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SAN JOSE, Calif. – November 30, 2017 - FICO (NYSE:FICO), a leading predictive analytics and decision management software company, today announced Will Lansing, Chief Executive Officer, will present at the Barclays Global Technology, Media and Telecommunications Conference on Thursday, December 7, 2017 at 11:00 am PST at The Palace Hotel, 2 New Montgomery Street, San Francisco, CA. 

The presentation will be Webcast live on FICO’s website at www.fico.com/investors, and available through January 7, 2018.

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Bank creates central decision hub with FICO technology to launch new credit strategies 30 percent faster and at 25 percent lower cost

JOHANNESBURG — November 23, 2017

HIGHLIGHTS:

  • African Bank, a large retail bank in South Africa, has worked with Silicon Valley analytics firm FICO to bring more efficiency, governance and collaboration to the way it makes decisions.
     
  • The bank uses FICO decision management technologies as its central decision-making hub.
     
  • African Bank can now launch new credit strategies 30 percent faster and at 25 percent lower cost, and can make changes to credit strategies in two days instead of two months.
     
  • FICO® Blaze Advisor® decision rules management system is part of FICO’s suite for decision management.

African Bank can now launch new credit strategies 30 percent faster at 25 percent lower cost and can make changes to credit strategies in two days instead of two months. The new African Bank, which underwent a restructuring and reopened in 2016, uses FICO decision management software as the central decision-making hub of the bank. This new technology from FICO is said to bring more efficiency, governance and collaboration to the way the bank makes decisions.

More information: http://www.fico.com/en/latest-thinking/case-study/ever-wonder-how-african-bank-transformed-its-decision-system-to-launch-strategies

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FICO survey shows banks prefer letters but consumers prefer SMS and email

SYDNEY, Australia — November 22, 2017

“Stop posting us letters when we miss payments and start texting or emailing us.” That was the resounding message from Australian consumers in a new survey on lender communications by Silicon Valley analytics firm FICO. While 18 percent of respondents said credit grantors send late-payment reminders via the mail, only 6 percent prefer that channel. The top preference in Australia was for SMS messages (39 percent), with email following at 30 percent.

More information: https://www.youtube.com/watch?v=XBAQULsE90c&feature=youtu.be

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