FICO Newsroom

Thought leadership and best practices in Big Data Analytics.

Get the latest competitive insights across industries and FICO solutions

News Releases for

STOCKHOLM – 22 May 2018

Highlights:

  • Statnett has selected FICO® Xpress Optimization to power their models of the future of electricity needs in Norway and optimize the current infrastructure.
  • Statnett, the Norwegian transmission systems operator (TSO) for energy, operates nearly 11,000 km of high voltage power lines across Norway and is responsible for creating the next-generation main grid and securing the power supply of the future.
  • FICO® Xpress Optimization is the premier mathematical modeling and optimization solution in the world.

Statnett, the Norwegian transmission systems operator (TSO) for energy, has selected FICO® Xpress Optimization to power their models of the future of electricity needs in Norway and optimize the current infrastructure. The solution will be used across the organization to process, analyze and plan key factors relating to the sector.

More information: http://www.fico.com/en/products/fico-xpress-optimization

Read More

FICO Showcases Next Generation Decision Optimization and Enhanced Decision Management Platform at Analytics Conference, FICO® World

MIAMI BEACH, Florida — April 17, 2018 —

Today from FICO® World, analytics software firm FICO showcased the latest enhancements to FICO® Decision Management Suite (DMS) which leverages artificial intelligence (AI), machine learning (ML), advanced analytics, optimization and decisioning to deliver better, more predictive business outcomes. New capabilities include:

  • DMS Enterprise Grade Cloud Service: Now available on AWS, this managed service provides 24x7 high availability, disaster recovery, and supports the development, test and production environment.
  • New tools and execution platform: For mission critical AI, decisions, analytics and optimization, the new FICO® Analytics Workbench supports a wide range of commonly used AI and ML model executions and FICO developed analytic models for use cases such as fraud and anomaly detection.
  • FICO® Decision Central and DMS Hub in the Cloud: Enables true centralized decisioning with performance tracking, governance, source code control and collaboration for analytics and AI models.
  • Next generation decision optimization: Latest version of FICO® Decision Optimizer is now available in the Cloud.

“We are excited to unveil new capabilities in FICO DMS,” said Jari Koister, vice president of product management at FICO. “DMS supports the full life cycle of decision, analytics and AI driven applications, this includes data ingest and management, collaborative development, scalable elastic execution, and management and performance tracking of models.”

Read More

Leading Danish online lender will gain flexibility and control over risk exposure

STOCKHOLM — March 21, 2018

Highlights:

  • Basisbank, an online lender in Denmark, will control credit risk and accelerate its digital transformation using FICO® Blaze Advisor® decision rules management system
  • Basisbank risk analysts will be able to quickly make changes to credit strategies for unsecured consumer loans and point-of-sale financing
  • FICO Blaze Advisor is part of the groundbreaking FICO® Decision Management Suite for building and deploying decision management applications

Basisbank, an online lender in Scandinavia, will control credit risk and accelerate its digital transformation using FICO decision management technology, analytic software provider FICO announced today. With FICO® Blaze Advisor® decision rules management system, Basisbank risk analysts will be able to quickly make changes to credit strategies for unsecured consumer loans and point-of-sale financing in order to increase profitability and reduce the risk of loans going unpaid. Basisbank receives more than 75 percent of its credit applications from mobile devices.

More information: http://www.fico.com/en/products/fico-blaze-advisor-decision-rules-management-system

Read More

Want to take your business to new heights?

Request more information. Enter your information and we will respond directly to you.