artificial intelligence and machine learning capabilities of the Falcon Platform, including the use of FICO® Fraud Predictor with Merchant Profiles and adaptive analytics.

For its achievements, UBS Card Center has won the 2017 FICO Decisions Award for Fraud Control.

More information: http://www.fico.com/en/products/fico-falcon-platform

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SAN JOSE, Calif. – November 7, 2017 - 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 through December 14, 2017.

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LONDON — 2 November, 2017

Silicon Valley analytics software firm FICO today announced that it has been accepted to the UK’s Manufacturing Technology Centre (MTC), an organization that links manufacturers with new technologies. The MTC will use FICO® Xpress Optimization software to help manufacturers understand how advances in optimisation can improve production efficiency, scheduling, supply chains and other processes.

More information: http://www.fico.com/en/industry/manufacturing  

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