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SAN JOSE, Calif. – July 28, 2016 - FICO (NYSE:FICO), a leading predictive analytics and decision management software company, today announced that its Board of Directors has approved a stock repurchase program to acquire up to $250 million of the company’s outstanding common stock. This new program was approved following completion of FICO’s previous stock repurchase program, which was in effect from August 2014 through July 2016. The new stock repurchase program, which is open-ended, allows the company to repurchase its shares from time to time in the open market and in negotiated transactions.

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PARIS — July 25, 2016

Analytics software firm FICO announced that Crédit Agricole Consumer Finance (CA CF), a leading player in consumer credit in Europe, has seen excellent results using FICO technology to manage customer credit decisions. CA CF deployed FICO® TRIAD® Customer Manager in May 2003 to automate collections and recovery decisions for its entire revolving credit portfolio, handling about 200,000 unpaid debts per month. FICO TRIAD Customer Manager had been used successfully at Sofinco, a commercial brand of CA CF in France, for many years, leading to a 30 percent increase in collections productivity.

CA CF provides a wide range of lending products and associated services to consumers, and operates in France principally through the brands Sofinco, Viaxel and Creditlift Courtage. By upgrading its version of FICO TRIAD Customer Manager, CA CF has been even more targeted in its choice of the best treatment for overdue consumers.

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SAN JOSE, Calif.  — 21 July, 2016

HIGHLIGHTS:

  • 32 percent of Millennials owe $20,000 or more in student loans, while 45 percent owe $7,000 or more on auto loans
  • 65 percent of Millennials want an email alert when their student loans are overdue by less than 90 days
  • 35 percent of Millennials want an in-app notification for late payments on home equity or residential mortgages less than 90 days but prefer a phone call if overdue by more than 90 days

For more information: http://subscribe.fico.com/millennials-debt-management

FICO’s latest consumer finance trend research has revealed that 37 percent of Millennials aged 25-34 are concerned about their level of debt, while 33 percent of them are interested in getting assistance to help manage their debts. 

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