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FICO Falcon Fraud Manager honored for Big Data analysis that has saved billions of dollars

SAN JOSE, Calif. — September 2, 2015 — FICO today announced that it has been named a 2015 Computerworld Data+ Editors' Choice Award honoree. This prestigious honor recognizes innovative Big Data initiatives that have delivered significant business value.

For more information: www.computerworld.com/tag/dataeditorschoiceawards/.

The award was granted to FICO because of its FICO® Falcon® Fraud Manager solution, which uses streaming analytics to quickly identify fraudulent activity and reduce losses for clients. Many card issuers see a 50 percent reduction in fraud-related losses as a result of implementing Falcon Fraud Manager.

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German Operations Research Society recognizes Berthold's dissertation on heuristic algorithms; Berthold is part of FICO's research center in Berlin

BERLIN — September 2, 2015

Highlights:

  • Timo Berthold received award for his dissertation from the German Operations Research Society
  • Berthold’s dissertation covers heuristic algorithms and optimization
  • Berthold works in FICO's Berlin research center and is a principal developer of FICO's optimization software
  • Berthold is also part of FICO’s academic cooperation program with Zuse Institute Berlin

Analytics software company FICO (NYSE:FICO) today announced that Timo Berthold, a data scientist working in FICO’s Berlin research center, is receiving the "GOR-Dissertationspreis 2015" prize for excellence in Ph.D. dissertations today from the German Operations Research Society (GOR), at the society's meeting in Vienna. GOR’s committee selected Berthold's dissertation from among 18 worldwide that qualified for the annual award. 

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LONDON — September 1, 2015

Highlights:

  • 14 percent increase since December in new credit card accounts that are 2 cycles delinquent
  • Mature credit cards reached two-year high in on-time payments
  • £49 increase in current balance on mature accounts vs. June 2014
  • FICO data covers millions of UK credit cards

New data from FICO (NYSE:FICO), the analytic software company, shows continued improvement in the health of mature UK credit card accounts, along with worrying signs for newer accounts. 

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