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SAN JOSE, Calif. – June 12, 2018

Highlights:

  • FICO has been awarded seven new patents for fraud detection, AI and analytics
  • Three of the patents granted are related to the FICO® Falcon® Platform, the world’s leading payment fraud system
  • FICO continues to drive innovation across its solutions; it currently holds 188 US and foreign patents

Silicon Valley analytic software firm FICO has been awarded seven new patents related to fraud, artificial intelligence (AI) and advanced analytics. In total, FICO currently holds 188 US and foreign patents, and has 89 pending patent applications.

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SAN JOSE, Calif. – June 7, 2018 -

FICO (NYSE:FICO), a leading predictive analytics and decision management software company, today announced Mike Pung, Chief Financial Officer, will present at the William Blair 2018 Growth Stock Conference on Thursday, June 14, 2018 at 10:00 am CT at the Four Seasons Hotel, 120 East Delaware Place, Chicago, IL. 

The presentation will be Webcast live on FICO’s website at www.fico.com/investors, and available through July 14, 2018.

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STOCKHOLM – 5 June 2018

Despite the major changes the Payments Services Directive 2 could make to EU payments, few Swedes know about the new EU directive, now being introduced. A new survey from analytics software firm FICO, executed by SIFO, also shows that few Swedes are prepared to share their banking information with a third party, and there is a mixed view on whether PSD2 will lead to an increase or decrease in fraud.

Under PSD2, consumers can give third parties permission to access their bank information, such as their deposits. This means that third parties can perform payments directly from the user’s bank accounts. Consumers will also have multiple payment options when conducting a transaction.

Only 36 percent of all respondents knew about the directive. The lowest awareness is among the young, from ages 16-24, where only 29 percent know about it.

”PSD2 will greatly change how we make payments in the future and usher in a lot of new payment services,” said Dylan Jones, who oversees operations in the Nordics at FICO. “Our survey shows though that few consumers know about the directive, which suggests that it will take some time before customers are ready to give third parties the necessary access in order to be able to take advantage of the new services that will launch.”

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